To complete a valid and successful 1031 exchange, investors acquiring taxpayer-owned properties need the services of a qualified intermediary (QI), also known as an “exchange facilitator.” During a 1031 exchange, the individual obtaining an investment or business
After discovering my raccoon ravaged garbage pail this morning, it reminded me of another not so fun spring task on the horizon, the legally mandatory Real Property Income & Expense (RPIE). The RPIE is required every year because New York City employs...
We have returned from the national Self Storage Association Spring Conference and valet storage continues their market penetration. Our SVN Storage Realty self storage team just completed a very successful three days of "meet and greet" with...
Over the past 18 years of my commercial real estate career, I have witnessed technology dramatically change the way our industry does business. Real time market data is available at the press of a button, accounting systems are digitized and transparent,
New York, NY On March 15th, the New York Women’s Chamber of Commerce (NYWCC) hosted its annual State of Women in Business breakfast at the Faculty House of Columbia University. Subtitled, “It is all about the money!”
Manhattan, NY Armstrong Teasdale has added partner Steven Tolman to the firm’s financial and real estate services practice group. He has 40 years of experience focusing on construction law and litigation in both the public construction and private
Mineola, NY Friedkin Realty Group has closed on the $150.5 million purchase of two residential complexes.
Friedkin Realty Group bought the five-story, 275-unit apartment complex formerly called…
New York, NY According to Romer Debbas LLP, attorney Steven Kirkpatrick has been named a partner. The firm has also expanded its agency lending practice led by partner Christian Daglieri, Esq. with the recent hiring of two new associates, Christina Nguyen and George Peters.
There is no defined holding period requirement for the property acquired in a 1031 exchange, although the IRS has taken the position that a disposition shortly after the 1031 could invalidate the 1031 transaction because the replacement property is not considered to be held for investment or for use in a trade or business…
New York, NY The Young Men’s/Women’s Real Estate Association (YMWREA) held a members-only luncheon on Tuesday, April 9th. Simon Ziff, president of Ackman-Ziff spoke at the monthly event. The next luncheon is scheduled for May 14th.
Rye Brook, NY According to Houlihan Lawrence (HL), Jeffrey Smith has been named brokerage manager of its East Fishkill office, and added agent Kathryn Kempton to its Bronxville team.