President Biden called on Congress to make tax code changes that could hurt commercial real estate investors’ pockets. But the code changes detailed in The American Families Plan could also result in fundamental shifts in how real estate is bought, sold and developed. One of the major themes of Biden’s campaign as well as his first 100 days in office has been equity. Instead of raising taxes on...
VERNON, CALIF. — Gautier Land Co. has completed the disposition an industrial portfolio located in the Los Angeles County submarket of Vernon. The six buildings offer a total of 464,415 square feet of industrial space. Rexford Industrial Realty acquired the asset for $93.8 million. The buildings are fully leased to a variety of tenants and feature 20-foot to 30-foot clear heights and extensive...
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