Monday, July 24, 2023
Property valuations are lagging behind true replacement costs due to labor shortages and supply chain disruptions resulting from the pandemic and inflationary pressures. As a result, underwriters are scrutinizing reported values and making frequent indexed valuation adjustments to protect against under-valuation.
Monday, July 17, 2023
The Internal Revenue Service (IRS), Department of Labor (DOL), and Department of Human Services (HHS) [collectively, “the Departments”] have released guidance regarding the requirement for employer sponsored health plans and health insurance carriers to submit an attestation of compliance with the gag clause prohibitions contained in The Consolidated Appropriations Act (CAA), 2021.
Wednesday, July 5, 2023
U.S. commercial real estate investment activity is slowing as the nation’s economy slips toward a possible recession. Deal volume will decline 15% this year. In a CBRE survey, 60% of investors indicated they would reduce purchases in 2023, most by more than 10%, while only 15% of respondents stated they would increase their activity.