TIC Deals, an Affordable Alternative to Condos, Are Increasingly PopularJuly 27, 2020 – Media Mention
Greenberg Glusker real estate partner, Steve Lurie, spoke with the Los Angeles Business Journal to provide insights regarding the use of TICs in commercial properties in the article, "TIC Deals, an Affordable Alternative to Condos, Are Increasingly Popular," published on July 27, 2020.
Steve Lurie, a real estate partner in the firm Greenberg Glusker Fields Claman & Machtinger, said TICs are not that common in the commercial space but were sometimes used in 1031 exchanges to allow owners to trade into different properties.
And like with residential properties, TIC financing can be tougher for commercial sites.
“A co-tenancy does limit the owners from a financing perspective,” Lurie said.