My feeling is that cooler heads among legislators will prevail, and they’ll take a careful look at the economic, jobs and environmental benefits of 1031 exchanges, and will move to preserve it.
The Coastal Ridge/H. Katz joint venture has purchased more than $1 billion in properties since its inception in November 2014.
The Tampa-based firm says it plans to undertake approximately $3.5 million in capital improvements at the complex at 812 S. Park Road. The property that at the time of closing was 97% occupied.
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