IRS provides guidance on real estate deals disrupted by the coronavirus
Ben van der Meer • April 13, 2020
Their timelines for deals derailed by the COVID-19 pandemic, real estate investors got some guidelines from the IRS on moving forward.
According to a loan report from Bloomberg, the Roseville Galleria's $275 million loan from June 2012 is set to mature June 1.
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Sixty-two acres of undeveloped property in Sacramento County are on the market, but you'd better have a boat if you want to see it.
The end of 2021 and the $33 million sale of South Lake Tahoe retail developments Chateau and Zalanta also marked the end of a long journey for a project literally on the border between California and Nevada.
A wave of distress, though delayed, should show up in the next two to three years.
Retail project The Village at South Lake Tahoe has seen good and bad times during its decade-plus in development, but its location has never wavered as perhaps its best asset.
Plans were approved, sales documents drawn up, and then the Covid-19 pandemic made the buyer walk away in April from a deal to acquire 200 S. Harding Blvd. in Roseville.
