Orion Real Estate Group this week sold a Sonic restaurant in Rockford, Ill., for $1.140 million. The property was a part of a three-unit portfolio of restaurants Orion purchased as a sale-leaseback in March of this year. The creatively structured sale helps the company decrease its basis in the two […]
Amazon’s recent announcement that it will purchase Whole Foods Markets for $13.7 billion sent shockwaves through the grocery and real estate industries. Just a few weeks earlier, retail and real estate professional who gathered at the International Council of Shopping Center’s (ICSC) annual convention expressed cautious optimism while lamenting the […]
Orion Real Estate Group sold a Bank of America branch location today for $1,660,000. The company has been on a rapid pace of acquisitions and dispositions to take advantage of favorable market conditions around the country. This week’s deal took place in Charlotte, NC, one of Orion’s most active states for transactions.
A key benefit of a 1031 exchange is its ability for investors to shift the focus on their investments from one type of property to another like-kind property and allow their initial investment dollars to continuing growing tax free. For example, an investor can exchange his or her ownership in […]
In the complex navigation of 1031 exchanges of commercial real estate, the timing of ownership and execution of like-kind exchanges are among the top considerations. While 1031 exchanges themselves provide property owners with the flexibility to update their investment mix, the IRS allows very little leeway in terms of timing. […]
Thanks to historically low interest rates, rising appraisals and continued investment from foreign sources, certain U.S. property owners currently have a unique opportunity to defer taxes on profits earned from the sale of long-held and appreciated real estate. Under Section 1031 of the Internal Revenue Code, owners of investment or […]
From May 21 to May 24, 37,000 real estate industry professionals from 58 countries are expected to convene in Las Vegas for the International Council of Shopping Centers (ICSC) annual Recon event. Among those in attendance will be members of Orion Real Estate Group, who will be based at booth […]
This week Orion Real Estate Group sold a Wells Fargo branch in Rockledge, FL, for $1.125 million. The firm continues to acquire and dispose of commercial properties at an active pace and has cash to buy in Florida and across the country.
Orion Real Estate Group continued its deal-making pace with the sale of a Bank of America branch in Mooresville, North Carolina, in early May. The firm continues to sell portfolio properties that make sense as it acquires additional commercial properties in markets around the country.
We look forward to joining our real estate industry friends from around the country at the ICSC RECon show later this month. We will be at booth S320P in the South Hall. Please stop by and say hello.