Monthly Archives: April 2012

What Now? The Demise of the CRA in California

by Russell E. Morse, Truman & Elliott LLP The California Supreme Court’s recent decision in California Redevelopment Association v. Matosantos served as the final death knell for redevelopment agencies inCalifornia.  In the landmark decision, the Supreme Court upheld as constitutional the state law dissolving municipal redevelopment agencies, but rejected the companion law, which allowed municipal redevelopment agencies to stay open if the cities/counties in which they existed agreed to make certain payments benefiting the state’s schools and special districts. Redevelopment agencies are semi-autonomous creations of the state with the intended … Read More

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Market Update

By Brad Keyes, Principal, HK Capital Investments, LLC It seems like bricks and mortars are back on everyone’s minds these days, and for a change, signs are trending positive.  The reason for this is that certain real estate sectors are seeing improved fundamentals, with multifamily housing leading the way.  Vacancy rates are falling as reductions in unemployment have led to increased demand for space and rent increases across the board.  Let’s dive into the numbers from the National Association of Realtors® quarterly Commercial Real Estate Forecast. Office Markets Vacancy rates … Read More

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Navigating an Uncertain Tax Landscape

by Justin Gugajew, Tax Manager, Moss Adams LLP Given the spotlight that has been cast on the national debt lately, very few believe there will not be sweeping government reform, whether through tax increases, spending cuts, or both.  Even if Congress fails to reach a deal to help balance the budget, many current tax incentives would expire after 2012.  In addition, absent new legislation, starting in 2013 we will see several rate increases, including: A jump in the highest marginal federal tax rate, from 35 percent to 39.6 percent A … Read More

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