Protected: What is a “like-kind” property within the meaning of Internal Revenue Code (IRC) §1031?
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Read MoreBy Beth AbramsonDecember 7, 2023 California Senate Bill 4 (“SB4”) was signed into law on October 11, 2023 and focuses on streamlining the approval process for affordable housing developments on sites owned by religious institutions and independent higher education institutions even if the site is not zoned for residential purposes. If certain requirements are met,…
Read MoreDecember 1, 2023 Many property owners enter into license agreements to enable others to use some or all of their property, whether on an exclusive or non-exclusive basis. License agreements are permissions to use, often characterized as revocable, and typically personal for the benefit of the licensee (i.e., not assignable, as a lease would be)….
Read MoreBy Sabrina D. JohnsonNovember 9, 2023 As outlined in our previous update, the Corporate Transparency Act (“CTA”) requires many businesses (“Reporting Companies”) to provide information regarding the identities of their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”). FinCEN will begin accepting filings for beneficial ownership reporting starting January 1, 2024 (though, as of…
Read MoreBy Jeremy B. Fancher, Neil S. Hyytinen, & Sabrina D. JohnsonAugust 31, 2023 UPDATED: U.S. agencies issued their amended final rule regarding changes mandated by the Sackett decision. Read more here. Introduction In a highly anticipated decision, the U.S. Supreme Court significantly narrowed federal jurisdiction over wetlands and bodies of water under the Clean Water…
Read MoreBy Jeremy B. FancherJune 1, 2023 We are writing to inform you of a recent development regarding conservation easements that may have a significant impact on your charitable deductions. In order to preserve your charitable deduction from a grant of a conservation easement, you must act to amend your easement deed by July 24, 2023….
Read MoreBy Jeremy B. FancherMay 4, 2023 UPDATE: The Tenant Protection Ordinance was signed into law by Mayor Gloria on May 25th, 2023. The ordinance went into effect on June 24th, 2023. The notice required under this ordinance is due on September 22, 2023. The final language of the ordinance can be found HERE. On April…
Read MoreThree attorneys from HechtSolberg have been selected for the 2023 San Diego Super Lawyers list. Each year, no more than five percent of lawyers in the state are selected by the research team at Super Lawyers to receive this honor. David W. Bagley II was selected to the 2023 San Diego Super Lawyers list within…
Read MoreBy Sabrina D. Johnson & Talon J. PowersFebruary 24, 2023 On September 29, 2022, Governor Newsom signed SB 1439, a bill which will have a profound effect on individuals, companies, and their representatives (including their attorneys, engineers, consultants, architects, and other advisors) in the real estate industry’s ability to make campaign contributions to local officials…
Read MoreBy Sabrina JohnsonJanuary 17, 2023 Companies doing business in the United States should be aware of the new Corporate Transparency Act (“CTA”) passed by Congress. The CTA requires most businesses to provide information regarding the identities of their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”). The CTA regulations have been finalized, and take…
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