Monthly Archives: December 2017

Commercial Real Estate News Brief: December 2017

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights the tax reform, technology in the CRE industry and mixed-use developments.

Tax Reform Brings Big Changes to the Commercial Real Estate Industry

JLL CRE News Brief

Newspaper image via NS Newsflash.

In case you haven’t heard, the House and the Senate released separate versions of the Tax Cut and Jobs Act earlier this month. With the new tax code, the CRE industry is expected to benefit from strong economic growth—especially in the retail sector.

With a lower corporate tax rate, CRE lending institutions, such as banks, should expect higher after-tax profits. Additionally, if there is an increase in interest rates, lending institutions will likely see an increase in the net-interest margin, boosting their profits. Likewise, CRE investment management firms may also see an increase in after-tax profits as a result of the lower rate.

To learn more about the new tax code and how it might impact the CRE industry, read our 2017 Guide to Tax Reform.

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JLL People to Know Spotlight: Justin Walbert

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Justin Walbert works as an Associate and Brokerage Analyst in JLL’s Retail Brokerage and Integrated Portfolio Solutions teams in the Pittsburgh office of JLL. 

Justin Walbert | JLL

Years in the industry: 6 months

Favorite Pittsburgh neighborhood: The Strip District

Why did you get into the real estate business?

Real estate has always interested me because it’s a very tangible industry.  Learning about a region’s real estate means you’re meeting real people and helping shape real neighborhoods.  Having that front row seat to all of the new development and watching Pittsburgh reinvent itself and enjoying its time in the spotlight as an up-and-coming world-class city has been very exciting.  Joining the team at JLL was the best decision for me professionally, and working for a firm that shares the same pride in Pittsburgh as its residents do makes the work we do even more rewarding.… Read More