World News: 13:00 GMT Friday 21st April 2017. [Transwestern via Globe Newswire via SPi World News]
HOUSTON, April 21, 2017 (GLOBE NEWSWIRE) -- Of the many tax changes under discussion by the Trump administration, six measures pose material implications for commercial real estate, according to the latest edition of “the BRIEFING,” a Transwestern report that covers the global economy and commercial real estate.If passed, these measures would:
“Elimination of interest deductibility is a particular concern for investors, although a reduced corporate tax rate could mute its impact,” said Tom McNearney, Transwestern Chief Investment Officer and the report’s author. “Yet it is difficult to imagine that President Trump, who has taken advantage of commercial real estate borrowing, would eliminate interest deductibility.” Even as the political system feeds uncertainty, economic confidence is climbing. As expected, rising employment and wage growth combined to drive a 3.9 percent increase in personal consumption. That purchasing activity helped drive up inflation and manufacturing, with U.S. factories stepping up output through February. Corporate profits also have improved. McNearney continued, “Commercial real estate tends to outperform other asset classes in a rising-interest-rate environment – particularly when markets avoid overbuilding – so we expect relatively steady performance in 2017.”Download the full report, including 20 fast facts for the big picture, at
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Globe Newswire: 13:00 GMT Friday 21st April 2017
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