When The Lancaster Group, a Houston-based management company with properties in Los Angeles and New York, was offered a chance to manage a 115-room luxury property in Alabama, it did something few, if any, other management firms would have even...
Asale of property is often not effected in a single day. The buyer and seller may spend weeks or months negotiating a contract, the contract will be signed and then a further "executory" period may pass before the closing occurs. During the...
In computing taxable income, losses at, tributable to passive activities may not offset income which is not derived from passive activities. Rather, losses from a passive activity are "suspended" until the taxpayer either realizes passive income...
In less than two years, the commercial real estate finance group of Nomura Securities International Inc., New York, has shot out of Wall Street like a meteor. With a phenomenal swiftness, the group has gone from nonexistent to become one of the...