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BOMA FLORIDA 2018 Legislative Session Report 

Mercifully, the 2018 Florida legislative session came to an end March 11th in a rare Sunday conclusion. The only remaining bills to be considered were the $87B-2018 budget, and the tax package -- both easily passed each House. The tax package was signed by Governor Scott, as was the $83B state budge...

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BOMA BUZZ June 12, 2018

This week's buzz: Correcting the Drafting Error Involving the Expensing of Qualified Improvement Property Commercial Real Estate Pricing Growth Stagnant As Retail Prices Offset Industrial Gains The Upside and Downside of Telecom Tower Deal The Crown Jewel Of Office Real Estate Is Coming To Ret...

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New Report on Qualified Improvement Property Error 

The drafting error in the U.S. Tax Cuts & Jobs Act that moved leasehold improvement property—as well as restaurant and retail property—from a 15-year depreciation schedule to a 39-year one is getting some much-deserved attention. All three property types were combined into &ldqu...

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BOMA BUZZ June 5, 2018

This week's buzz: • Florida Businesses Should Plan for an Active Hurricane Season• Major Industrial and Retail REITs Among Leaders in Deploying Solar Power• Recent Court Rulings Demonstrate Value of Operating Covenants• Generation X and Their Mark on Commercial Real Estate READ...

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BOMA BUZZ May 29, 2018

This week's buzz: • Crocker Partners Files Lawsuit Against Boca• Downtown Ft. Lauderdale Growth is Promising Despite Cancelled Streetcar Project• Office Landlords Increase Focus on Enhanced Workplace Experience to Retain Tenants• Hurricanes and Property Values: The Impact May Be...

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2021 ICC Building Codes First Round Hearings Results

  The 2021 International Code Council (ICC) code development process kicked off last month with the Committee Action Hearings focusing on building and fire codes. The BOMA International codes team attended the hearings to ensure that the interests of commercial real estate were well represente...

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Tax Reform Error Affects Leasehold Depreciation

Since the U.S. Congress passed historic tax reform late last year, a number of drafting errors and oversights have been discovered in the legislation. Depreciation on qualified leasehold improvements, previously given a permanent 15-year life in 2015, reverted to a 39-year timeline due to an error. ...

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BOMA International Testifies on Energy Incentives

  BOMA International testified before Congress earlier this month on the importance of making permanent and modernizing the Energy Efficient Commercial Building Tax Deduction, commonly referred to as 179D. The U.S. House of Representatives Ways and Means Subcommittee on Tax P...

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President Trump Signs Omnibus Spending Bill

  President Trump Signs Omnibus Spending Bill On Friday, President Trump signed a $1.3 trillion federal spending package. The omnibus spending bill averted a government shutdown and will fund the federal government through September 30. The bill maintains the current funding level for ...

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BOMA International Testifies Before Congress on 179D?

  BOMA International testified before Congress yesterday on the importance of making permanent and modernizing the Energy Efficient Commercial Building Tax Deduction, commonly referred to as 179D. The U.S. House of Representatives Ways and Means Subcommittee on Tax Policy is ...

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