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Trump Changes Stuck in Courts and Congress

CHICAGO—Rather than an avalanche of changes to the world of commercial real estate, so far the Trump administration has ended up preserving the status quo.

chi-mexicantruck (2) The Trump tax plan announced on April 26 excludes the proposed 20% Border Adjustment Tax, so a major threat to retail sales is currently not expected to be enacted.

CHICAGO—As reported yesterday in GlobeSt.com, the coming to power of Donald Trump has left the commercial real estate world at times hopeful, and at other times worried. But at this point, it’s not yet clear which direction the administration will take, and the potential impacts vary greatly for different real estate sectors.

Currently, the legislative proposals from the administration seem stuck, Jacques Gordon, global head of research and strategy at Chicago-based LaSalle Investment Management, tells GlobeSt.com. This is most obvious with the proposal to repeal the Affordable Care Act, a concern to the many institutional investors now involved in the healthcare sector.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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