Category: Tax

The 1031 Debate: Bernie Sanders VS Real Estate

bernie sanders 1031 exchange real estate

I often talk about how local politics influence the commercial real estate sector, particularly when it comes to development approvals and related decisions. But the real estate industry is equally aware of decisions made at the federal level of the…

Higher Taxes? OK!

philly

From an economic standpoint, some cities grow extremely quickly. Some do not. Philadelphia, for all its strengths and opportunities, is unfortunately in the latter category. True, Philadelphia is the fifth-largest market by population in the U.S. and host to a…

Trading Places: REITs and the 1031 Exchange

1031 exchange houses monopoly

I don’t like to pay taxes. It’s true. I’m no Tea Partier or anti-tax crusader, I just don’t like to pay taxes. But I understand why taxes exist and so I pay them nonetheless. Even Philadelphia’s local wage tax, which…

Dear Philadelphia: Please Pay Your Taxes. Seriously.

dripping faucet as metaphor for fiscal waste

Let’s lighten the mood a bit and talk about taxes. Last weekend, the Inquirer published another installment in its ongoing investigation of Philadelphia’s epidemic of tax-delinquent properties and the city’s efforts to collect the millions upon millions of dollars it…

Executive Interview: John Grady, Philadelphia Industrial Development Corporation (part II)

John Grady President Philadelphia Industrial Development Corporation (PIDC) John Grady has more than 20 years’ experience in planning, negotiating and implementing public-private development initiatives.  Since 1998, John has served in a number of leadership positions with the Philadelphia Industrial Development Corporation,…

REITs of Nature – Part I

When it comes to fundraising, investors sometimes need to get creative. Consider the REIT: as a pass-through investment structure that attracts enormous amounts of capital, the REIT is a very creative solution to the question, How do we get lots…