October, 2023
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Federal Programs to Assist with Commercial to Residential Conversions
The White House recently released a handbook of available federal resources titled, “Commercial to Residential Conversions.” The guidebook summarizes over 20 available federal programs, loans, grants, guarantees, and tax incentives that are administered by six federal agencies, that can directly finance, or reduce the cost of financing, office-to-multifamily conversions. “The conversion of [commercial] properties to […]
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How You Might Be Impacted By New SEC Rules
The Securities and Exchange Commission (SEC) recently adopted rules and amendments to enhance the regulation of private fund advisers. The reforms are designed to protect investors by increasing the transparency into the operations of their fund investors. The sweeping rule changes are over 600 pages long. Below are a couple of key changes fund advisors […]
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Digital Transformation Journey
The data and technology landscape in commercial real estate continues to shift dramatically. In recent years, more and more real estate companies have started their digital transformation journeys, reshaping the ways that they acquire, sell and manage properties. When you throw in the continuing talent shortage and widening skills gap, which according to BOMA (Building […]
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A Nice Surprise for California Taxpayers and Practitioners on October 16th
Today, the Internal Revenue Service (IRS) further postponed tax deadlines for most California taxpayers (55 of California’s 58 counties, all except Lassen, Modoc and Shasta counties, qualify) from October 16, 2023 to November 16, 2023. While the State of California generally conforms to disaster relief extensions announced by the IRS, final confirmation from the Franchise […]
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Nevada Property Owners, Don’t Roll the Dice with Property Tax Appeals!
Nevada appraises real property annually. Owners are informed of the assessed property values, as determined by the Assessor’s office,1 in writing on or before December 18th. As we have discussed previously on the blog, changes in assessment value are based on market conditions and recent transaction activity. The dramatic shift in interest rates and the […]
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New Life for Opportunity Zone Legislation?
New legislation was introduced that would extend the opportunity zone program to 2028, and make other modifications to the program.
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What to Make of 2Q Commercial Real Estate Loan Data
There is almost $1.4 trillion of commercial mortgages set to mature in 2023 and 2024 and D.C. appears to finally be taking steps to address the concern for potential delinquencies (“Proposed House Bill Would Address Cancellation of Debt Income for Distressed Commercial Real Estate Owners“). S&P Global published commercial real estate loan data from the […]