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Archive for December, 2006

Recent Transactions

Friday, December 29th, 2006

Vanderhoven Buildings Inc. purchased and plans to occupy Building 8 in the Traverse Pointe Commerce Center. Completed this year, the single-story office building sits on approx. a half-acre and measures 5,500 sq. ft. The purchase prices was $1.01 million, or approximately $185 per square foot.
Lehigh Nevada Corp. Inc. purchased Building […]

Commercial Real Estate Market to Perform Well in ‘07

Friday, December 29th, 2006

Before Christmas, Colliers International released its 2007 Real Estate Forecast. According to the report, the commercial real estate market is expected to perform well in 2007 despite the downturn in the residential arena and escalating energy costs.
Two interesting trends for 2007 also noted in the report is the adoption of […]

Charitable Remainder Trusts & Commercial Real Estate

Thursday, December 28th, 2006

Do you own a commercial property that you have held on to for some time that has wildly appreciated in value? This is great news if you are looking to retire and live off the proceeds of the sale. Unfortunately, when hit with the federal and state capital gains taxes, you may soon […]

Commercial Real Estate Had a Good Year

Wednesday, December 27th, 2006

The residential real estate market definitely followed a rocky road in 2006, but commercial real estate overall appeared to fare much better. According the the National Association of Realtors, more than $236 billion of commercial real estate transaction volume was recorded during the first 10 months of 2006. This was compared to $231.9 […]

Options for a 1031 Exchange

Wednesday, December 20th, 2006

Property owners looking to utilize a 1031 Tax Deferred Exchange have three options available to them. It is highly recommended that you seek professional tax and legal advice prior to proceeding with any of these options.
Delayed (or Starker) Exchange: the most commonly used method of performing a 1031 exchange. This option allows […]