Submarkets such as the Galleria remain attractive to investors and lenders due to the desire to place capital in Houston and the quality asset of the Hyatt Galleria drew heavy lender interest for the refinance.

This discipline is extending to multiple sectors and from investors, according to Ryan Kratz of Colliers International.

State and local governments will likely play a significant role in both identifying and supporting Opportunity Zone Fund projects.

The new real property transfer tax called “NYC for All,” if enacted, would treat all residential transactions equally, regardless of how a home is purchased, by implementing a single progressive real property transfer tax that rises as the price of the property rises.