The Azzi Journal
News & Insight into the Commercial Real Estate Market

1031 Exchanges Are Under Attack

Recent government tax reform discussions have proposed eliminating or sharply curtailing the benefits of 1031 Exchanges.


1031 Exchanges have been in place for decades, helping real estate investors sell properties and reinvest the …

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Lawmakers Propose Change to Ellis Act, Severely Affecting Property Sales

Since 1985, the Ellis Act has helped property owners go out of the rental business. Under this law, property owners frequently evict tenants legally so that they may build new condos or increase rent in …

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UCLA identifies properties at risk if an earthquake hits

As Azzi Advisors reported in November, conversations regarding retrofitting regulations have heated up. Los Angeles Mayor Eric Garcetti has called for an aggressive earthquake safety plan. Now, UCLA has released extensive data that pinpoints …

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New California Regulation Enacted Affecting Commercial Real Estate

In an effort to increase environmental awareness, the state of California is now requiring owners of nonresidential properties of 10,000 square feet or larger to benchmark a building’s energy use. Before selling, leasing, financing or …

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