Industry trends/analysis
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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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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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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 […]
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Proposed House Bill Would Address Cancellation of Debt Income for Distressed Commercial Real Estate Owners
Bipartisan legislation (H.R. 5580) was introduced in the House of Representatives earlier this month that would make it easier for commercial real estate borrowers to defer cancellation of debt income from loan modifications or debt workouts. According to Moody’s Analytics, almost $1.4 trillion of commercial mortgages are set to mature in 2023 and 2024. Yahoo! […]
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Beneficial Ownership Information Reporting
Effective January 1, 2024, many closely-held businesses in the United States will be required to report information about their beneficial owners, defined as individuals who ultimately own or control the company, to the Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of the Treasury. Entities subject to BOI reporting include a corporation, limited […]
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IRS Announces Pause to Processing of New Employee Retention Claims Until 2024
Over the past couple of months, the Internal Revenue Service (IRS) has issued multiple warnings, published a generic legal advice memorandum, and even opened their 2023 “Dirty Dozen” article cautioning taxpayers of aggressive Employee Retention Credit (ERC) program schemes. On September 14, 2023, the IRS took a more drastic measure, announcing a temporary moratorium on […]
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Ransomware Surge
In an era defined by digital connectivity, the increase in ransomware attacks has cast a glaring spotlight on the relentless and ever-evolving nature of cyber threats. Ransomware attacks have permeated critical infrastructure and businesses of all sizes. Companies can face not only data loss, but potential exposure of sensitive information, as well as reputational damage. […]
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Disaster Relief for Opportunity Zone Taxpayers in the Southeast
New disaster area declarations provide relief to some opportunity zone taxpayers at a crucial time.