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CGS3 in the News

New IRS Audit Rules Come to California Partnerships

New IRS Audit Rules Come to California Partnerships

Earlier this summer, the IRS finalized its rules on partnership audits (which became effective January 1, 2018), and on September 23rd, Governor Brown signed SB 274 conforming California state law with the federal rules. As a consequence, many existing partnerships...

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CGS3 Represents RAF Pacifica Group in $170 Million Sale of 12-Property Industrial Portfolio

SAN DIEGO (October 2, 2018) – Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) – representing RAF Pacifica Group, a San Diego-based owner, operator and developer of high-quality commercial real estate – has closed a portion of the $170-million portfolio sale of 12 Class A industrial assets located throughout San Diego and Riverside Counties. The closing involved 11 of the 12 Class A industrial assets, with the final property closing upon completion of the construction of improvements. The buyer, a private investment company, was undisclosed.

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CGS3 Partners Recognized in Legal System’s Preeminent Guide

SAN DIEGO (August 20, 2018) – Crosbie Gliner Schiffman Southard & Swanson, LLP (CGS3) has announced that partner Phillip Jelsma has been selected by his peers as a San Diego “Lawyer of the Year” for Tax Law in the 2019 edition of The Best Lawyers in America, a prestigious national ranking of attorneys selected through an exhaustive annual peer-review process.

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Bonus Depreciation and the New Section 1031

Bonus Depreciation and the New Section 1031

It is no secret that the “Tax Cuts and Jobs Act,” which went into effect January 1st of this year, is the largest tax reform bill in decades. Among the Act’s extensive changes are new rules under Code Section 1031: personal property assets may no longer be exchanged...

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CGS3 Celebrates Five-Year Anniversary

Southern California-Based Firm Leading the New Generation of Law SAN DIEGO – Continuing to affirm its status as one of California's premier commercial real estate law firms, Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) marks five years in business this...

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