There are many scenarios when selling income-producing real estate or investment-held property where you may experience a significant, and unexpected, gain (profit) and face a large tax liability that could have been avoided. If you encounter one of the examples below, make sure youHorseheads, NY
Empire Commercial Construction is nearing completion for construction on two Kentucky Fried Chicken locations. Empire is teaming with Kansas-based Davidson Architecture & Engineering Cheektowaga, NY
Tudor Collins Commercial Real Estate have completed the following leases:
According to Patricia Collins and Eric Tudor of Tudor Collins, The Airport International Centre on Sonwil Dr. is continuing aRochester, NY
HREC Investment Advisors completed the sale of the 77-guestroom Hampton Inn Rochester Irondequoit. A regional owner/operator has acquired the property. The sale price was not disclosed.
Cushman & Wakefield|Pyramid Brokerage Co. (CW|Pyramid) has completed the following transactions:
8 Dwight Park Dr.: Bodycote Syracuse Heat Treating Corp purchased a 58,717 s/f industrial manufacturing facility fromPoughkeepsie, NY
Cronheim Mortgage secured financing totaling $13.5 million for the redevelopment of Poughkeepsie Plaza, 2600 South Rd. The borrower wishes to remain anonymous at this time.Rochester, NY
CCIM and the Rochester Area Chapter of NYSCAR will be providing two courses this fall. The classes are vital for anyone wishing to become a CCIM, or for people who are newer to the industryShortsville, NY
According to Cushman & Wakefield | Pyramid Brokerage Co., (C&W|Pyramid) they have closed the sale of 1479 East Ave. The sale price was not disclosed.
According to Governor Andrew Cuomo, improvements at Dunkirk Pier and harborfront have been completed. The project–supported by funding from the Smart Growth Community Fund–provides improvedSyracuse, NY
According to JLL, it has closed the $18 million sale of Crouse Medical Center, which comprises two connected buildings totaling 173,466 s/f of medical office space.