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ESL said it was willing to buy real estate owned by the company, including the assumption of $1.2 billion in debt obligations secured by those properties.
Forward-looking developers are converting empty big boxes into creative office use -- and we are trying to get ahead of the curve and take down those spaces quickly, says The Yard co-founder Richard Beyda.
“The operative language that requires a taxpayer to have held an interest in a property for three years refers to capital assets -- and that doesn't pick up commercial real estate.”