Washington Outlook: CAPITAL WRAPUP
Senator Lloyd Bentsen (D-Tex.) may prove a friend in need to the crippled real estate industry. Bentsen, who has long looked after developers' interests, is seeking a way to give investors some tax incentives. Among the possibilities: encouraging pension funds to invest in commercial mortgages and easing restrictions on the deductibility of real estate losses. The big problem remains finding a way to pay for any new breaks.