Markdowns on Malls
by Lauren Barack Apr 14 2008
With the economy slowing down and consumers buttoning up, commercial real estate heads for a slump.

TAMPA CITY HIGHLIGHTS

IRS issues clarification for 1031 exchanges
The Internal Revenue Service in February issued Revenue Procedure 2008-16 as an attempt to clarify taxpayer uncertainty with respect to "dwelling units" utilized as relinquished and/or replacement property as part of a §1031 exchange. The revenue procedure, which took effect on March 10, provides a safe harbor under which the IRS will not challenge whether a dwelling unit qualifies as "property held for productive use in a trade or business or for investment" for like-kind exchange treatment under §1031.

SE Orlando bucks the trend of slowing housing market
Carmen Olivo Rosario's excitement about the residential real estate market isn't all that common among Realtors in most of Central Florida.
But it's contagious in southeast Orlando.