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10 Must Reads for the CRE Industry Today (Feb. 3, 2021)
Commercial Observer looks at anti-money laundering legislation that could impact the commercial real estate industry. Amazon has unveiled the designs for its northern Virginia office headquarters, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
New Law to Curb Money Laundering Has Real Estate Concerned“A new law set to stymie anonymous investments in real estate has industry groups and attorneys worried that the change will chill market activity and unduly burden buyers. Proponents, however, say it’s long overdue. Setting up a limited liability company to purchase real estate anonymously was, until fairly recently, one of the favorite ways for folks up to no good to launder their money to remove the stigma of ill-gotten gains.” ( ....

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