Notice 2020-23 (which updates Notice 2020-18, “Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic”), released on April 9, 2020, provides Taxpayers who are currently engaged in a 1031 exchange some relief from the 45-Day Identification and 180-Day Exchange Period deadlines.
An empty Clovis retail building is going from a Costco to Child Welfare Services.
The Fresno County Board of Supervisors has approved an agreement to lease 380 W. Ashlan Ave., the former home of the Clovis Costco that closed in July 2019 after 29 years in operation.
The county’s rent on the building would start at $186,691 per month for the first year — more than $2.24 million for the entire year. That rate would increase annually to $352,858 a month — more than $4.23 million for the full 12 months in the final year of the 19-year lease agreement.
Fresno County will see an uptick in tax revenue after an increase of property values in almost all major cities.
A new Ace Hardware store is open for business in northeast Fresno, while a date in July has been set to open Clovis’ new Costco store.
All real property is like-kind to other real property. For example, you can trade an apartment building for an office building. To read more about like-kind real estate, click here.
Not if your attorney has provided you any non-exchange related legal services within the two-year period prior to the exchange. Click here to read more about qualified and disqualified parties.
Hobby Lobby has signed a lease to occupy a space in Clovis, and shoppers can expect a fall opening.
The retail craft giant will fill the vacated Toys R Us location at 1425 Shaw Avenue, according to Andy Haussler, economic development director for the City of Clovis, who estimated the opening later this year.
