Commercial Real Estate Quarterly Hot Topics

Commercial Real Estate Quarterly Hot Topics

The CBIZ Commercial Real Estate Quarterly Hot Topics newsletter keeps you up-to-date with the trends and regulatory developments that affect the real estate sector.

A comprehensive risk approach can both control theever-increasing cost of commercial property insurance and help your enterpriseprepare for business continuity in an environment that continues to present newsources and severity of disruption. Every industry sector and business facesunique challenges. These are the top threats facing commercial real estatetoday.
Consider a scenario where a family business ownergrapples with how to equalize inheritances for his four children when two areactive in the business while two have careers separate from the familybusiness. Three options are discussed in this first in a series of articles onsuccession and exit planning for closely-held businesses and SMEs.
The commercial real estate market is heating up again but maintaining this momentum will not be an easy feat. Trending threats are many – hybrid workforces reducing office space requirements, expanded online shopping translating to big-box store and shopping mall declines, skilled workers shortage and delays in the global supply chain. It’s vital to be on top of your game when those potential pitfalls drop. The challenge is twofold - prepare for unforeseen and be ready for new opportunities.

The pandemic may have changed consideration of whether healthcare providers use medical office timeshares.

In case you missed it, here is a selection of Commercial Real Estate sector news items and discussions from trusted sources.
No surprise to anyone, the pandemic, civil unrest, economic uncertainty and an abundance of disastrous weather events influenced losses of over $1 billion in 2020, accelerating an already hardening insurance marketplace – one that is less friendly to insurance buyers. You can expect double digit increases at renewal – but your hands aren’t tied. By understanding current market trends and implementing some standard practices, you can manage your coverage and achieve your lowest cost of risk. 

The Employee Retention Tax Credit (ERTC) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, but limitations on its availability tempered interest in the relief measure.

Analysis of the tax changes outlined in the Treasury Department’s Green Book provide more insight into the Biden Administration’s plan to finance infrastructure reform.

Insurers are utilizing more stringent underwriting guidelines and becoming more selective about the type of accounts they are willing to insure. Developing a plan to ensure the quality of the data used for your submission has a direct correlation to your total cost of risk.
The COVID-19 pandemic has had a severe impact on local jurisdiction budgets that support community services like the operation of schools, police and local health departments. Taxing jurisdictions will be looking for ways to make up the lost revenue in 2021, and property taxes are the most convenient place to look. 
While commercial real estate owners were mostly unable to take advantage of the PPP, there are other tax provisions included in the CAA that may be more beneficial for 2021 planning.

As we approach year-end, property owners are planning their recovery by adjusting their capital structure to finance operations and/or to make improvements to property they own. Closing transactions in a timely manner often hinges on how well you “tell your story”. This checklist is a simple but effective tool for gathering the relevant information before you approach your lender or pursue financing.

Commercial real estate has always been an attractive cyber target. Enter COVID-19. Almost overnight, nearly all routine activities are tied to remote capabilities. Now, it’s cyber threat and cyber risk on steroids. This article provides a cyber professional’s view of the situation and includes links to several additional resources.

This guest article talks about the renewed interest in an important economic development tool – Opportunity Zone Funds – and the rare opportunity for disparate parties to move forward in a way that is both productive at the local community level and therapeutic for our Nation.

Learn how the Main Street Lending Program supports small and mid-sized organizations that were in good financial standing before the COVID-19 crisis began.

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