The Atlantic Builders Convention wraps up Wednesday, as the popular conference marks its return to Atlantic City after last year’s cancellation due to the pandemic. Below is part two of our conversation with Jeff Kolakowski, the CEO of the New Jersey Builders Association, and Josh Mann, the association’s board president.
Government & Public Policy
From zoning disputes to the federal tax code, public policy affects the commercial real estate sector far more than you may realize. For industry leaders, government and politics demand constant attention.
Designing carbon neutral warehouses and last mile facilities
The phrase ‘Carbon Neutral’ is the latest climate-based trend we are seeing amongst some of the world’s largest companies, including Amazon, FedEx, Ford and many others. Becoming carbon neutral is the process of a building, or company, achieving net-zero carbon dioxide emissions. Carbon neutrality is achieved by reducing carbon emissions or a combination of offsetting emissions where they would be generated elsewhere.
What you need to know today: the like-kind exchange strategy
A 1031 exchange (like-kind exchange) is one of the most significant tax advantages available to a real estate investor selling a property with large realized gains. By implementing this tax strategy, it is possible to defer tax payments on the sale of an investment property indefinitely. While like-kind exchanges are common, there are still many complexities to navigate. Given some of the proposed legislative changes put forth by the Biden administration and members of Congress, it may make sense to accelerate transactions into the 2021 tax year.
