Selling the Air Above – New York Times On an island where there is often nowhere to build but up, the air in Manhattan can get pretty pricey. Air-rights deals, or the sale of unused development rights from one property owner to another, are generally considered the business of big-time developers. But in cheek-by-jowl Manhattan, …
Monthly Archives: March 2006
Metcalf tower in Orlando is for sale [Central Florida]
Metcalf tower in Orlando is for sale [Central Florida] One of downtown Orlando’s earliest “skyscrapers” — the 10-story Metcalf Building — is on the sales block for $12 million. The owners are developer Cameron Kuhn and the four shareholders of the Alvarez, Sambol, Winthrop & Madson law firm, who bought the property at 100 S. …
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Hotel to go back up for sale [Farmingdale, NJ]
Hotel to go back up for sale [Farmingdale, NJ] The 19th-century American Hotel, East Main Street, which operated as a banquet facility and restaurant for years before it was closed at the end of 2003, will be put on the auction block for a second time on March 23 at 1 p.m. The auction will …
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Thirteen dollars for $1.5 million property
Thirteen dollars for $1.5 million property Reversing an appellate court’s decision, the Kentucky Supreme Court has ruled that a Breathitt County woman should get more than $1 million in real estate that her uncle decided on his deathbed to give her in exchange for $13. The property, intended not as an inheritance but as a …
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The boom is gone: Home sales fall 36% in Broward [South Florida]
The boom is gone: Home sales fall 36% in Broward [South Florida] South Florida’s five-year housing boom is over. Prospective home buyers are finding prices falling to more affordable levels. Sellers are waiting impatiently as their houses sit on the market for weeks and months, only to receive tepid interest before reducing their asking prices. …
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Real estate investor has trouble shaking depreciation recapture tax
Real estate investor has trouble shaking depreciation recapture tax DEAR BOB: If I move for 24 months into a rental house I’ve owned for 15 years, can I then sell it as my principal residence to avoid the recapture tax on all the depreciation I’ve deducted? –Elinor W. DEAR ELINOR: Sorry. The only way to …
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