Originally published at lbbusinessjournal.com | By Brandon Richardson With the Federal Reserve increasing interest rates four times so far this year, the local commercial real estate market—including industrial, office and retail—is cooling, with properties sitting vacant longer. Asking rents, however, are still strong as uncertainty remains, according to experts. At the onset of the coronavirus …
Centennial Advisers was able to help a client defer $6-million in capital gains tax with this recent transaction in the city of Cleveland, Texas. Our Opportunity Zone team helped them take advantage of Opportunity Zone tax benefits. After setting up a qualifying OZ-fund with our in-house attorney they financed their fund with the gains from …
The city of Norco may be the latest municipality in SoCal to follow suit with development bans on industrial warehouses. If approved the measure would go into effect immediately, uniting regions like Jurupa Valley, Colton, and Redlands who already have at least a 45-day moratorium on new construction; Norco being one of eight cities to …
Via San Gabriel Valley Tribune Ryan Carter BALDWIN PARK — Supporters on Tuesday, Aug. 17, rallied for a proposed new Los Angeles County agency that aims to bolster affordable and fair housing in the region, echoing other recent calls for such housing that have dotted the San Gabriel Valley. Members of Our Future Coalition — …
Larger properties over 1 million square feet were the bulk of the nation’s Top-100 industrial leases through the first half of 2022. The desirability of the asset type is apparent in pockets of SoCal that are experiencing sub 2.1%, even sub 1% vacancy rates. But also, the rest of the nation is pushing to gain …
Elaine Kim, Investment Adviser, Centennial Advisers Tomorrow, Thursday, August 11, 2022, the California state legislature will vote on SB 679, a bill that would create a dangerous law that will impact California landlords and business owners. The bill seeks to create a “Los Angeles County Affordable Housing Solutions Agency.” The agency would appoint a 21-member …
The vacancy rate for office properties in the southern portion of Tustin is 2.6%, while the overall rate for Orange County is 13.3%. Inventory is very low as under 1.5 million square-feet is available in Tustin specifically. It has been very difficult to gain a foothold in the Tustin office market, driving competitive offers up. …
Senator Majority Leader Chuck Schumer and Senator Joe Manchin introduced the Inflation Reduction Act of 2022 geared toward funding climate initiatives, and lowering the national deficit. In order to achieve this, a series of tax code changes could be underway with ‘carried interest’ being the main target. Carried interest has long been considered a capital …
In February of this year, we were hired by the sellers of a leased industrial building in Santa Ana to perform a 1031-exchange and reposition the equity to do better. The property consists of a 12,070 square foot building on over a 20,000 square foot lot, about 10 minutes from John Wayne Airport (SNA). Immediately …
Article published on July 20 | Andy Hagans | https://altsdb.com/2022/07/justin-white-038/ In an era of high inflation and possible tax hikes, it’s important for HNW investors and their advisors to focus on “triple net returns,” and especially proven ways to mitigate capital gains tax liability. Justin White, managing director at Centennial Advisers, joins the show to …
