IRS Notice Extends Identification, Exchange Deadlines for 1031 Deals Falling Between April 1 and July 15

Many real estate investors seeking tax deferral in a 1031 exchange, as well as owners contemplating a sale of an investment property in the near future and intending to perform a 1031 exchange, have been anxiously awaiting guidance from the IRS on the impact of the COVID-19 pandemic on the time deadlines in an exchange. On April 9, 2020 the IRS issued Notice 2020-23, which extended many deadlines for real estate investors affected by the COVID-19 outbreak, including Section 1031 exchange …

‘Titleman’ John Lotardo Says Buyers, Sellers Seek Solutions to Obstacles for Closings During Time of Pandemic

Closing deals in the current environment — or even getting them to progress — has been challenging for the past few weeks. Municipalities are struggling to keep up with volume, and online notarization is present in some states but not others. Western Real Estate Business recently spoke with John Lotardo, senior vice president and director of operations for Commonwealth National Title Insurance Co. based in Arizona. Lotardo, also known as the Titleman, spoke to WREB about how commercial …

Free Returns: How Reverse Logistics Impacts Industrial Real Estate

The industrial sector has been the preferred asset class of commercial real estate in recent years. "The rate of return for industrial real estate has been higher than that of any other class for nearly half a decade," says Jeff Rinkov, CEO of Lee & Associates. These rates of return are the result of permanent changes in consumer behavior and preferences — and recent events are driving more rapid changes in consumers’ e-commerce shopping. [caption id="attachment_258636" …

JLL: Coronavirus Is Impacting Retail Supply Chains

With the stock market dropping to lows unprecedented since the Great Recession on Monday and the World Health Organization (WHO) declaring the outbreak of COVID-19 a pandemic, concerns are now rising regarding coronavirus’ long-term impact on domestic investments. But will the disease have any impact on brick-and-mortar retail? According to a research report from JLL, while retail supply chains have already been affected, the health of retail as whole depends heavily on how long the …

Industry Survey Participants Expect Rush of Transaction Activity Ahead of Presidential Election

CARLSBAD, CALIF. — Commercial real estate investors, brokers and lenders are expecting a surge of activity in the first half of 2020, according to the 2020 RCM LightBox Investor Sentiment Report. Participants of the survey noted the intersection of strong market fundamentals, ample investor capital and the potential for increasing headwinds generated by a slowing economy, the impending presidential election and other factors. The report is sponsored by RCM Lightbox, a commercial real …

Entertainment-Based Retail Requires Patience, Creativity, Say EEE Panelists

LOS ANGELES — In today’s retail environment, adding local food and beverage concepts, entertainment venues and landscaped parks seems like a surefire way to revitalize a dated shopping center. A trickier task is determining how exactly these nontraditional concepts boost the bottom line. A panel of retail owners and service providers weighed in on this topic at France Media's sixth annual Entertainment Experience Evolution conference at the JW Marriott L.A. Live in Los Angeles last …

Generation Z Renters Reshaping Student Housing Market

With some of the oldest members of Generation Z coming onto the rental scene seeking out their first college and post-college apartments, developers and property owners must start paying closer attention to this new audience. While Gen Z and millennials have quite a bit in common, they also differ in some fundamental aspects and demand different standards of living in residential spaces. Just when owners and property managers are finding their footing with millennials, Gen Z will reshape the …

Priced Out: Adding Affordable Units to Student Housing

Student loan figures indicate a growing affordability problem in higher education. The Federal Reserve reports that student loan debt in the United States is almost $1.6 trillion today, with 42 percent of people who attended college — which represents 30 percent of all adults — incurring at least some debt from their education.  With a focus on technology-based degree programs, the cost to attend college is rising. But it’s not just tuition that’s going up. According to College …

Vegas Multifamily Renters Want Higher End Properties, Need More Affordable Options, Say InterFace Panelists

The Las Vegas Valley’s multifamily market is at an interesting crossroads, according to panelists at InterFace Las Vegas Multifamily. Hosted by InterFace Conference Group and Western Real Estate Business, the half-day conference was held April 24 at the Four Seasons Hotel in Las Vegas. The metro area’s population is growing at a rapid pace, with a net migration of 45,000 new residents in 2018, according to research from Marcus & Millichap. This is the largest annual total for Las …

‘Mature’ Las Vegas Industrial Market a Safe Bet for Investors, Say InterFace Panelists

A stable economy, lower unemployment rate and diversification of industries are bringing more overall investment activity to Southern Nevada’s industrial real estate scene, noted panelists at InterFace Las Vegas Industrial. Hosted by InterFace Conference Group and Western Real Estate Business, the half-day conference was held April 24 at the Four Seasons Hotel in Las Vegas. Using the terms “investment” and “Las Vegas” in the same sentence can cause many veteran decision-makers to …

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