This package, which NAR pushed
for, promotes safety measures and
livability programs, and will provide consistency in federal transportation programs
While it is not always ideal to be left waiting until the last minute for bills to pass, in
this case Congress at least gave us a few
items to celebrate. We are pleased that
they heard NAR’s message on leasehold
improvement depreciation and FIRPTA,
and that they approved a long-term transportation package as opposed to another
short term one. When Congress thinks
long-term, it can provide the commercial
real estate market with the confidence and
consistency it needs to continue to grow.
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These three provisions will go
a long way toward providing
stability in the commercial real
foreign investment into U.S.
commercial real estate, and
renovations and new buildings in
the commercial sphere.