James Scherer is an associate attorney in KJK’s Real Estate and Corporate practice groups, with a particular emphasis on commercial sales, acquisitions, and leasing. Jim brings a meticulous and client-centered approach to navigating complex real estate transactions, ensuring successful outcomes for landlords, tenants, developers, and property owners.
A proud graduate of Cleveland State University College of Law, Jim earned a Juris Doctor in 2021 and served as an Articles Editor for the Cleveland State Law Review from 2020-2021. Jim also holds a Bachelor of Arts in Psychology from Cleveland State University, enhancing his ability to understand and empathize with unique client needs and provide tailored legal solutions.
Jim has played an integral role in transformative real estate projects across Cleveland, including the acquisition and historic redevelopment of properties in the Superior Arts District and Ohio City. He has extensive experience handling intricate transactions such as 1031 exchanges, equity-transfer purchases, and the acquisition, leasing, and restructuring of retail shopping centers.
Outside the office, Jim is passionate about exploring America’s urban and natural landscapes by rail, and has completed all but one long-distance Amtrak route in the United States.
As investors increasingly leverage Section 1031 exchanges to defer capital gains taxes, nuanced scenarios involving interest income on exchange proceeds require careful analysis. A critical but often overlooked aspect arises when interest earned on funds held by a...
The intersection of real estate transactions and tax strategy has long been a focal point for investors seeking to optimize returns while minimizing liabilities. Two powerful tools in this arena – the Membership Interest Purchase Agreement (MIPA) and Section 1031...
Since its passage barely over two years ago, the Inflation Reduction Act of 2022 (IRA) has made significant steps forward in promoting energy efficiency within the construction industry. Incentives under the IRA include tax credits for the installation of clean energy...
