Real estate investors, developers, and REITs are very familiar with the tax-deferred advantages of a 1031 Exchange. However, you may not have considered how the strategy could be beneficial in other ways including, diversifying, moving markets, and increasing income.
Peekskill, NY Earlier this year, the city was selected by the Mid-Hudson Regional Economic Development Council to receive a $10 million award through the states Downtown Revitalization Initiative (DRI).
Manhattan, NY The Chetrit Group, a private real estate development firm, has acquired One Whitehall St., a 21-story glass and steel mixed-use office property, in the Financial District for $181.5 million.
Purchase, NY CBRE closed the sale of 100 Manhattanville Rd., a 68% leased class A office property. Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, David Gavin, Gene Pride and Stuart MacKenzie of
Brooklyn, NY Klosed Properties has acquired 1362 Decatur St. in the Bushwick neighborhood. The property consists of six rent-stabilized residential units, for a total of 5,540 s/f. The property is currently in
Kingston, NY Lisa Menin of Jacobson Properties and Leo Jones of Pyramid Brokerage Co. of Binghamton have completed the sale of the Benedictine Cancer Center for $13.61 million. This is the final remaining
Nanuet, NY Royal Properties, Inc. has completed two leases: ALDI Supermarket at Rockland Center, 43 East Rte. 59 held its grand opening. ALDI transformed a portion of the former Pathmark space into a new 22,000 s/f supermarket.
New Windsor, NY According to governor Andrew Cuomo, construction is beginning on a $17 million expansion of the National Purple Heart Hall of Honor in Orange County. The Hall of Honor is being expanded with
Manhattan, NY Ryan Serhant of Bravo’s “Million Dollar Listing” hosted Jewish National Fund-USA’s latest real estate event at the Ronald Lauder JNF House on the Upper East Side. The sold-out event
Manhattan, NY Jonathan Mechanic, chairman of the Real Estate Department at the law firm Fried Frank, was honored by The Metropolitan Museum of Art during its 24
th annual Real Estate Council Benefit
