COVID-19 has transformed every aspect of the real estate industry; some sectors have experienced surges in demand while others are looking at ways to stay relevant.
Few contractors give much thought to state sales tax when they’re installing property improvements for a customer.
What does it mean to be a real estate professional? For many, the answer is straightforward: they’re landlords, property developers, contractors, and investors.
Commercial real estate leases are changing. And according to the New York Times, banks currently hold about $2.38 trillion of commercial real estate loans. As tenants renegotiate their leases, building owners and landlords will likely be asking banks to restructure their loans, too.
Before the coronavirus hit, the outlook for commercial real estate was strong. Many experts were predicting another year of record growth. Others, at the end of 2019, couldn’t even pinpoint a near-term recession.
For fund managers and investors alike, the pandemic presents short-term challenges, long-term opportunities, and lessons to be learned. (authored by RSM US LLP)
The familiar saying “failing to plan is a plan for failure” is spot on, especially for construction companies facing a transition in leadership. Without enough time to plan for the owner’s exit, any of the following scenarios can easily lead to a construction company in chaos.
As the leader of your construction company, how much time have you spent envisioning your retirement, or the process leading up to it?
Energy-efficient building design has been gaining more traction in recent years. When sourcing renewable materials or designing for sustainability, there are more ways than ever for building owners and designers to save money on taxes and offset construction costs.
Construction is considered to be an essential industry in many states, but as the impact from the coronavirus deepens, the industry’s ability to weather this storm continues to be threatened.