Commercial Real Estate News - Exit1031Exchange

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

Bill has been sent to the California Senate

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 […]

LA City Councilman Proposes Clampdown on Annual Rent Hikes

Measure Would Tighten Increases Allowed Under City’s Rent Stabilization Law Apartments at the Chelsea Santa Monica in Santa Monica, California, rent for up to $10,000 per month. (CoStar) By Randyl Drummer […]

Split Roll Property Tax

Initiative Targets Business, But Ultimately Harms Economy Perennial demands by government labor unions and advocacy organizations for greater public spending for their priorities inevitably leads to calls for general tax […]

Los Angeles Mayor Endorses Push to Repeal California Property Tax Limits on Businesses

Proponents Say Change to Historic Proposition 13 Protects Some Commercial Property Users Los Angeles Mayor Eric Garcetti has endorsed a partial repeal of California’s Proposition 13 regarding commercial property. (Getty […]

California Governor Signs Statewide Rent Control Into Law

California Gov. Gavin Newsom signs Assembly Bill 1482, which caps housing rents in the state. (California Governor’s Office) California Gov. Gavin Newsom signed one of the nation’s strongest rent control […]