Green card loophole boon to NY developers

More New York City developers are taking advantage of a program that offers green cards to foreign investors of development projects, according to the Wall Street Journal, as stateside financing remains constricted in the rocky economic climate. The federal program, known as EB-5, grants two-year green cards in exchange for a $500,000 or more investment in a real estate development. The strategy... [Read more]

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Change in Carried Interest Legislation

Congress has proposed legislation touted as taxing partnership capital gain allocated to investment managers at ordinary income rates. The “carried interest” legislation as drafted is vastly broader, affecting interest holders in many existing partnerships, not just managers of private equity and other investment funds. The legislation would affect small businesses, family partnerships, corporate... [Read more]

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Where is the Commercial Real Estate Crash?

FORTUNE – Investors have spent years dodging disaster in one area of the markets, only to find their investments coming to a bad end elsewhere. However, there is one sector that has been outrunning the grim reaper since 2007, and it’s the last place you’d expect to have survived so long: commercial real estate. For much of 2008 and 2009 CRE was awash in red ink, and yet it hangs... [Read more]

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Reits Providing Healthy Returns

As reported by CNNMoney.com One may be surprised to see that shares of real estate investment trusts, or REITs, are on fire this year. The iShares Dow Jones Real Estate (IYR) exchange-traded fund, which owns about 75 real estate stocks, is up 9% so far in 2010. There are various types of REITs focusing on different types of properties. And REITs across the board are having a good year. Hotel owner... [Read more]

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