News & Analysis as of

Real Estate Market Section 1031 Exchange

DarrowEverett LLP

1031 Exchanges and the Complexities of Seller Financing

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With interest rates nearly the highest they’ve been in decades, but property prices still high, sellers and buyers are looking for ways to finance real estate transactions while also availing themselves of IRC § 1031’s...more

Greenberg Glusker LLP

What do real estate companies and executives need to do to prepare for 2023 and the expected economic slowdown?

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A few of Greenberg Glusker Real Estate Partners answer a key outlook question: What do real estate developers, investors, lenders, owners, and operators need to do to prepare for 2023 and the expected economic slowdown?...more

Whitman Legal Solutions, LLC

Management of an “Accidental” Tenancy-in-Common

When it comes to tenant-in-common real estate (TICs), there are professionally-managed TICs assembled by a sponsor and sold to investors, usually to facilitate section 1031 exchanges. These TICs include a tenant-in-common...more

Kelley Drye & Warren LLP

Real Estate Industry Alerts Tracker - August 2020 Issue #5

Retail Landlords are Offering to Include Pandemic Clauses in New Leases - Retail landlords are offering to include pandemic language in new leases in an attempt to attract and retain tenants. For example, EastBanc, the...more

Kelley Drye & Warren LLP

Real Estate Industry Alerts Tracker - August 2020 Issue #4

California Eviction Moratorium to End on September 1, 2020 - On August 13, 2020, the Judicial Council of California voted to lift the moratorium on evictions and foreclosure filings on September 1st – approximately two...more

Kelley Drye & Warren LLP

Real Estate Industry Alerts Tracker - April 2020 Issue #3

COVID-19 and 1031 Exchanges - Last week, the IRS issued Notice 2020-23 (that updates Notice 2020-18, “Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic”), which appears to extend the...more

Foster Garvey PC

Opportunity Zone Funds – Part II: Due Diligence Required

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As with any investment, due diligence is required. Investing in an Opportunity Zone Fund (“OZF”) is not any different. Historically, we have seen taxpayers go to great lengths to attain tax deferral. In some instances, the...more

Stoel Rives -  Ahead of Schedule

Avoiding Development Disasters: Land Inventory and 1031 Exchanges

The ability to defer taxes through a 1031 Exchange can make or break a real estate transaction. But federal tax law does not treat all real estate owners equally. Under IRC Section 1031(a)(2), real property held “primarily...more

Foster Garvey PC

Decoding the Tax Cuts and Jobs Act – Part II: IRC § 1031 and Tax Deferred Exchanges Take a Haircut

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BACKGROUND - On February 21, 2014, then House Ways and Means Committee Chairman Dave Camp (R-Michigan) issued a discussion draft of the “Tax Reform Act of 2014.” The proposed legislation spanned almost 1,000 pages and...more

Schwabe, Williamson & Wyatt PC

Tax Reform: What Does the Tax Cuts and Jobs Act Mean for the Real Estate and Construction Industry?

The Tax Cuts and Jobs Act of 2017 (the “Act”) was signed into law by President Donald Trump on December 22, 2017. The Act changes many provisions of the Internal Revenue Code, from individual and business provisions, to...more

Manatt, Phelps & Phillips, LLP

Real Estate and Land Use - New Trump Tax Plan’s Impact on Real Estate

On Wednesday, Dec. 20, 2017, Congress passed a sweeping $1.5 trillion tax reform of the Internal Revenue Code of 1986. Dubbed the “Tax Cuts and Jobs Act,” the bill next heads to the President’s desk to be signed into law,...more

Holland & Knight LLP

West Coast Real Estate Update: December 2016

Holland & Knight LLP on

Unlawful Detainer Appeals Process Creates Uncertainty for Landlords - The California Court of Appeal decided the case of Beach Break Equities, LLC v. Martin Lowell on Nov. 22, 2016, and released it for publication on...more

Greenberg Glusker LLP

Calif. Firms Struggle To Find Exchange Properties Amid Boom

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Bob Baradaran was quoted in an August 10, 2016, article by Law360 reporter Andrew McIntyre about the real estate boom in California (subs. req.) and the impact that boom is having on 1031 like-kind exchanges commonly used to...more

Gerald Nowotny - Law Office of Gerald R....

My “Flippín” House?

Tax Strategies to Reduce Taxation and Build Wealth for House Flippers - Overview - I seem to be perpetually out to lunch. When I step on the scale too, this point is further confirmed. I do not know why I have...more

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