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October 26, 2020

The Hidden Probate Real Estate Tax Bomb In Biden's Economic Plan
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Presidential candidate Joe Biden's proposal to tax capital gains on inherited real estate could cost commercial real estate investors millions of dollars and significantly undercut profits.

The Hidden Probate Real Estate Tax Bomb In Biden's Economic Plan

The proposed change would end the process of real estate heirs taking probated property on a stepped-up basis and instead require them to pay capital gains taxes on all appreciation that accrued on the property before their inheritance, according to Erica York, an economist with the Center…

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Gap To Close 350 Stores, Focusing On Exiting Malls

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Shopping malls are a sinking ship, and The Gap Inc. is heading for the lifeboats.The company discussed at a recent shareholders meeting its three-year plan, which includes closing 220 locations of its namesake store, primarily those located at indoor malls,…

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CRE's Next Generation: Witko Group Founder Ericka Witkowski
 

This series asks rising stars in commercial real estate about their thoughts on some of the biggest issues facing the industry, including inequality, climate change and technology.

For a 29-year-old who walked away from a steady job at one of real estate’s biggest companies to start her own boutique firm during the middle of a pandemic, Ericka Witkowski sounds remarkably calm.

“I had a book of business, and I knew I wanted to do things a little differently. It just felt right,” Witkowski told Bisnow via phone. She was getting ready to send out offer letters for her first hires.

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Amid Pandemic, New Grassroots CRE Networks Gather, Celebrate Diversity In Same Virtual Room

For San Diego real estate professional Dustin Sutton, the seeming invisibility of other Black professionals within commercial real estate was plainly visible his entire career. 

“Since I’ve been working in the industry, it’s something I’ve always noticed,” he said. “I haven’t had any Black mentors.”

This summer, Sutton decided to change that. A property management and business development specialist for Meissner Jacquet, he used LinkedIn to launch Black Commercial Real Estate Network, or BCREN, a new professional networking group. Discussing the formation of the organization, it was hard for him to contain his excitement when asked what it represented for him and how it has changed his view of his profession.

“I don’t know if you can hear the smile on my face,” he said.

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