How much are SoCal real estate players on hook for if billionaire tax passes?
SoCal real estate tycoons including Don Bren, Rick Caruso and Stan Kroenke face massive potential bills if California’s proposed wealth tax on billionaires becomes law. The levy would target unrealized gains and could reshape investment strategies across Los Angeles commercial property. Local developers and investors are closely watching the outcome for its impact on capital deployment and project financing.
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