Protected: What is a “like-kind” property within the meaning of Internal Revenue Code (IRC) §1031?
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Senate Bill 4: Streamlining Development for Religious and Higher Education Institutions
By 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, […]
Castaic Studios, LLC v. Wonderland Studios LLC: A Lesson in Careful Contract Drafting – A Licensor’s Failed Effort to Evict a Licensee in Breach of its License Agreement
December 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). […]
Corporate Transparency Act Series: Who is Exempt from the CTA?
By 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 […]
Wading Through Change: The U.S. Supreme Court’s Decision on Wetlands and Its Impacts on California Developers
By 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 […]
Important Alert: New Treasury Notice on Conservation Easements – Take Action to Preserve Your Charitable Deduction
By 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. […]
San Diego Overhauls Residential Tenant Protections
By 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 […]
Four HechtSolberg Attorneys Honored by Super Lawyers for 2023
Three 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 […]
SB 1439 – Campaign Contributions to Local Elected Officials by Real Estate Developers
By 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 […]
FinCEN Corporate Transparency Act Update
By 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 […]