These are interesting times we are living in to say the least. The entirety of Q2 fell under the cloud of the COVID-19 virus response that slammed the brakes on economic activity around the globe. Both the Orange County and Mid-Counties markets were impacted, but to varying degrees.
A look at the potential cost impact of the proposition to tenants, owner/users and investors, along with how commercial property values are likely to be effected.
The defeat of SB 939 was certainly worthy of celebration, but that’s behind us now and another potentially catastrophic threat looms ahead. And, now it has a number: Proposition 15.
We have published several posts on the topic of capital gains taxes over the last several years. It’s not that we actually like to talk about paying taxes. We don’t. Yet, the issue is front and center in every conversation we have with a client who is evaluating his or her property disposition strategy.
When…that was a close one. On June 18th the commercial real estate industry was spared from suffering the consequences of one of the most poorly conceived pieces of state legislation in our memory. It was called SB 939.