WASHINGTON, DC-Republicans are going to take over the Houseof
 Representatives, pick up a number ofgovernorships--which is
 especially significant in are-districting year--but will not likely get
 the Senate.So said Larry Sabato, University of Virginia Center for
Politics director, one of the keynote speakers at the Urban Land
Institute’s annual conference, which is winding downtoday.

Sabato’s track record is exceedingly good, so for all intents we
can skip the debate about last-minute surges anderroneous poll 
numbers and get to the questionGlobeSt.com readers most want to know:
 what will aRepublican surge mean for commercial real estate?
Normally this is a subject of greatest concern in a presidential
election year but the economy is still fraught withuncertainty and
 partisan passions are running higherthan ever. In short, even a 
mid-cycle election will haveimplications for the industry.

The most obvious change will be legislative gridlock, Sabatosaid.
 Many of the winning Republican seats will be heldby so-called Tea Party candidates, who are in no mood tocompromise. There is zero chance 
of Congress passingambitious legislation in the next two years,
 Sabatosaid. “In fact, I doubt we could even see this next Congress
agree on language for a Mother’s Day resolution.”Controversial 
legislation the industry had beendreading, such as carried interest,
 is all but certainto be relegated to the backburner until after the
presidential election.