Once the ink on a commercial lease for an office building or retail space has dried, it's too late to make adjustments. Commercial leases are important documents that require careful examination and a basic understanding of lease concepts. You want to get the greatest deal for your company, which means before you sign a [...]
The 1031 exchange, a popular tool to create wealth by “deferring” capital gains tax on real estate investments, is on the chopping block in the “American Families Plan” put forward by the Biden Administration earlier this year. If the change is implemented it could have a significant impact on the way small investors participate [...]
November 2020 At the start of this legislative session, the California Legislature seemed primed to pass bills that would have significantly impacted housing production and regulation. However, due to the wide-ranging impacts of COVID-19, many were either dropped or tabled for next year. Still, the Legislature did end up passing several more modest amendments [...]
June 2020 The California legislature has spent the last four years passing sweeping housing bills in an effort to make a dent in the State's severe housing shortage and 2020 may prove no different. Here are the housing bills to watch for the remainder of this legislative session: SB 902 (Weiner) - This bill [...]
April 2020 California landlords are facing a host of issues caused by the Novel Coronavirus, two of which directly impact California's robust fair housing framework: Due to either medical risks or economic conditions, young adults are moving back in with their parents at unprecedented rates. Does a landlord have to allow parent-tenants to add [...]
March 2020 On March 16 Governor Newsom issued Executive Order N-28-20, which provided both guidance and enforcement mechanisms for local municipalities to prevent a possibly rapid increase in evictions and foreclosures arising out of the economic damage caused by of COVID-19. Most importantly, the Executive Order gave authority to California cities and counties to [...]
On March 19, 2020 Governor Gavin Newsom issued an order directing: "all individuals living in the State of California to stay home or at their place of residence except as needed to maintain continuity of operations of the federal critical infrastructure sectors...." The order includes potential misdemeanor penalties for violating the restrictions, and raises [...]
December 2019 Two months ago Governor Newsom signed AB 1482, bringing statewide rent control to California. The new law goes into effect January 1 and includes both a cap on rent increases for existing tenants as well as a “just cause” standard that must be met before a tenant can be evicted. Are any properties [...]
May 2019 Perhaps you’ve invested in an apartment building as a source of retirement income. Maybe you inherited a second home from a relative, and are debating whether renting the property is worth the trouble. No matter the size of your property, or the specifics of your goals or circumstances, the most important thing [...]
Frustrated by disapproval of a conventional bank loan? Annoyed by the lack of creative financing options for your commercial real estate investments? Real estate developers and investors should consider the benefits gained from alternate real estate financing options before pursing their next development. While traditional mortgages remain the most common financing option for commercial real [...]