In connection with the deal, Vornado also reports that Haim Chera, 50, has left the family-owned Crown Acquisitions to join Vornado as its EVP- head of retail.
The State Department of Tax and Finance estimates the capital gains tax cut, if implemented, would reduce state tax revenues by up to $500 million annually.
Marc Wieder, a partner at accounting firm Anchin, points out ways Treasury’s proposed Opportunity Zone regulations make real estate transactions easier.
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