Surprisingly, as real estate savvy as most investors are in the Northeast, some may not be aware of the requirement that both the relinquished property being sold–and the replacement property being purchased–must be “held for investment or productive use in a trade or business.” Note that after the…
Manhattan, NY The Real Estate Board of New York (REBNY) has appointed Reggie Thomas as senior VP for government affairs. Thomas will build and maintain REBNY’s strong relationships with elected officials on the city, state, and federal level with the purpose of advancing the organization’s interests and agenda…