Cooper-Horowitz, Inc. has arranged financing for the following properties:
*Hampton Inn & Suites, I-395 & Rte. 82, Norwich, CT: A proposed 113 room hotel. The loan was for $10.5 million. Robert Vegh and Horowitz represented the firm.
*86 Main St., Yonkers, NY: Office building. The loan was for $9.78 million. Bruce Marcus and Mark Waldman represented the firm.
*184 Nagle Ave., NY, NY: Apartment building. The loan was for $8.4 million. Mark Paragon and Jayson Schwartz represented the firm.
*189 Ave. C, NY, NY: Condominium development. The loan was for $7.8 million. George Stergiopoulos and Jeffrey Horowitz represented the firm.
*Cortina Inn, Killington, VT: Hotel. The loan was for $7.725 million. Max Herzog and Horowitz represented the firm.
*289 Lenox Rd., Brooklyn, NY: A 4-story, 17,000 s/f commercial building with ground floor retail. Joshua Soufeh and Horowitz represented the firm.
*225 East 111th St., NY, NY: Apartment building. The loan was for $3.744 million. David Allen and Bruce Marcus represented the firm.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: