Media
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The Real Estate Roundtable Suspends Political Support to Members of Congress Who Objected to Electoral College Certification
The Real Estate Roundtable announced on Tuesday that it “will suspend all political contributions to Members of Congress whose votes attempted to subvert the validly expressed will of the American people in selecting Joe Biden and Kamala Harris as the nation’s next president and vice president...Full story: The Real Estate Roundtable Suspends Political Support to Members of Congress Who Objected to Electoral College Certification -
The Real Estate Roundtable Suspends Political Support to Those Who Objected to Electoral College Certification
The Real Estate Roundtable last week strongly denounced the planning, acquiescence, and participation in the baseless January 6th attacks on the Capitol and our Republic itself. The images of rioters defiling the Capitol, putting members of Congress and their staff at grave risk of harm, and resulting in the deaths of five people, shock the conscience.Full story: The Real Estate Roundtable Suspends Political Support to Those Who Objected to Electoral College Certification -
Treasury Department Finalizes Regulatory Projects on Carried Interest, Deductibility of Business Interest
Treasury Department officials are working overtime to complete several multi-year tax regulatory projects before handing authority over to the new Biden Administration. These rules largely relate to the implementation of the Trump Administration’s signature legislative accomplishment, the Tax Cuts and Jobs Act of 2017.Full story: Treasury Department Finalizes Regulatory Projects on Carried Interest, Deductibility of Business Interest -
Treasury Launches $25 Billion Emergency Residential Rental Assistance Program Supported by The Roundtable
A $25 multi-billion residential rental assistance program launched on Jan. 5 by the Treasury Department will use funds from the year-end $900 billon coronavirus relief package signed into law by President Trump on Dec. 27.Full story: Treasury Launches $25 Billion Emergency Residential Rental Assistance Program Supported by The Roundtable -
Democratic Control of White House, Senate and House Ushers in New Policymaking Dynamic
The riot at the Capitol building this week occurred during a momentous political power shift in Washington, as Congress certified the Electoral College’s votes confirming the incoming Biden-Harris Administration – and as the Jan. 5 Georgia runoff election determined the ruling party in the Senate.Full story: Democratic Control of White House, Senate and House Ushers in New Policymaking Dynamic -
Mob Storms Capitol as Congress Certifies Electoral College Vote; Roundtable Denounces Violence, Urges Unity
The violent mob attack on the U.S. Capitol building Jan. 6 by pro-Trump supporters as Congress debated the Electoral College’s final votes shook the nation to its core this week, resulting in Democratic leadership calling for a second impeachment proceeding or invocation of the 25th amendment to immediately remove the president, whose term expires on Jan. 20. Real Estate Roundtable President and CEO Jeffrey DeBoer issued the following statement ...Full story: Mob Storms Capitol as Congress Certifies Electoral College Vote; Roundtable Denounces Violence, Urges Unity -
The Real Estate Roundtable Denounces Mob Attack On Capitol, Calls for Unity
The Real Estate Roundtable strongly denounces the armed violent protestors, and their baseless election claims, who stormed the U.S. Capitol this week.Full story: The Real Estate Roundtable Denounces Mob Attack On Capitol, Calls for Unity -
Congress Passes Pandemic Relief Aid and FY’2021 Funding in Overwhelmingly Bipartisan Fashion; “Omnibus” Includes Important Measures for CRE
Congress passed a multi-trillion “omnibus” bill Dec. 21 that provides approximately $900 billion in coronavirus relief, as well as $1.4 trillion to fund government operations through Sept. 30...Full story: Congress Passes Pandemic Relief Aid and FY’2021 Funding in Overwhelmingly Bipartisan Fashion; “Omnibus” Includes Important Measures for CRE -
Congress Struggles to Complete COVID-19 Aid Package for Inclusion in Multi-Trillion Omnibus Funding Bill
Congressional leaders will work through the weekend in an effort to reach agreement on an omnibus bill that would attach approximately $900 billion in coronavirus relief to a $1.4 trillion bill to fund the government until Oct. 1, 2021 – the final piece of legislation in the lame-duck session. Another short-term stopgap measure needs to be passed before midnight tonight to extend current funding, prevent a partial government shutdown and allow more time for Congress to complete the omnibus negotiations...Full story: Congress Struggles to Complete COVID-19 Aid Package for Inclusion in Multi-Trillion Omnibus Funding Bill -
Government Funding Deadline Extended to Dec. 18 as Pandemic Relief Package Proposals Face “COVID Cliff”
Congress this week extended government funding until Dec. 18 to avert a government shutdown and give bipartisan negotiators more time to finalize a pandemic relief bill, which remains at an impasse over business liability and state and local government aid provisions. President Trump is expected to approve the one-week spending bill before current funding expires tomorrow.Full story: Government Funding Deadline Extended to Dec. 18 as Pandemic Relief Package Proposals Face “COVID Cliff” -
Policymakers Face Government Funding Deadline as Talks Renew on Pandemic Relief
House Speaker Nancy Pelosi (D-CA) today said that Senate Majority Leader Mitch McConnell (R-KY) agreed to aim for combining a pandemic relief package with government funding legislation in an “omnibus” bill that would prevent a partial shutdown later this month.Full story: Policymakers Face Government Funding Deadline as Talks Renew on Pandemic Relief -
Regulators Urge Banks to Cease Use of LIBOR for New Contracts by End of 2021 as Benchmark Rate is Scheduled to Sunset on Legacy Contracts in June 2023
US and UK regulators are urging banks using the London Interbank Offered Rate (LIBOR) as a benchmark interest rate to stop writing new LIBOR contracts by the end of 2021, while most legacy contracts will be able to mature before use of the rate sunsets in June 2023.Full story: Regulators Urge Banks to Cease Use of LIBOR for New Contracts by End of 2021 as Benchmark Rate is Scheduled to Sunset on Legacy Contracts in June 2023 -
Roundtable’s Q4 Sentiment Index Shows CRE Execs Optimistic Despite Serious Market Challenges; Walker Webcast Focuses on the Future of Urban Real Estate
Commercial real estate executives expressed a modest increase in optimism about market conditions despite serious COVID-related challenges, according to The Real Estate Roundtable’s Q4 Economic Sentiment Index released this week.Full story: Roundtable’s Q4 Sentiment Index Shows CRE Execs Optimistic Despite Serious Market Challenges; Walker Webcast Focuses on the Future of Urban Real Estate -
Commercial Real Estate Executives Optimistic Despite Serious Current Market Challenges
A quarterly survey of commercial real estate industry leaders reflects future optimism, despite ongoing serious COVID-related market challenges. Sentiment is somewhat bouyed by positive supply, demand and capital access, as well as hopeful expectations for a vaccine.Full story: Commercial Real Estate Executives Optimistic Despite Serious Current Market Challenges -
Treasury Requests Cessation of Several Fed Emergency Lending Programs and Return of Unused Funds; Senate Republicans Want Funds Repurposed for Pandemic Relief
Treasury Secretary Steven Mnuchin sent a letter to Federal Reserve Chairman Jay Powell yesterday requesting that five emergency lending facilities, including the Main Street Lending Program (MSLP), should not be extended past their scheduled expiration on December 31, 2020. Mnuchin also requested the Fed to return unused Treasury loan funds from the programs for Congress to re-appropriate.Full story: Treasury Requests Cessation of Several Fed Emergency Lending Programs and Return of Unused Funds; Senate Republicans Want Funds Repurposed for Pandemic Relief