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Four ways to use Delaware Statutory Trusts for your 1031 Exchange - by Dwight Kay
Regardless of what economic trends are taking place, Delaware Statutory Trusts provide investors four timeless benefits for their 1031 Exchanges including deferring capital gains taxes, eliminating the headaches of active management (think the three T’s: tenants, toilets, and trash), andBayport Funding provides $7.02 million bridge loan
Brooklyn, NY Bayport Funding has delivered a $7.02 million bridge loan to support the ground-up construction of 1218-1222 Putnam Ave. in Bushwick. Developed by 1222 Putnam Development Inc., this 21-unit, four-story multifamily building will help satisfy the demandCushman & Wakefield and JRT Realty Group lease 3,380 s/f to Shake Shack in Penn Station
Manhattan, NY Cushman & Wakefield and JRT Realty Group arranged a long-term, 3,380 s/f lease with Vornado Realty Trust for Shake Shack in Penn Station, on the corner of 33rd St. and Seventh Ave.OPEN Impact brokers 81,590 s/f for build-to-suit Bold Charter School
Bronx, NY OPEN Impact Real Estate LLC (OPEN) and Transwestern Real Estate Services represented Bold Charter School in a 81,590 s/f transaction for the ground-up construction of a build-to-suit school to be located at 1472 Boston Rd. in the Crotona East Park neighborhood.2023 REBNY Honorees - Elly Pateras - The George M. Brooker Management Executive of the Year Award
Elly Pateras is an executive managing director of Douglas Elliman Property Management. In addition to her responsibilities overseeing the operations of DEPM, Pateras oversees a team of account executives who are responsible for managing over 60 of the finest buildings in New York CityBernstein and Cohen of Besen Partners complete $9.65 million sale of 112 4th Ave.
Manhattan, NY Besen Partners negotiated the sale of 112 4th Ave., a five-story basement 13,969 s/f above grade D2 elevatored loft building located on the west side of 4th Ave. between E 11th and E 12th Ave. in the Union Sq./Greenwich Village neighborhood.
