News: Front Section
Posted: December 2, 2008
Grunberg Realty buys 105-acre Somerset Refinery in Kentucky
According to Michael Grunberg, managing principal of Grunberg Realty, in N.Y.C., the company has closed on the Somerset Refinery and associated business units. This closing could not have been effected without the involvement of congressman Hal Rogers, senators McConnell and Bunning and many others. They're dealing with the EPA and the EPA's eventual understanding of the nature of the circumstances surrounding this purchase allowed this closing to occur. The acquisition includes the 105-acre oil refinery on 600 Monticello St., several office buildings, a fleet of tanker trucks and 12 retail gas stations in the state.
Tags:
Front Section
MORE FROM Front Section
Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
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,
.png)
Columns and Thought Leadership
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
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.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
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.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
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.
