OZ vs. 1031, Part 1: You are about to sell a capital asset and trying to figure out whether a 1031 exchange or an Opportunity Zone (OZ) investment is the right way to go.1 That depends on a variety of circumstances special to your situation, status, and goals. The devil (and the angel too) is in the details. Here are some things to consider.Uniondale, NY
Kathleen Deegan Dickson, a partner in the law firm of Forchelli Deegan Terrana LLP, has been selected as a recipient of the inaugural Premier Business Women of Long Island award. Manhattan, NY
CREWNY (Commercial Real Estate Women New York) brought together a panel of women to its “Powerful Women Luncheon,” on March 5th at Club 101.
Uncasville, CT On Tuesday, March 5th, Douglas Elliman Real Estate celebrated its agents from around the country at its annual awards ceremony, The Ellies. Top performers from New York City, including Manhattan and Brooklyn, were among the honorees at this year’s event held at Mohegan Sun.
Dealing with leaks and how to determine responsibility for it can be a major headache. The best thing anyone can do is to be certain they have insurance coverage in place. Anyone renting out their condominium unit or co-op apartment should have their own insurance, as well as…
Brentwood, NY Island Associates (IA) completed six leases including:
Terence McMahon of IA handled a 2,320 s/f lease at 1825 Brentwood Rd. The lease is for a base term of 10 years with aggregate rent of over $730,000. Bronx, NY
According to Klosed Properties, the firm has acquired two properties in the Belmont neighborhood.
2333 Beaumont Ave. is a mixed-use 2,000 s/f building, with plans to build 12 apartments, 11,000 s/f ground up. Manhattan, NY
Cronheim Mortgage secured $5 million in financing for 32 East 31st St. The 20-year loan amortizes over a 30-year schedule for the borrower, 32 East 31st Street Corp. Cronheim acted as corresponding agent and servicer for CMFG Life Insurance Co.
New York, NY
On March 21, Avison Young New York and Akerman LLP hosted a panel at the Harvard Club in Manhattan on real estate incentives and how they are often misconstrued by the public. This was particularly true in the case of Amazon looking to build its new headquarters in Long Island City, according to panelists from across the real estate industry. Manhattan, NY
According to Ariel Property Advisors, the company has been nominated for the Real Estate Board of New York's "Most Ingenious Deal Of The Year Award" for its role in the capitalization of the Taystee Building. Ariel is one of only six nominees for the award.