Peak 1031 Exchange Inc. purchased 80 apartments on 4.99 acres at Westwood Commons, 318 S.W. 15th Ave., Battle Ground, from Westwood Commons for $7,511,544. Jim Bourdin, Real Estate Investment Group, represented the buyer; Steve Mack, Coldwell Banker Commercial Jenkins & Associates, represented the seller. Full Article
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California “Clawback ” In Full Effect, Starting in January 2014
If you own California real estate and are planning on deferring taxes when you sell your investment by purchasing property in another State via a 1031 Exchange, be aware that California will soon be tracking your future real estate transactions to determine if, at some point, you owe California previously deferred State taxes. Read more here.
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