IRS Looks at QRS
Stefan F. Tucker of Venable, Baetjer, Howard & Civilett; in Washington, DC presented testimony on behalf of the National Association of Real Estate Investment Trusts (NAREIT) and The Real Estate Roundtable to the Internal Revenue Service and Treasury Department on August 8. The testimony proposed regulations that address tax-free reorganizations involving disregarded entities, including qualified REIT subsidiaries (QRS). [November/December, 2000]

Change of Plans
Mack-Cali Reality Corp. and Prentiss Properties have announced that they have terminated their $976 million-in-stock agreement in which Mack would have acquired Prentiss. The decision to end the acquisition comes after a strategic review by Donaldson Lufkin & Jenrette, Inc. [November/December, 2000]

Survey Says
A new survey observes that most REITs plan to take a conservative approach to financing and growing their businesses in the coming years. [November/December, 2000]

Left Out in the Cold?
Mayor Richard Daley of Chicago wants to update the city's 43-year-old zoning codes but leave developers out of the decision-making process. [November/December, 2000]

East Asian Real Estate Gets Thumbs-Up
A new report from Moody's Investors Service is good news for East Asian real estate development and management companies. The report states that real estate will remain a stable part of East Asian economies despite the recent Asian financial crisis. [November/December, 2000]

Affordable Housing Shortage to Worsen
Researchers at Lend Lease Real Estate Investments, one of the nation's largest real estate investment organizations, say a decline in low-cost housing availability, along with overall rent inflation, is preventing many low- and moderate-income households from participating in today's booming U.S. economy. [November/December, 2000]