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Where do I sleep?" said Félix Méndez, a 47-year-old hospital technician looking at signs for property exchanges tacked to trees on a Havana boulevard.
The role includes booking requests for repairs and dealing with tenants' requests for property exchanges as well as some front desk reception work.
Lawyers (called solicitors) handle the logistics of property exchanges, Mr. Palmer said, adding that their fees can vary greatly; Ms. McKee says they usually range from 0.5 percent to 1.5 percent of the transaction value.
Proving that being a real estate developer isn't so much a job description but a way of life, David Murdock David Murdock, CEO of Castle & Cook, has just made the latest purchase in a complex chain of property exchanges begun last fall.
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BUZZ: IBM is planning on creating its own intellectual property exchange so Pl-x.com already needs to watch its back less than a month after rollout.
According to Bethesda, Md.-based CoStar Group, which maintains the largest commercial property exchange in the U.S., private investors bought 61% of the $91 billion worth of properties tracked in 2001.
Taking the marital subtext of property exchange to its logical extreme, a "slaver" hauled the bride to the altar, then sold her to the groom for the price of two barrels of huckleberries.
Be it through licensing agreements, patent pools or a commons for open-source, innovations are increasingly being shared.But there is a risk that the industry as a whole might suffer unless even more intellectual-property exchanges can take place.
Such sites come in different flavors: There are intellectual-property exchanges geared just to businesses; consumer-to-business sites (like brightidea.com), where regular folks try to sell ideas to companies; and then, what could be called idealism banks.
The price of the properties exchanged is set within market value, and are determined by and negotiated between the buyers and sellers.
If he and his fellow investors choose to sell a property along the way, each can either pay the long-deferral capital gains tax or continue the rollover by putting his share into another property-exchange deal.
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CEO of Professional Science Editing for Scientists @ prosciediting.com