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Industry News 

The Tax Bill Is a Clear Boon to the CRE Industry. Will It Prove Too Much of a Good Thing?

In a first major legislative victory for the Republican Party since President Trump took office, the House and Senate have passed the Tax Cuts and Jobs Act. The $1.5 trillion bill marks the first major overhaul of the U.S. tax code since 1986 and is expected to be a great boon for commercial property owners. Industry analysts predict the new tax code will strengthen demand in the multifamily sector and spur corporations to put more money into real estate assets and new development, in addition to preserving or improving most of the existing tax breaks for…

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Did you know? Industry News 

Wichita ranks high in study of cheapest markets to start a business

Everyone who is in Wichita knows it’s fairly cheap to live here, but apparently it’s also pretty economical to start a business here, too. SmartAsset, a New York-based financial technology company, has a new study on cities with the lowest costs to start a company nationally. As a public relations person touting the study wrote, “Wichita ranks in the number four spot!” Only Chattanooga and Knoxville, Tenn., and Greensboro, N.C., rank better. On average, a 1,000-square-foot lease is $14,720 in Wichita. That’s actually a bit cheaper than each of the top-ranking cities…

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Industry News Local Development 

Wichita City Council green lights speculative industrial building program

Wichita city leaders are bringing back a speculative industrial building program. At Tuesday’s meeting, the City Council voted 6-1 to reimplement a program that was first introduced in 2012. The program, which will be a little different than the one that ended in 2014, utilizes industrial revenue bonds to provide a sales tax exemption on construction materials and property tax abatement for perspective businesses. The property tax abatement would last for up to 10 years. Buildings would receive a 95 percent abatement for the first five years and a 50…

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Monday's With Martens Research 

Wichita Core Report 2017 Q3

NAI Martens is pleased to present this year’s third quarter Wichita Core Report. Take a look inside to see the latest trends in the core retail market. Please click below on the publication to view or download.   CLICK HERE:   The Wichita Core Report is the product of the most comprehensive database of commercial real estate information in the Wichita retail submarket. Led by NAI Martens’ Research/GIS Specialist Drew Gannon, the Wichita Core Report database tracks commercial property in Downtown, Old Town, Delano, and the Douglas Design District. For…

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Industry News 

How will the Senate-approved tax bill offer a big break for real estate developers?

After weeks of speculation, President Donald Trump’s tax reform bill passed the Senate 51-49 around 2 a.m. Saturday. The bill, crafted to encourage more investment by U.S. companies and to boost the country’s economic growth, is particularly generous when it comes to commercial real estate developers. The final version of the nearly 500-page tax bill includes last-minute changes such as a larger tax break for pass-through entities, common among real estate developers. The legislation offers a 23% tax deduction for businesses set up as a partnership or entity with a tax burden that transfers to an individual; this deduction used to sit at 17.4%. Much remains unknown…

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Industry News Technology 

4 Ways that Driverless Cars Could Impact the CRE Industry

Companies ranging from the big automakers in Detroit to tech firms in Silicon Valley are pouring research dollars into driverless cars, and this development is projected to completely change the future of commercial real estate. This transition creates opportunities for new investment as well as challenges for existing properties. Demand for parking The biggest effect of driverless cars will be a reduction in demand for parking. As cars become fully autonomous, passengers can be dropped off at their final destination and continue to pick up other passengers or park themselves…

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Industry News Research 

Fed Beige Book: Commercial Real Estate Activity Consistent with Previous Reports

Current Economic Conditions by Federal Reserve District- November 2017 Overall Economic Activity Economic activity continued to increase at a modest to moderate pace in October and mid-November, according to anecdotal reports from contacts across the 12 Federal Reserve Districts. There was a slight improvement in the outlook among contacts in reporting Districts. Pre-holiday reports of consumer spending on retail and autos were mixed but largely flat; still, the outlook for holiday sales was generally optimistic. Many Districts highlighted growth in the transportation sector, although the New York District reported a…

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Monday's With Martens 

Monday’s with Martens 11.27.17

By some estimates, shoppers were spending $1 million per minute at the peak of Black Friday. By the close of business, $5 billion was estimated to have been spent online. Estimates are that Cyber Monday will be even bigger with digital sales of $6.5 billion; signs that the retail experience in the future will be totally different than it is today. Tailored customer experiences and seamless integration of online and brick-and-mortar will be pillars of the retail experience.  The following are some insights into how retailers are preparing for the…

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Industry News 

Three Things CRE Professionals Are Thankful For in 2017

Thanksgiving is right around the corner, and while the commercial real estate industry has experienced its share of challenges this year, it’s also evolving at an unprecedented rate. Change creates opportunity, and from booming industrial markets to the promise of new technologies, CRE professionals have a lot to be thankful for this year. 1. Industrial Just Won’t Stop Growing Last year the industry was thankful for industrial real estate’s explosive growth. Happily, that success only accelerated this year. Colliers International‘s latest report said the U.S. industrial market clocked its 29th…

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