SoCal Commercial Real Estate Owners, Landlords Breathe Sigh of Relief After Prop. 15’s Defeat

Greenberg Glusker real estate and tax partner, Michael Wiener, provides insights to Spectrum News 1 regarding the potential effect of recent ballot propositions in, "SoCal Commercial Real Estate Owners, Landlords Breathe Sigh of Relief After Prop. 15’s Defeat," published on November 16, 2020.

Excerpt:

With Prop. 15 now defeated, commercial property owners across the state are wiping the sweat off their brow and looking for ways to avoid this kind of measure in the future.

“If this had passed, it would have been devastating to the commercial real estate industry in the state,” said Michael Wiener, a partner at Greenberg Glusker LLP. Wiener represents several commercial property owners. “All of my clients are breathing a sigh of relief. However, they are also aware that this is not the final chapter of the greater Prop. 13 reform.”

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