Ear to the Ground
Ear to the Ground
Our attorney contributors share relevant and timely insight into real estate, energy law, water law, and environmental issues.
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Section 1031: What is Real Property? Four Things You Should Know From the New Final Regulations

Effective December 2, 2020, the IRS issued its Final Regulations (the “Final Regs”) clarifying what is real property under Section 1031 of the Internal Revenue Code.
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Property Owners, Don’t Get Stuck Double-Paying for Janitorial Services

Imagine you are a property owner or manager over any number of properties. You hire various service providers to perform services such as landscaping, security, cleaning, etc.
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IRS Proposes New 1031 Regulations – Sculptures Are Real Property, Walls Are Not

The IRS issued Proposed Regulation 117589-18 on June 11, 2020 (the “Proposed Regs”), in response to legislative changes applicable to like-kind exchange transactions (“1031s”). The Proposed Regs address transactions involving both real property and…
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Top Three Investor-Friendly Rules from the Newest IRS Opportunity Zone Notice

The IRS issued Notice 2020-39 on June 5, 2020 in response to the COVID-19 pandemic, which extended several deadlines applicable to Opportunity Zone investments.
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COVID-19 Relief for 1031 Exchanges: Deadlines Moved to July 15, 2020

On April 9th, the IRS released Notice 2020-23. The Notice pertains to Section 1031 like-kind exchanges to defer capital gains tax on the sale of real property. Under the Notice, the 45-day identification deadlines and 180-day exchange deadlines that…
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Urban Growth Boundary Expansions on the Rise

Metro Council, the governing body charged with managing the Portland metro area urban growth boundary, is at it again. As a follow-on to David Petersen’s April 20 blog regarding the UGB, I’m here to report that Metro Council has been busy considering…
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The Sparkle of Gresham's Enterprise Zone Attracts New Diamond Factory

Element Six, a manufacturer of synthetic diamonds, recently announced a new factory in Gresham, Oregon. It will spend $94 million over four years to build its new 60,000 square foot factory and will eventually employ approximately 60 people. Element…
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There's an Essential Oil for That

Portlanders are familiar with the panoply of ailments that essential oils can solve — from depression to broken legs (okay, maybe not quite) — and commercial real estate spaces have also taken note of the power of scents. The sense of smell can evoke…
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The Fair-Haired Dumbbell Regulation A+ Offering

On the corner of NE MLK and Burnside in Portland, the new Fair-Haired Dumbbell building is nearly complete. The building has garnered attention for its unique architectural design and painting plans. But more important for developers is the way the…
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