Commercial Real Estate News

Taxation Turmoil Takes Toll On Troubled Borrowers

A yawning bid-ask pricing gap isn’t the only force that’s assailing commercial property and debt sales. A potentially costly tax quirk is also keeping troubled properties stuck in the mud, by disincentivizing commercial owners from either working out underwater loans or giving the keys back to the bank – two moves that would lead to market-clearing transactions.

The Teller, July 6

The Massachusetts Department of Housing and Community Development (DHCD) is going through a few changes. No, voices aren’t getting deeper, and there is no acne involved. The department merged in 71 employees from the Department of Transitional Assistance, and will now be responsible for the state’s emergency homeless shelters.

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