News: Brokerage

Walther elevated to general counsel at Legal 1031

Melville, NY Legal 1031 Exchange Services, LLC, a division of Kensington Vanguard National Land Services (KV), has promoted James Walther, Esq., LL.M. to the position of general counsel. KV recently completed an acquisition of Legal 1031, and merged the company with its qualified intermediary, KV 1031 Exchange.

Walther will be based out of Legal 1031’s local office, where he will support the members of the Legal 1031 leadership team in business operations and growth strategy. In addition, he will continue to be a resource to Legal 1031’s clients and their advisors for 1031 exchanges transactions ranging from basic to extremely complex.

Prior to working for Legal 1031, Walther worked for a Philadelphia law firm where he advised and represented clients in legal matters, including real estate matters, commercial litigation, and employment matters. Walther received an LL.M. in Taxation (Master of Laws) from Temple University’s Beasley School of Law with an accompanying Certificate in Employee Benefits. He received his JD from Rutgers School of Law and received a BA in Political Science from Stonybrook University. Walther is also a Certified Real Estate Continuing Education instructor in the state of New Jersey.

Todd Pajonas, president of Legal 1031 said, “James’ skill, diverse legal experience, and Master of Laws in Taxation, make him a perfect fit for this position.”

Matt Scheriff, executive VP of Legal 1031, said, “Our goal to expand Legal 1031’s footprint nationally requires a strong general counsel. We believe that James is the right person to help Legal 1031 achieve its goals.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,