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L&L inks $911M refi’ on 425 Park Avenue

L&L Holding Company has completed $911.4 million in financing for 425 Park Avenue, its iconic 47-story office tower nearing completion in the prestigious Plaza District of Midtown Manhattan. The finance package, obtained through a consortium of lenders led by Blackstone Real Estate Debt Strategies, replaces 425 Park’s original contruction loan and will cover the final …

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One Riverside residential design approved by Downtown Development Review Board | Jax Daily Record | Jacksonville Daily Record

The Downtown Development Review Board gave the final OK for the multifamily design of One Riverside, the proposed replacement of the former Florida Times-Union site in Brooklyn. The board voted 5-0 on Dec. 16 to approve the 270-apartment first-phase project by Atlanta-based Fuqua Development LCC and TriBridge Residential. Fuqua Development proposes a $182.2 million residential/retail …

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New California law tackles bias in real estate appraisals

Real estate appraisers are now coming under the microscope as the state continues its efforts to combat racism and bias in real estate transactions. Assembly Bill (AB) 948 attacks the issue from both ends of the appraisal process: during the complaint process which may take place after an appraisal, and pre-appraisal, with additional training added …

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Trends That Defined Real Estate In 2021

By Andrew McIntyre (December 20, 2021, 11:51 AM EST) — Changes in the way landlord-tenant disputes were handled and a surprise lack of distressed real estate deals are among the trends that defined commercial real estate in 2021. Experts say landlords and tenants entered 2021 thinking in terms of litigating their COVID-19 rent disputes, but …

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What Sold: 31 Newport County real estate sales, transactions (Dec. 13 – 17)

Real estate, like any industry, is based on the foundation of supply and demand. Sellers are seeing premium prices for their homes due to low-interest rates and even lower inventory; which makes for a very competitive environment from a buyer’s perspective. If you’re considering selling or simply want to know what your home may be …

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Buying and Selling Real Estate in Costa Rica (Updated) | International Lawyers Network

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COSTA RICAN LAW – General – Real estate law in Costa Rica is governed by the principles established in the Costa Rican Civil Code for acquiring, selling and in any way disposing of property. The official registration of real property is made through a registry system, which is …

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Sponsor spotlight: Postpone taxes with a like-kind real estate exchange

Nancy Ekrem The tax law provides a valuable tax-saving opportunity to business owners and real estate investors who want to sell property and acquire similar property at about the same time. This tax break is known as a like-kind or tax-deferred exchange. By following certain rules, you can postpone some or all of the tax …

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Trump sues NY AG James to halt real estate company probe

Former President Donald Trump sued New York Attorney General Letitia James Monday in a bid to halt her investigation into the business dealings of his family’s real estate company. The lawsuit, filed in Albany federal court, ​claims James’ two-year-long probe into the Trump Organization is politically motivated and asks a judge to put a stop …

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Sports City Scheme In Noida Led To Losses Worth Rs 9,000 Crore: CAG

Urban planning officials of Noida, a booming industrial township in Uttar Pradesh, granted undue benefits of more than ₹ 9,000 crore to the allottees of Sports City plots, to the corresponding detriment of New Okhla Industrial Development Authority (NOIDA). For the failures in meeting the stated objectives of creating a Sports City and the huge …

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