President Biden’s Proposed Tax Law Changes and Real Estate

President Biden is expected to release shortly a 2022 federal budget, which will include the President’s proposed tax law changes. With the Democrats currently controlling both houses of Congress, new proposed tax legislation is anticipated to be introduced by the Biden administration into Congress in the fall of 2021. To facilitate the enactment of [...]

By |2021-05-10T23:22:31+00:00May 10th, 2021|.|Comments Off on President Biden’s Proposed Tax Law Changes and Real Estate

Ports Set Records With February Cargo Volume

The United States’ top port for containerized imports from Asia reported its best February on record as the nation’s economy continues to bounce back from the pandemic. The Port of Los Angeles said it processed 799,315 Twenty-Foot Equivalent Units (TEUs) last month for a 47% jump compared to February 2020 when the world was [...]

By |2021-03-24T15:29:41+00:00March 24th, 2021|.|Comments Off on Ports Set Records With February Cargo Volume

The Political Path to Repeal the 1031 Exchange

Most real estate investors feel strongly that 1031 exchanges remain a target for repeal or limitation. President Joe Biden’s election has renewed the discussion as to whether 1031 tax deferred exchanges are once again in danger of being repealed or modified to limit its tax benefits. Most supporters of 1031 exchanges expound on its [...]

By |2021-03-24T05:16:18+00:00March 16th, 2021|.|Comments Off on The Political Path to Repeal the 1031 Exchange

The Untapped Potential of Sale-Leasebacks

Sale-leasebacks are continuing their meteoric rise in the M&A world, and private equity firms that aren’t yet taking advantage of these arrangements “could be leaving money on the table,” according to a new survey by the Association for Corporate Growth. J.C. Penney is perhaps one of the most prominent examples of a high-profile company [...]

By |2021-02-18T23:31:58+00:00February 18th, 2021|.|Comments Off on The Untapped Potential of Sale-Leasebacks

2020 -> 2021: Southern California Industrial Market Outlook

Market conditions for the Los Angeles industrial market have weakened as a result of the pandemic, like most other markets across the nation and property types in L.A. Market vacancy has visibly risen from its most recent low in late 2019. Average asking rents continue to advance, but the pace of gains has trended [...]

By |2021-01-11T23:26:43+00:00January 7th, 2021|.|Comments Off on 2020 -> 2021: Southern California Industrial Market Outlook

Prop 15, aimed at raising taxes on commercial properties, is dead

Proposition 15, the statewide ballot initiative that would have raised taxes on large commercial property owners, has been defeated. Unofficial results from election night showed voters had rejected the measure. A week into counting, there are likely not enough ballots remaining to change that outcome, the Los Angeles Times reported, citing the Associated Press’ tally. [...]

By |2020-11-16T18:01:03+00:00November 16th, 2020|.|Comments Off on Prop 15, aimed at raising taxes on commercial properties, is dead

Commercial Real Estate Prices Regain Some Ground

Commercial real estate prices showed modest gains in August after sustaining losses in the early months after the U.S. coronavirus outbreak, according to the latest monthly CoStar Commercial Repeat Sale Indices. Even so, both indices show prices remain below pre-pandemic levels. The equal-weighted U.S. Composite Index, which reflects the more numerous but lower-priced property sales typical of [...]

By |2020-11-16T17:45:12+00:00October 6th, 2020|.|0 Comments

1031 Exchanges Are Driving Transaction Volumes

1031 exchange demand is driving the majority of transaction volumes during the pandemic. While some new opportunistic capital has entered the market, the majority of investment demand for CRE assets is coming from 1031 exchange buyers. The activity has not only helped to prop up transaction volumes but has also helped to stabilize pricing [...]

By |2020-10-07T16:52:15+00:00August 31st, 2020|.|Comments Off on 1031 Exchanges Are Driving Transaction Volumes

California Property Tax, Rent Control Ballot Measures Now Have Names and Numbers

California election officials assigned numbers to a dozen statewide initiatives on the November ballot, including the high-profile property tax and rent control measures that are vehemently opposed by the commercial real estate industry and other business groups. Secretary of State Alex Padilla this week presented the newly numbered rent control and split-roll property tax [...]

By |2020-07-09T22:34:26+00:00July 9th, 2020|.|Comments Off on California Property Tax, Rent Control Ballot Measures Now Have Names and Numbers

Dollar Store Demand Takes Off As Investors Seek Safe Havens

Dollar stores have become an investor favorite during the pandemic. These discount chains have historically performed well during economic uncertainty and economic downturns, and as a result, private investors are flocking to opportunities. “You don’t find a lot of corporate tenants that are investment grade with 15-year triple net leases that you can purchase at [...]

By |2020-07-08T16:12:02+00:00June 17th, 2020|.|Comments Off on Dollar Store Demand Takes Off As Investors Seek Safe Havens