The term time is of the essence is incorporated into nearly all real estate leases and sales contracts…
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The term time is of the essence is incorporated into nearly all real estate leases and sales contracts…
On Wednesday, May 3rd the Fed’s Federal Open Market Committee (FOMC) decided to raise the benchmark Fed Funds Rate to a range of 5% to 5.25%, the twelfth straight hike to the highest rate we’ve seen since 2006.
We have published several posts on the topic of capital gains taxes over the last several years. It’s not that we actually like to talk about paying taxes. We don’t. Yet, the issue is front and center in every conversation we have with a client who is evaluating his or her property disposition strategy.
Every once in a while, we face a challenge on behalf of a client whose story resonates with us as one that others will relate to and gain value from. This is one of those times and in this post we share a story of two good friends who have been business partners and industrial property owners together for half a century.
We’ve been following the business news even closer than usual these days because concern over the health of the “commercial” real estate market has hit the front pages of major media outlets again.