Category: Brokerage

What does a qualified intermediary do during a 1031 exchange? What to look for when hiring one? - by Michael Packman

What does a qualified intermediary do during a 1031 exchange? What to look for when hiring one? - by...

April 16, 2019
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
Real Property Income & Expense filing –  The not so fun spring task on the horizon - by Peter Blond

Real Property Income & Expense filing – The not so fun spring task on the horizon - by Peter Blon...

April 16, 2019
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...
Self Storage Association’s Spring Conference: Valet storage industry continues to be a hot topic - by Nick Malagisi

Self Storage Association’s Spring Conference: Valet storage industry continues to be a hot topic -...

April 16, 2019
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...
How technology has changed and continues to change the commercial real estate industry - by Michael Zysman

How technology has changed and continues to change the commercial real estate industry - by Michael ...

April 16, 2019
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,
NYWCC hosts annual State  of Women in Business breakfast

NYWCC hosts annual State of Women in Business breakfast

April 16, 2019
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!”
Tolman joins Armstrong Teasdale as a partner

Tolman joins Armstrong Teasdale as a partner

April 16, 2019
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
Friedkin Realty Group acquires two Long Island multifamily complexes for $150.5 million

Friedkin Realty Group acquires two Long Island multifamily complexes for $150.5 million

April 16, 2019
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…
Romer Debbas names Kirkpatrick a partner, welcomes Nguyen and Peters as new associates

Romer Debbas names Kirkpatrick a partner, welcomes Nguyen and Peters as new associates

April 16, 2019
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.
The Wizard of OZ (that’s “Opportunity Zones”) Part 2 of OZ vs. 1031: Required holding periods - by Dan Flanigan

The Wizard of OZ (that’s “Opportunity Zones”) Part 2 of OZ vs. 1031: Required holding periods ...

April 16, 2019
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…
Ziff of Ackman-Ziff speaks at April YMWREA lunch

Ziff of Ackman-Ziff speaks at April YMWREA lunch

April 16, 2019
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.
Bues, Forchelli and Jones appointed as partners at Forchelli Deegan Terrana LLP

Bues, Forchelli and Jones appointed as partners at Forchelli Deegan Terrana LLP

April 16, 2019
Uniondale, NY According to Forchelli Deegan Terrana LLP, associates John Bues, Nicole Forchelli and Nathan Jones have become partners.
Smith to manage Houlihan Lawrence’s East Fishkill office, Kempton hired as an agent for Bronxville team

Smith to manage Houlihan Lawrence’s East Fishkill office, Kempton hired as an agent for Bronxville...

April 16, 2019
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.