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☆ How to Donate to Charity, Get a Tax Break and Have Income for Life
▼ + stars: | 2023-12-01 | by ( Laura Saunders | ) www.wsj.com time to read: 1 min

Illustration: Jarred BriggsTax breaks for charitable donations come in many flavors, and this year Congress has a new one for seniors called an IRA charitable gift annuity. It allows older owners of traditional IRAs to donate account funds to a charity and get tax breaks plus income payments for life. Brian and Deborah Smith of Park City, Utah, plan to try this option next year. That’s when Deborah Smith turns 73 and has to begin required withdrawals from her traditional IRA. She will donate $53,000 of her $550,000 account to the Episcopal church where the couple is active and Deborah serves on the board.

Persons: Jarred, Brian, Deborah Smith, That’s, Deborah Organizations: Episcopal Locations: Park City , Utah

☆ A Narrator Locked in Silence, Who Finds Solace in an Ancient Language
▼ + stars: | 2023-04-18 | by ( Idra Novey | ) www.nytimes.com time to read: +3 min

This is a novel, above all, for readers drawn to considering language itself as a source of self-revelation. To my ear, with no knowledge of Korean, the collaboration did not noticeably alter the cadence of Han’s voice in English. Yet something about that voice seems less certain in this book, less trusting of its ability to convey subtext. Ample evidence emerges in this novel of the psychologically messier, more complex books Han is known for in the English-speaking world. In addition to her incisive writing about bodily responses to language, “Greek Lessons” contains some exceptionally poignant scenes about a mother’s growing estrangement from her child.

☆ Converting empty office buildings into apartments sounds like a no-brainer, but big landlords are resisting for one big reason
▼ + stars: | 2023-02-23 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +7 min

Three experts tell Insider office prices need to fall before conversions are commonplace. But for these plans to be successful, the world of real estate must address the elephant in the room: Office buildings are simply too expensive. Moody's laid out some basic math: In 2021, the average New York apartment building traded at $434 a square foot. Now in the US, he's up to the same business but not yet with the vacant office buildings that dot the downtowns of large metropolises. Among them is an older, 130,000-square-foot St. Louis office building, which represents some of the city's most outdated stock, Rubin told Insider.

☆ Blackstone, Apollo brace for deteriorating commercial real estate market that one analyst says could lose 30% of its value
▼ + stars: | 2022-09-29 | by ( Kelsey Neubauer | Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Year-over-year price growth has already slowed for commercial properties, signaling souring outlooks that could reduce values by 20 to 30%, the strategists wrote in a report. Executives at the Bisnow event pointed to high rents on multifamily properties, though growth is softening. Yardi"If this doesn't clear the market, then I don't know what does," Marcus said of her multifamily properties, which she described as large and relatively new. Andrew Holm, a cohead of US investments at Ares, the owner of more than $50 billion in commercial real estate, is hunkered down for the long haul, however. At the Bisnow event, he was so bearish on commercial real estate that he struggled to name a single sector that might be attractive over the next six months.

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