News:
Spotlight Content
Posted: November 24, 2014
Caporrino and Cote of Sovereign Realty discuss existing deals
Name: Frank Caporrino & Clem Cote
Title: Managing Principals
Company/Firm: Sovereign Realty Group
Year Founded: 2012
Years in real estate industry: 12+
Telephone: (516) 340-9696
Email: [email protected] / [email protected]
URL: www.srgcompanies.com
Twitter: Facebook: https://www.facebook.com/SovereignRealtyGroupLLC Real Estate Associations/Affiliations:
In the current economic climate, what kinds of deals are out there and who is the typical buyer? Consumer?
Existing deal types vary between regional markets. Nationally, Sovereign Realty Group has witnessed a great deal of transactional activity shift to the single tenant net lease genre, more commonly known as NNN properties. While the "typical buyer" varies, many are investors who look to complete a 1031 exchange. Those investors are realizing profits from the sale of their shopping centers, multifamily and office buildings, and shifting the funds into properties with little or no management responsibility. Most buyers are seeking properties with long term NNN leases, commonly occupied by nationally recognized banks, fast food chains, pharmacies, and convenience stores.
Sovereign Realty Group specializes in the sale of NNN properties nationwide and is a leading source for the successful completion of 1031 exchanges.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
Quick Hits
.gif)
.jpg)
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
.gif)