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1031 Exchange Transactions on the Rise

2012 has seen a noticeable increase in the number of 1031 exchanges. These type of sales all but disappeared during the recession since many investors held onto their properties if they were not in a must-sell situation. With market fundamentals like occupancy, rental rates and absorption improving in office, industrial and retail sectors, more investment sales are occurring in 2012 than at any point in the last 3 years.

A 1031 exchange, or tax-deferred exchange, is a method by which a property owner trades one or more properties for one or more replacement properties of similar quality and price, while deferring the payment of federal income taxes and some state taxes on the transaction. The intent of 1031 exchanges is that no capital gains taxes are paid at the time of sale since the property owner has reinvested the proceeds into another property and not seen the economic gain on anything more than paper.  

Buyers are actively looking to acquire and willing to pay fair market prices for commercial real estate with strong fundamentals; good location, quality construction, market rate rent roll, and stable tenants.  Now is an opportune time for Owners of this type of commercial real estate to consider selling, as there is still a limited supply and increasing buyer demand for property fitting this profile.

Please contact Thornton Oliver Keller's Investment Team at 208.378.4600 if you have any questions.

The Village at Meridian Welcomes New Tenants

If you have driven through Idaho's busiest intersection recently, you have surely noticed that The Village at Meridian is coming together quickly. In the past 6 weeks Big Al's Entertainment Center, Gordman's and Marshall's have opened their doors. Future tenants include the Gap Outlet, Chipotle, Petco, Nike Factory Outlet and Chick-Fil-A. Read the rest of entry »

Commercial Real Estate Review for September

Total office vacancy remained flat at 12.6%, while multi-tenant vacancy increased slightly from 17.7% to 17.8% in August. Read the rest of entry »