Article submitted by Jack Herrington, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate, LLC
Written by Elizabeth Vincent | January/February 2019
Last year brought several favorable legislative changes for commercial real estate that will carry into 2019, yet there is still cause for concern.
The Economic Growth, Regulatory Relief, and Consumer Protection Act enacted last May provides regulatory relief to small and midsize banks, and includes important clarification on which loans are defined as high volatility commercial real estate acquisition, development, and construction and assigned a heightened risk weight.
In addition to the Dodd-Frank regulatory rollback, the Supreme Court’s Wayfair v. South Dakota Inc. decision brought tax parity to online and brick-and-mortar purchases, which will bring added revenue to state and local governments and potentially incent the development of more brick-and-mortar retail locations.
Jack Herrington joined Saurage Rotenberg Commercial Real Estate, LLC in October, 2016. He has extensive experience in the service industry, prior to beginning his career in real estate. Jack is currently pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
