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Can Foreign Investors Do 1031 Exchanges?

Original Article at First American Exchange UNDERSTANDING THE FOREIGN WITHHOLDING RULES Purchasers of real estate from foreign sellers, and escrow agents and closing agents who close those transactions, need to be aware of the federal withholding requirements set out in the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). Under FIRPTA, the buyer…
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For Small Businesses That Have Survived, How to Move Forward …

Like a patient recovering from COVID, small businesses still operating across the country are weakened after the pandemic but have survived. As they try to get back to robust health, their owners are assessing the damage and considering how to forge ahead as the national health emergency recedes. A recent survey of 1,100 small business…
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Bremerton Station development bringing Chipotle, MOD Pizza, grocery store and more

Josh Farley Kitsap Sun EAST BREMERTON — A new grocery store and three chain restaurants are planned for a longtime Wheaton Way shopping complex being rebranded as Bremerton Station. MAJ Development Corporation, of Vancouver, Wash., purchased the complex and its parking lots, at Wheaton's intersection with Riddell Road, in December for $12.5 million, according to…
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More Real Estate Trends to Watch in 2022

The number of single-family rental units being built is on the rise. RCLCO estimates that single-family rental homes now represent about 5.1 percent of all new single-family home construction, up from 3.5 percent in the 2000s. (Rogelio V. Solis/AP) By Ilyce Glink and Samuel J. Tamkin January 19, 2022 at 6:00 a.m. EST Our last column covered…
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