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A joint venture of Turnbridge Equities, a New York City-based, privately held full-service real estate investment and development firm, and Harbor Group International, purchased the 540,103-square-foot property from PNY Technologies.
Real estate investors use 1031s or like-kind exchange strategies to maintain strong portfolios, apply more capital towards current real estate opportunities and maximize tax savings.
The continued expansion of e-commerce has prompted unprecedented demand for US logistics space but also for investors looking to place capital, Transwestern says in this <b>EXCLUSIVE</b>.
In an exclusive audio interview, Newark real estate attorney Ted Zangari says investors need to start identifying appreciated assets quickly so that they can engage in Opportunity Zone transactions before the end of 2019 to gain the maximum tax advantages.