|
|
|
|
|
Volume 1 - Number 10 | October 11, 2005
 |
TOP STORY: Triple Net Nabs Biggest TIC Deal Title With Chicago Trophy Buy
By Michelle Napoli
The downtown Chicago office trophy known by its address, 123 North Wacker Dr., has been taken down by Santa Ana, CA-based Triple Net Properties LLC for a tenants-in-common offering. While the company did not disclose the price it paid to seller Prentiss Properties Trust, a market source indicates the purchase was in the area of $172 million, making it the largest TIC deal in the industry’s history.
|
|
TICA Conference Report: Regulatory Update in ‘Tense’ Environment
By Michelle Napoli
If there was an unofficial theme to this year’s Tenant-in-Common Association Annual Conference, it could probably be summed up this way: While the industry has been enjoying a honeymoon of phenomenal growth and capital inflows, establishing broadly accepted ethics, standards and best practices—for the sake of investors at least as much as for industry professionals—is crucial for the business’ long haul.
|
 |
In Hurricanes’ Wake, IRS Offers 1031 Relief
By Michelle Napoli
Like property owners of any kind, damage from hurricanes like Katrina and Rita can wreak havoc on 1031 exchange investors. The first concern in these situations, of course, is for the personal safety of family, friends and colleagues, but as anyone who has experienced a serious hurricane or similar natural event can tell you, once the danger has passed it’s time to clean up the mess, both literal and figurative.
|
|
|
|
|
|
|
|
|
