The daily source on REITs and real estate investment | |
- Congress works on tax-code overhaul
Bipartisan work on a comprehensive overhaul of U.S. tax law got under way in the Senate Finance Committee with Democrats and Republicans agreeing on one issue: The economy would benefit from eliminating tax breaks worth tens of billions of dollars, they said. They disagree, however, on what to do with the money saved. The Washington Post
(3/14)
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Capital Markets | | |
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- Senate report criticizes JPMorgan risk management
A Senate Permanent Subcommittee on Investigations report on JPMorgan Chase's derivatives-trading losses is critical of the bank's risk oversight and regulators that permitted the trades. The case "provides a startling and instructive case history of how synthetic credit derivatives have become a multibillion-dollar source of risk within the U.S. banking system," according to the report. CNBC
(3/14), Reuters
(3/14), The Wall Street Journal
(3/14)
Investment News | | |
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- Hulic eyes $1.04B J-REIT by mid-2014
Japanese developer Hulic Co. wants to speed up the listing of a $1.04 billion REIT as the economy improves. It said it will list the REIT by the middle of 2014. The REIT will include office and commercial buildings in Tokyo as well as nursing homes. Bloomberg Businessweek
(3/14)
Real Estate Marketplace | | |
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- Rising prices of building materials challenge contractors' bottom lines
The cost of building materials rose in February and year-over-year based on an analysis of federal data by the Associated General Contractors of America. "For the second month in a row, contractors endured outsized price hikes," said Ken Simonson, chief economist for AGC. "In addition, soaring diesel prices mean contractors are paying more for fuel they buy and, via fuel surcharges, for the thousands of deliveries of materials and equipment required for construction projects." American City Business Journals/Albuquerque, N.M.
(3/14)
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