Black and Blue

The new tax legislation is being trumpeted (no pun intended) as the new era of tax reform.  I am afraid that I beg to differ. It is, yet again, another piece of legislation that is being put together with bubble gum and band aids, not dissimilar to the passage of Obama Care, another reform that went awry.

My major problem with the legislation is that it is being drawn along political lines, in other words, along the lines of the red and blue states. The most notable provision will be the elimination of state and local tax deductions, a change that punishes, most notably, New York and California, decidedly blue states. With this change, two of the most important U.S. economies will be exposed to the exodus of high income taxpayers, in other words, top executives, who will flee to low-to-no tax jurisdictions, while still negatively impacting the middle class taxpayer whose taxes will increase without the deductions.

From a recruitment point of view, this change will make it even harder than it already is to attract talent to these and other states that have higher income taxes. The negative and seriously damaging influence of just this change in the “reform” will take years to detect, but when the legislators realize what they have done, it will be too late, as employers will already be black and blue.

Job Listings

PLUM LENDING
Loan Originator
(SAN FRANCISCO, CA)
Position will collect property information, sponsor financial information and work with borrowers and/or their adviors to prepare loan applications; and prepare initial deal review summaries including loan sizing and analysis for presentation to credit. (Sponsored Job)

EXETER PROPERTY GROUP
Financial Analyst/Investor Reporting
(CONSHOHOCKEN, PA)
Financial analyst will support the firm's investment, asset management and investor reporting functions. Analyst will provide analytical and research support to senior team members, and assist decisions related to acquisitions and portfolio management and investor reporting. Analyst will specifically assist with investor reporting for Japanese investors, therefore fluent Japanese (spoken and written word) is a requirement for this position.

THE WILDER COMPANIES
Analyst New Business Development
(BOSTON, MA)
Role will be responsible for researching, identifying and prospecting potential opportunities; providing market research; and maintaining databases for tracking information.

ACORE CAPITAL
Real Estate Analyst
(LOS ANGELES, CA)
ACORE Capital is seeking a financial analyst to join the originations and credit team to assist in originating, underwriting, and performing due diligence on real estate debt transactions.

NORFOLK REDEVELOPMENT AND HOUSING AUTHORITY (NRHA)
Chief Development Officer (CDO)
(NORFOLK, VA)
CDO will provide executive direction to the Development Operations division, coordinating Neighborhood Projects, Neighborhood Programs, Real Estate Services, and Rehabilitation Services department functions. Position will also direct the strategic activities and operations for the Development Operations division.

AMERICAN REALTY ADVISORS
Senior Analyst, Real Estate Research
(LOS ANGELES, CA)
The Senior Analyst, Real Estate Research will be responsible for conducting property markets, capital markets, and macroeconomic data research and analysis. Position will provide research needed to execute ARA's Investments, Investor Relations, Portfolio Management, and Asset Management functions.

IMT Residential
Regional Construction Manager for Renovations
(HOUSTON, TX)
Regional Construction Manager will be responsible for successfully managing multiple interior and exterior capital improvement projects for Texas apartment communities which are currently located in Austin, Dallas and Houston.

WOODMONT PROPERTIES
Construction Project Manager
(BAYONNE, NJ)
Successful candidate will manage and direct the construction activities of a multi-family residential community to meet or exceed established project goals and milestones. In addition, the Project Manager will assure construction performed is cost effective, within budget and schedule, and up to standard.

BERKADIA
Real Estate Analyst
(IRVINE, CA)
Position will support the branch originators with complex commercial mortgage deals and may assist with the marketing of products and services to potential customers and interacting with the borrowers through the underwriting process.

JLL
Associate (Net Lease – Capital Markets)
(CHICAGO, IL)
Primary duties include: business development, marketing, and asset sales with an emphasis on cold calling owners, developers, buyers, and brokers to win new business and execute business from established clients.