Lender Takes Control of Chicago Office Tower in Uncontested Auction
The U.S. office market's post-pandemic epidemic of foreclosures amid the billions in looming maturities rages on. With high-interest rate loans and stringent lending terms, refinancing…
How Office Market Challenges are Impacting Property Taxes
The office sector had a difficult couple of years. This isn't just bad for office building owners; cities rely on the tax revenue from property…
Will Chicago’s Incoming Mayor Really Disrupt the City’s Real Estate Market?
Chicago’s latest mayoral election pitted two Democrats at opposite ends of their party’s political spectrum against each other to replace incumbent Lori Lightfoot, and the…
What Building Owners Need to Know About the Phase Out of Bonus Depreciation Deductions
We’re only a few weeks into this tax season, and it’s clear that it’s going to be a messy one. The IRS has given a…
Last-Minute Tax Tips of 2022 That Every Real Estate Professional Needs to Know
As we tuck into our holiday plans, the last thing most of us want to think about is how we’re going to file this year’s…
Bye Bye to the Bonus Depreciation Deduction
The tantalizing subject of tax deductions may not be dominating the conversation at your holiday party, but with 2022 drawing to a close, it’s important…
For Real Estate, the Inflation Reduction Act Means More Deductions and More Audits
Since it passed last month, the real estate industry has been overwhelmingly positive about the ambiguously named Inflation Reduction Act, or the IRA. The reincarnation…
How Texas Uses Commercial Property Tax Code to Fast Track Growth
Everything’s bigger in Texas, including the tax code. Unique provisions in a state funded primarily by property taxes give commercial owners more control over how…