Monthly Archives: November 2016

Doug Shea – INCO Commercial Featured in the Long Beach Business Journal

INCO Commercial is proud to share its publications from the Long Beach Business Journal featuring Doug Shea.

From the ‘Real Estate / Retail’ quarterly section, INCO Commercial highlights the upward movement, unlike any other markets.  Doug Shea says, “retailers are getting more selective in where they want their businesses located,” and describes Long Beach as “the most underutilized retail city of its size in the nation.”  One project that has been discussed but has yet to overcome countless hurdles is a retail center near the corner of 2nd Street and Pacific Coast Highway.  Another project, which was recently approved, is Burnham USA’s Long Beach Exchange on the corner of Carson Street and Lakewood Boulevard.  Construction is expected to begin by the end of the year on the 26.67-acre vacant lot.  Once completed, the project will include 266,049 feet of retail and restaurant space.

LBBJ Cover Page

Long Beach Business Journal Front Page

Doug Shea

Doug Shea, INCO Principal & Board Member

 

 

 

 

 

 

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Four 1031 Exchange Mistakes People Make

A valid 1031 property exchange is the selling of an investment property with the intention of reinvesting the profits into a new property to defer capital gains taxes. These transactions allow you, the investor, to continue investing in other properties without losing your investment equity to taxes.

These are the four common 1031 Exchange mistakes people make:

  1. Not having enough in depth analysis of the existing property and tenant.
  2. Closing the sale on your property without choosing a qualified intermediary.
  3. Having no plan in place to acquire the  replacement property.
  4. Not being familiar with the 1031 Exchange Time Constraints.

For a free 1031 Exchange guide and for more information, contact Doug Shea, your Tax Deferred Specialist  at 562-773-4000 or email dshea@incocommercial.com

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