The IRS has granted tax relief to California residents in the form of an extended tax deadline. In addition to giving you more time to file your taxes, this decision can also have interesting ramifications for 1031 exchanges. Keep reading to learn why. What Is a 1031 Exchange? 1031 exchanges get their name from section…
Even though it still feels like 2023 has just begun, March is already here. With the end of Q1 already in sight, it makes sense to start looking at commercial real estate scenarios for the second half of 2023. Here’s what you need to know. Industrial Although industrial real estate activity is expected to ease…
Whether you are an owner or investor, depreciation is a key topic in commercial real estate. With that in mind, today we take a closer look at curable depreciation (as well as other types of depreciation) in real estate. What Is Curable Depreciation in Commercial Real Estate? In commercial real estate, the term “curable depreciation”…
The Federal Open Market Committee (FOMC) raised its benchmark interest rate by 0.25%, the eighth increase since March 2022. Keep reading to learn more about this move and its impact on Commercial Real Estate. Fed Raises Interest Rates by a Quarter Point On Wednesday, the Federal Reserve announced that it is raising its benchmark interest…
When leasing a commercial property, it is important to distinguish between Usable Square Footage and Rentable Square Footage, two concepts that, while similar, have key differences you should be aware of. What Is Usable Square Footage? Usable Square Footage (or USF) refers to the space a company occupies in a multi-tenant building. Usable Square Footage…
Among other things, Los Angeles is known as the world’s most important movie production hub. The city’s appetite for studio space is such that its effects ripple across many industries, including commercial real estate. LA’s Appetite for Studio Space and Its Impact on Commercial Real Estate According to a report by professional services network Deloitte,…
With warehousing properties and warehousing space in short supply due to a boom in e-commerce, flexible warehousing has gained a new relevance all over the country, but especially in California. Keep reading to learn more about this trend. What Is Flexible Warehousing? Flexible warehousing refers to an arrangement where companies pay a warehousing provider only…
Knowing what aspects to pay attention to while negotiating a commercial lease can be challenging. With that in mind, today we bring you a commercial lease negotiation checklist to help you stay organized. Commercial Lease Negotiation Checklist Every lease negotiation is unique. No two businesses have the same needs and goals, and no two facilities…
California governor Gavin Newsom signed two bills into law (SB 6 and AB 2011) that will allow developers to build multifamily projects on land zoned for commercial real estate uses, such as shuttered shopping malls. “This is a moment on a journey to reconcile the original sin, the original sin of the state of California,…
There are many different types of properties, and understanding what makes them unique is essential to making sense of real estate. With that in mind, in this post, we talk about the different types of real estate and their characteristics. Keep reading to learn more. What Is Real Estate? Simply put, real estate is a…