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Opportunity Zones: A useful backup plan for 1031 exchanges - by Daniel Pessar

When real estate investors sell property, they often defer any capital gains using the like-kind, tax deferred exchange, provided for in Internal Revenue Code Section 1031. As explained in the tax regulations:

Asset Enhancement Solutions celebrates extension of Paycheck Protection Program

Uniondale, NY More than a dozen executives from companies that obtained Paycheck Protection Program funds with the help of Asset Enhancement Solutions (AES) shared success stories. They and the AES consultants who helped them spoke on July 3rd about how

Doshi and Mehra of Meridian, with Glasser and Fusco of Marcus & Millichap sell 66-unit Bronx building for $10.25m

Bronx, NY Meridian’s Amit Doshi and Shallini Mehra closed on the sale of 3111 Heath Ave. in the Kingsbridge Heights neighborhood. The six-story elevator building sold for $10.25 million, yielding a capitalization rate of 6.50%, $166 per s/f, $151,500 per unit, and

Hildreth Real Estate Advisors appoints Padway COO

New York, NY Hildreth Real Estate Advisors has appointed Max Padway as chief operating officer to oversee the growth of the Hildreth proprietary database, new business initiatives and manage investor relations.

Eastern Union promotes Lipoff to lead Banking Division

Brooklyn, NY Eastern Union has promoted Jacob Lipoff to lead the company’s newly centralized QTS Banking and Capital Markets Division. Holding the title of executive managing director, he will manage the firm’s full scope of banking relationships. With the creation of this division, this component of the business has now been brought in-house.

REBNY releases market reports illustrating the challenges the city and state face as economic recovery begins

New York, NY The Real Estate Board of New York (REBNY) released two market reports illustrating the challenges the City faces as economic recovery begins. REBNY’s Monthly Investment and Residential Sales Report released showed tax revenue generated from

Filler and Koschitzki of Meridian negotiate $12.4 million in acquisition financing for Iris Holdings Group

Staten Island, NY Meridian Capital Group arranged $12.4 million in financing for the acquisition and rehabilitation of two adjacent multifamily properties on behalf of Iris Holdings Group.

Bestreich Realty Group completes two sales totaling $5.683 million

Brooklyn, NY Bestreich Realty Group (BRG) completed the following: BRG closed the sale of 447 Rogers Ave. for $3.468 million. This mixed-use property consists of six apartments and two stores, priced at $433,561 per unit.

Ira Zlotowitz of Eastern Union is leveraging technology and a client-first attitude to provide top-notch service

New York, NY The New York Real Estate Journal (NYREJ) recently sat down with Ira Zlotowitz, this month’s executive of the month. Zlotowitz is founder and president of Eastern Union.

The implications of COVID-19 on the US office real estate market - by Zain Jaffer

Of the myriad voices speaking to our current situation — those sharing facts, spreading fear, or expressing gratitude — Warren Buffet was one to cut through the chatter. He commented on the