CGS3 in the News
LOS ANGELES (March 15, 2019) – Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) – representing buyer Safco Capital Corporation a Los Angeles-based real estate investment firm – has helped close the $25.25 million sale of the retail lot housing Gelson’s Market, a 17,833-square-foot gourmet grocery store in West Hollywood.
SAN DIEGO (March 6, 2019) – Evelyn Heidelberg, a partner with Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3), is featured in The Daily Transcript’s Top Influential Women for 2019, a special supplement which honors the most talented, innovative and influential women in San Diego.
Continuing its regulations on Opportunity Zones, the IRS has issued new revisions to the Qualified Opportunity Fund that focus on penalties for investors who fail to meet the investment standards set forth in Form 8668.
ATLANTA (February 6, 2019) – Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) – representing seller Vintage Capital Group (VCG), a Los Angeles-based real estate investment firm, has helped close the sale of Southlake Mall in Morrow, Georgia, to New York-based CityView Commercial LLC (CVC). The two-story, 100-acre shopping destination is located at 1000 Southlake Circle, just 14 miles south of downtown Atlanta, and boasts more than one million square feet of gross leasable space.
A growing sense of uncertainty in the commercial real estate market is driving up the demand for real-estate related litigation. Market participants say they are worried about the next economic downturn, which has led to a rise in litigation over capital disputes and land use rights. In a recent article with GlobeSt, CGS3 partner Greg Markow discussed the different factors contributing to this trend and how it’s affecting commercial real estate deals.
Read the full article on GlobeSt.com here or on Yahoo Finance here.
The emergence of the Opportunity Zone legislation earlier this year has sparked a mounting interest in the designated areas, which are designed to rejuvenate investment in economically distressed areas while providing significant tax incentives.
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...