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Entries tagged “Real Estate”

Notice 2019-07: Safe Harbor Election for Rental Real Estate Enterprises

Insight Susan F. Klein Susan F. Klein · May 02, 2019
The Internal Revenue Service recently issued a Notice providing a safe harbor election under which a rental real estate enterprise will be treated as satisfying the Section 199A deduction trade or business requirement. Click here to read the insight. Susan F. Klein focuses her practice on tax matters relating to private international

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Rimon’s Juan Zuniga Appointed New Member of the CLA’s International Law Section

News July 10, 2018
International Transactions Partner, Juan Zuniga, was appointed to the CLA (California Lawyers Association) International Law Executive Committee. The CLA is a member-driven, mission-focused organization dedicated to the professional advancement of attorneys practicing in the state of California. The mission of the California

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Basics for Investing in Mexican Real Property

Event
Jun 19, 2018 12:00PM - 1:30PM PST

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Rimon International Transactions Partner, Juan Zuniga, will present at Withers Bergman LLP on the main considerations for investment in real estate in Mexico.   This presentation will be helpful to estate and trust professionals (including but not limited to attorneys, accountants, trust officers, and other providers of ancillary services in the

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The Real Estate Mexico California Meeting

Event
Mar 21, 2018

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Rimon is proud to sponsor "The Real Estate Mexico California Meeting" which will bring together some of the most important real estate investment vehicles, institutional allocators and private wealth investors that are actively investing and developing across California and Mexico. Join more than 300 leading Mexico- and California-based private equity

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Real Estate Can Now be Purchased Through Blockchain

Insight Dror Futter Dror Futter · January 05, 2018
Real estate in California can now be purchased through blockchain. Some organizations are aiming to overcome the complicated processes and fee systems associated with real estate investments and transactions through the use of blockchain technology. This move could force lending and title industries to adapt to this new concept. American

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Rimon Partner Juan Zuniga Named to San Diego’s 2015 Super Lawyers List

News January 22, 2015
San Diego, CA --January 22, 2015 -- Rimon, P.C. is proud to announce that Juan Zuniga has been selected to the 2015 San Diego Super Lawyers list. Mr. Zuniga's practice focuses on international real estate transactions and M&A. His Super Lawyers profile can be viewed here. Super Lawyers, a Thomson Reuters business,

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Rimon represents Catellus Development and co-lead investor in recapitalization and financing of Chileno Bay development in Los Cabos, Mexico

News October 01, 2014
San Diego, CA (October 1, 2014) Rimon partner Juan Zuniga, and associate Angela Gonzales, represented Catellus Development, and its co-lead investor, in the recent recapitalization and financing of the Chileno Bay development in Los Cabos, Mexico.  The $40 Million transaction closed September 10, 2014 and represents a major milestone for

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Obama Administration Approves $1.5 Billion in Foreclosure-Prevention Funding

Insight June 25, 2010

On June 23, the Obama Administration approved $1.5 billion in "Hardest Hit Fund" foreclosure-prevention funding for state Housing Financing Agencies. The funding is meant to support struggling homeowners in Arizona, California, Florida, Michigan, and Nevada.

President Obama established the "Hardest Hit Fund" in February 2010 in order to provide aid to those most affected by the housing downturn. This recent approval will assist struggling homeowners with negative equity through principal reduction, assist some individuals with mortgage payments, facilitate the settlement of second liens, facilitate short sales and/or deeds-in-lieu of foreclosure, and assist in the payment of arrearages.

The full press release from the Department of the Treasury is available here.

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Tenants Beware!

Insight February 23, 2010

Investors and analysts complain that it is difficult to compare the financial positions of two entities with similar leases because financial statements often do not clearly show the effects of operating leases.  They claim that tenants under operating leases get a source of unrecognized financing.

A 2005 Security and Exchange Commission report criticized the accounting treatment of operating leases that permits over a trillion dollars of liabilities to remain “off-balance sheet” and called for the Financial Accounting Standards Board (the “FASB”) to work with the International Accounting Standards Board to revise accounting standards to “transparently and consistently” reflect the underlying economics of leases.  As a result, the FASB has proposed sweeping new real estate accounting standards.  If these changes take place, they will affect current operating leases, not just future transactions, and affect each tenant’s bottom line.

 

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