by CGS3 | Jun 18, 2020 | Coronavirus, COVID-19, Distressed Assets
The growing list of big businesses filing for bankruptcy amid the coronavirus pandemic is likely an early indicator that there will be a surge of distressed real estate workouts, including receivership sales. Some experts are cautiously saying that things will not be...
by CGS3 | Jun 10, 2020 | Coronavirus, COVID-19, Tax
After weeks of confusion, the Small Business Association published the Loan Forgiveness Application, answering many of the questions that arose following the introduction of the Paycheck Protection Program in late March. The new Loan Forgiveness Application provides...
by CGS3 | Jun 4, 2020 | Coronavirus, COVID-19, Tax
Some homeowners and small businesses impacted by the COVID-19 pandemic will receive a highly anticipated property tax relief that delays deadlines and waives penalties until next year. The relief offer by Executive Order N-61-20, issued by California Governor Gavin...
by CGS3 | May 22, 2020 | Coronavirus, COVID-19, Insight Alert, Tax
On May 6, 2020, California Governor Gavin Newsom issued Executive Order N-61-20, which provides relief from property tax penalties for taxes paid after April 10, 2020. The Order also provides that the 10% penalty and interest will not apply for failure to pay a...
by CGS3 | May 20, 2020 | Coronavirus, COVID-19, Tax
Small businesses that benefit from the Paycheck Protection Program could end up having to pay a share of their loan to Uncle Sam in taxes. On April 30, the IRS issued Notice 2020-32, which states that expenses paid with the forgivable PPP loan proceeds – which would...
by CGS3 | May 15, 2020 | Commercial Leasing, Coronavirus, COVID-19, Management
As communities look to reopen after COVID-19 closures, the workplace will inevitably look different than it did a few short months ago. As a result, landlords and property managers are now faced with considering how their commercial spaces will need look and function...
