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Monthly Archives: October 2018

New IRS Audit Rules Come to California Partnerships

October 3, 2018 CGS3 IRS

Earlier this summer, the IRS finalized its rules on partnership audits (which became effective January 1, 2018), and on September 23rd, Governor Brown signed SB 274 conforming California state law with the federal rules. As a consequence, many existing partnerships and limited liability companies (LLCs) are bracing themselves for what […]

CGS3 Represents RAF Pacifica Group in $170 Million Sale of 12-Property Industrial Portfolio

October 2, 2018 CGS3 News Release

SAN DIEGO (October 2, 2018) – Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) – representing RAF Pacifica Group, a San Diego-based owner, operator and developer of high-quality commercial real estate – has closed a portion of the $170-million portfolio sale of 12 Class A industrial assets located throughout San Diego and Riverside Counties. The closing involved 11 of the 12 Class A industrial assets, with the final property closing upon completion of the construction of improvements. The buyer, a private investment company, was undisclosed.