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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OverallSouthern California’s Industrial sector has been one of the top industrial submarkets for commercial assets. Momentum of the industrial market is due to the increased demand in e-commerce, manufacturing and warehousing to store inventory. As we have seen many changes in various industries due to COVID-19, the industrial sector has continued to retain high occupancy and demand during these...
As we begin to prepare for recovery it is important that we begin to keep employees health and safety in mind as we adjust to the new normal. Below are a few tips for all industrial-related companies as they begin a successful return to work. Prepare Your Buildinga. Review municipal occupation health and safety guidelinesb. Ensure safety of all employees involved in preparing the building with personal...
Can Lessor demand financial statements from Lessee under the AIR CRE Leases? In light of COVID-19 closures, many Lessees are requesting rent relief from their Lessors, in the form of deferral or abatement. Lessors are more curious than ever to understand the financial situation of Lessees. In most cases request of financial statements are only in connection with a sale, finance, or refinance by...
As we all navigate during this difficult time, I am continually trying to find the best ways to assist my clients. I would like to share some of the most effective ways I have been able to assist past clients to be better prepared for the unknown. This week I will be featuring “Sale-Leasebacks”. One of the ways companies raise funds, increase earnings and enhance liquidity is by freeing capital...
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