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ARTICLE · 28 JULY 2025

The Real Estate Shift: Incentives, Limits & Liability

Greenberg Glusker LLP
Greenberg Glusker LLP
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Greenberg Glusker LLP

Greenberg Glusker LLP

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The real estate industry continues to evolve at a rapid pace.

United StatesReal Estate and Construction
Schuyler M. Moore
Schuyler M. Moore
Kevin Sher
Kevin Sher
Sedina L. Banks
Sedina L. Banks
Brian H. Kang
Brian H. Kang
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The real estate industry continues to evolve at a rapid pace. This article explores four developments impacting real estate today — federal tax incentives, California's regulation of industrial development, PFAS con tamination and trends in real estate finance. For developers, investors, owners and other stakeholders, understanding these changes is essential for managing risk, unlocking capital, and seizing new opportunities.

FEDERAL TAX INCENTIVES

Schuyler "Sky" Moore, Tax Partner at Greenberg Glusker, noted that there are many tax benefits for real estate under the "One Big Beautiful Bill Act," the new tax bill, including:

  1. The extension and expansion of the ability to defer and exclude gain under the Opportunity Zone rules. The Zones will be redrawn every ten years, starting on July 1, 2026. The redrawn Zones will become effec tive at the start of the following calendar year (e.g., in 2027 for the Zones designated on July 1, 2026).

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