Starboard Realty Advisors Completes Sale On A 1 25 Acre Brand New 15 Year Ground Lease Retail Property In Barstow, California prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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MIAMI, May 19, 2021 /PRNewswire/ Miami-based Limestone Asset Management closed on two outparcels, totaling 14,075 square feet, around Orlando s popular Mall at Millenia for $10.4 million. Limestone Asset Management invests in and acquires real estate properties over all asset classes throughout North America.
One outparcel includes a 5,530-square-foot AT&T store, located at 4006 Conroy Road, Orlando, FL 32839. The second outparcel includes a 5,045-square-foot Panera Bread and a 3,500-square-foot Shake Shack, located at 4060 Conroy Road, Orlando, FL 32839.
Ibrahim Al-Rashid
Limestone Asset Management Closes on Two Outparcels, Totaling 14,075 Square Feet, Around Orlando s Mall at Millenia for $10.4 Million
Kevin Sanz, president of Orion Real Estate Group, represented Limestone Asset Management in the purchase. The undisclosed seller of Panera Bread and Shake Shack brought this off-market deal directly to Orion before marketing it
The CRE Industry is Battling Back Against Proposed Tax Reforms Industry pros fear that the slew of proposed measures, if enacted, would lead to a steep drop in deal volume and pricing.
Commercial real estate stakeholders are rolling up their sleeves and digging in to battle proposed tax reforms that could deal a devastating blow to the investment marketplace.
The two issues garnering the most attention are a $500,000 limit on the amount of capital gains that could be deferred in a 1031 exchange and an increase in the maximum capital gains tax rate from 20.0 percent to 39.6 percent. Commercial real estate industry advocate argue that those two items combined would deliver a one-two punch for investors across the board as it would generate significantly higher tax penalties following the sale of a property. Industry participants are also worried that the new tax rules would significantly reduce investment sales activity and send ripple effects across the broader economy.