Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment,” to defer paying any capital gains taxes if the property owner sells such property, identifies “like kind” property within forty-five days of the sale, and acquires other “like kind” property within 180 days of the sale.
The volume of 1031 Exchange transactions continue to rise year after year, but what’s also been trending is the sharp increase in the need for Reverse Exchanges. With limited available inventory and market aggressiveness, and for those who strategically want to secure the ideal replacement property prior to relinquished property closing,
In the good old days, the two sure things were said to be death and taxes. In today’s world, should we be adding the inevitability of cybercrime? To help answer that question, let’s look some numbers: The estimated annual cost of cybercrime is $400,000,000,000. Yes, that is billions.
Statistically they say that most businesses fail before their 5th year. Very few business last 10 years. We must be an anomaly.
Warwick, Rhode Island’s second largest community offers the convenience of city living with a small-town feel and a number of opportunities to help your business grow and succeed. Located in the heart of Southern New England,
Quonset Business Park is increasingly seen as a key driver of job creation and economic growth in Rhode Island. It is now home to over 11,800 full-time and part-time jobs at more than 200 companies. Its Port of Davisville is one of
Chittenden County has experienced a flurry of development in the last two years with the majority of growth occurring in the retail and residential rental markets. One of the major projects is the development of 60 acres of waterfront
The state of the industrial market in New Hampshire continues to remain strong across most property types. The overall trend for 2018 is predicted to show a decrease in vacancy and an increase in asking rents. The most robust
With the exception of the Central and West Bay submarket cluster, industrial rental rates have continued to increase from 2016 and vacancy rates have decreased resulting in investor optimism about future rental increases. This
The incessant pressure on industrial supply continued in 2017 to the point where, today, we are out of space. The data I’ve been tracking for almost a decade reflects far more than an interesting trend or anomaly. I believe this is an
