C ommercial O ffice S potlight NAI GLOBAL
www.marejournal.com NAI Glob l is a leading gl bal commercial real estate services firm with more han 400 brokerage offices and over 7,000 professionals worldwide. The firm manages over 425 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate. The new tax code, combined with an overall air of deregulation coming out of Washington, is going to effectively act as a stimulus to the economy during 2018, despite concerns about rising wage inflation and increased interest rates that should impact businesses that rely on debt – even revolving debt, to run their businesses. Even so, Olshonsky has his concerns. “Changes to the tax code seem to be a double-edge sword for our industry. It’s clear that Wall Street will be a winner, and corporate America. It’s less certain how the tax code changes affect Main Street, however. We know the high-net worth people in our business that live in coastal states like New York, New Jersey and in some of Philadelphia’s, Washington’s and Baltimore’s upscale neighborhoods are going to be hit hard on their personal taxes, with the $10,000 limit on state and local taxes, including prop rty tax. But will that be offset by the ew pass through income tax rate at 20 percent? Will that apply to some of us, most of us, none of us? That’s still not clear,” Olshonsky said. He added that most economist expect the nation’s gross domestic product (GDP) to rise during the year, even potentially reaching 3.5 percent by Labor Day, which should spur real estate investment activity in most business sectors. NAI Global Mid-Atlantic Region Offices City State / Province NAI Emory Hill Real Estate Services, Inc. New Castle DE NAI KLNB Washington, DC NAI KLNB Baltimore MD NAI KLNB Columbia MD NAI Michael Lanham MD NAI Atlantic Coast Realty Toms River NJ NAI DiLeo-Bram & Co. Piscataway NJ NAI Fennelly Associates Hamilton NJ NAI Global Princeton Junction NJ NAI James E. Hanson Hackensack NJ NAI James E. Hanson Parsippany NJ NAI Mertz Mt. Laurel NJ NAI CIR Lemoyne PA NAI Commercial Partners Lancaster PA NAI Geis Realty Group Philadelphia PA NAI Geis Realty Group Wayne PA NAI Keystone Commercial & Wyomissing PA
Mid Atlantic Real Estate Journal — Commercial Office Spotlight — February 23 - March 15, 2018 — 5C
NAI Global offices are leaders in their local markets NAI Global is a leading global commercial real estate services firm with more than 400 brokerage offices and over 7,000 professionals worldwide. The firm manages over 425 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate. The new tax code, combined with an overall air of deregulation coming out of Washing- ton, is going to effectively act as a stimulus to the economy during 2018, despite concerns about rising wage inflation and increased interest rates that should impact businesses that rely on debt – even revolving debt, to run their businesses. Even so, Olshonsky has his concerns. Jay Olshonsky
“Changes to the tax code seem to be a double-edge sword for our industry. It’s clear that Wall Street will be a winner, and corporate America. It’s less certain how the tax code changes affect Main Street, however. We know the high-net worth people in our business that live in coastal states like New York, New Jersey and in some of Philadelphia’s, Washington’s and Baltimore’s upscale neighborhoods are going to be hit hard on their personal taxes, with the $10,000 limit on state and local taxes, including property tax. But will that be offset by the new pass through income tax rate at 20 percent? Will that apply to some of us, most of us, none of us? That’s still not clear,” Olshonsky said. He added that most economist expect the nation’s gross domestic product (GDP) to rise during the year, even potentially reaching 3.5 percent by Labor Day, which should spur real estate investment activity in most business sectors.
Inside: Bill Gladstone Group of NAI CIR. ................................................................................................................ 6C NAI CIR........................................................................................................................................................... 8C NAI Dileo-Bram............................................................................................................................................ 10C NAI Emory Hill............................................................................................................................................. 11C NAI Global...................................................................................................................................................... 9C NAI Summit Management............................................................................................................................. 7C NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
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