The DJC interviewed a number of local real estate professionals in Portland to get their takes on the potential impacts of the new tax law on the commercial real estate industry. While the full effects of the new law won't be felt immediately, investors appear optimistic about the changes. The law includes a 20% deduction for pass-through entities including LLCs, preserves 1031-exchanges, and doubles the bonus for depreciation expenses to 100%. The new cap on the mortgage interest deduction, which is expected to negatively impact home prices in most markets, could result in more all-cash transactions at the high end of the market. Overall, developers and investors are likely to benefit from the new law, while homeowners may not be as lucky.
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