Commercial Real Estate News - Exit1031Exchange

“RESTRICTIVE RULES PASSES STATE ASSEMBLY- EFFECTS LANDLORDS IN CALIFORNIA AB 828”

Bill has been sent to the California Senate

Another California Bill against Landlords More Socialism with Government Control

LEGISLATIVE COUNSEL’S DIGEST AB 1703, as amended, Bloom. Residential real property: sale of rental properties: right of first offer. Existing law establishes various real estate disclosure requirements applicable to the […]

The 1031 exchange market nationally has been like a roller coaster this past spring and summer, plummeting down in April and roaring back up starting in June.

SUMMER 1031 NEWS Courtesy of Asset Preservation Inc. The 1031 exchange market nationally has been like a roller coaster this past spring and summer, plummeting down in April and roaring […]

Prop 15 Split Roll Tax to Skyrocket Taxes on Owners of Commercial and Industrial Properties

COMMERCIAL AND INDUSTRIAL PROPERTY OWNERS COULD BE HIT WITH A HUGE TAX INCREASE TENANTS WILL ALSO BE FINANCIALLY IMPACTED Proposition 15 Split Roll Tax is headed to tje ballot in […]

Today the California Senate Appropriations Committee kept SB 939

Today the California Senate Appropriations Committee kept SB 939 “in suspense,” effectively shutting down the bill from any further action in the Senate. SB 939 would have upended commercial leases […]

CAA urges Legislature to stop bill to reduce rents by 25%

A bill in response to COVID-19 would allow the courts to force rental property owners in California to reduce rents by 25%. The bill, AB 828 by Assemblyman Phil Ting, D-San Francisco, […]

Frustration Mounts Among California Landlords as Eviction Ban Heads to Key Vote

Landords Fear Severe Effects If Senate Advances Bill Letting Tenants End Their Leases California landlords, property owners associations and brokers, including some in Beverly Hills, argue a Senate bill intended […]

California ‘Split-Roll’ Measure That Could Raise Commercial Property Taxes Qualifies for November Ballot

Record Petition Drive to Repeal Key Parts of Proposition 13 Garners More Than 1.1 Million Signatures The California Secretary of State’s Office said a second split-roll tax measure qualified […]

Proposed San Francisco Ballot Measure Would Double Tax Rate for City’s Most Expensive Real Estate Sales

Increased Transfer Tax Proposal Introduced to Help With City’s Coronavirus Recovery A San Francisco supervisor has proposed a new ballot measure that would double the city’s transfer taxes for property […]

IRS Extends Tax Deadlines for Opportunity Zone, 1031 Exchange Investors

Federal Guidance Provides Relief for Buyers, Sellers With Deals Delayed by Cororavirus Pandemic Real estate groups lobbied the U.S. Treasury to extend tax deadlines for certain property sales. (Department of […]

California Office of Tax Appeals Upholds Taxpayer Friendly “Drop and Swap” Case

Legal Alert 2.11.20 On January 28, 2020, the California Office of Tax Appeals (OTA) denied the California Franchise Tax Board’s (FTB) request to rehear In the Matter of the Appeal of […]