News about properties and real estate
Proposed office building sale will shatter records [New York City] The owner of two of four buildings in a Harrison office park plans to spend $35.3 million — a record-breaking $219 per square foot — to acquire one of the adjacent properties. In a deal born as much by necessity as desire, Heritage Realty Services …
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Real estate firms tally up heady sales as outlook dims [Central Florida] Last year may have been the pinnacle — it’s clear real estate markets are slowing — but Central Florida companies sure made hay while the sun was up. CB Richard Ellis’ Florida Multi-Housing Team handled $5.2 billion in apartment sales last year. The …
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Taking reservations [Southern California] Just when investors thought they knew everything about vacation home purchases, along comes a brand-new way to spend lots more money. Hybrid condo-hotels — luxury hotels whose rooms or suites are sold as condominiums and are available to owners from a week to three months a year — are on their …
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Introduction to 1031s Dick Goble is a senior partner and real estate tax specialist with the accounting firm Kerkering, Barberio & Co. P.A. Goble, who has been with the firm since 1978, specializes in 1031 exchanges, a subject on which he lectures nationwide. In addition, Goble also advises clients on as many as 200 1031 …
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] 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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