Gebroe-Hammer Association and Lucky Commercial Realty broker $9.3m sale
Gebroe-Hammer Associates and Lucky Commercial Realty, Inc. of Miami, Fla. co-brokered the sale of the Altamonte Trace Apartments in Altamonte Springs, Fla. The sale price was $9.3 million. Gebroe-Hammer is one of the most active brokerage firms in the New Jersey tri-state area, serving clients both regionally and nationally.
Joseph Brecher, senior vice president at Gebroe-Hammer, spearheaded the deal, representing the New Jersey-based seller. "The seller, one of our long-time clients, has owned the property for nearly twenty years and is retiring," said Brecher.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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.
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:
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.
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.