Lawmakers say the new rule could depress home values as residents choose to live elsewhere, thereby making it harder for local governments to raise much-needed revenues of their own.
An Eisner-Amper tax partner talks about the new bill's impact.
The South could become home to some of the nation’s largest cities. Many businesses will flee high-tax states in favor of low-tax states.
Unibail-Rodamco and Westfield executives have been talking on an off about an acquisition for about four years before taking the plunge.
Industry analysts predict the new tax code will strengthen demand in the multifamily sector and spur corporations to put more money into real estate assets and new development.