I am often asked: Anthony, should I sell today, should I lease lease today, what really is the best avenue to take? My short answer always is “it depends.” This is not a cop-out answer but really the truth because there are many variables a property owner needs to consider when confronted with this issue. Let’s look […]
This is a question that keeps circulating among many professionals in the commercial real estate industry, and it is a question that comes up daily with my clients. The short answer is, it depends. Wow, that is really thoughtful, Anthony. The reason it depends is because first off, each sector of commercial real estate (CRE) […]
Due to the COVID-19 crisis, on April 15, 2020, the IRS issued a notice granting relief to taxpayers extending a variety of tax-related deadlines, including those within a 1031 exchange. Consequently, if either the 45-day deadline or the 180-day deadline of your exchange falls between April 1 and July 15, the deadline has been extended to […]
Dear Friends, In 1991, I sold fifteen buildings in the Downtown Los Angeles market. In 1992 I did not sell one! The market had collapsed. The years of the junk bonds and Resolution Trust (RTC) hit the economy like a lightning bolt. Downtown LA saw 90% industrial vacancies, and a devaluation of property values by […]
Dear Friends, Due to COVID-19, last Friday Major Properties made the decision to work remotely from home. This past week we have closed some escrows and also lost a few. Many clients have pressed the pause button, and buyers and sellers have agreed to wait out the current situation. I have been getting many calls about […]
Should everyone be scared and get out of stocks, sell all real estate and prepare for the biggest correction since 1991? Before you go and do something stupid, consider the facts. Since the election of Donald Trump, we have seen some of the most dramatic changes to national policy in many, many years: Deregulation, a […]