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Suddenly, the unprepossessing property represents much more.
Today, property represents 47% of the portfolio and the charity plans to reduce its stock still further.
"Although commercial property represents only 16percentt of the market value of all property in Nassau County, commercial property owners purportedly pay 27.5percentt of the tax burden".
"This property represents a tremendous promise for the town in terms of employment, in terms of tax base, if it's properly developed," said Lee E. Koppelman, the executive director of the Long Island Regional Planning Board.
Chris Hills, chief investment officer at IWI, says: "We are sending a clear signal to clients that at a time of rising asset prices, commercial property represents a pocket of value they should be investing in.
"In today's information age, a theft of valuable intellectual property represents a serious breach of economic security," Preet Bharara, the United States attorney for the Southern District of New York, said in a statement.
Similar(40)
Richard Orenstein of Halstead Property represented both the sellers and the buyers.
The latter consists of shire Tories, who believe the countryside and property represent something more than a source of revenue.
Neither she nor brokers would disclose the name of the buyer; the sale, with Halstead Property representing the sellers, has not yet been recorded in city property records.
Jane Greenberg and David Costelloe, two agents at Halstead Property, represent two owners at 39 West 12th Street in Greenwich Village, and are marketing the apartments both individually and jointly.
Richard Orenstein of Halstead Property represented the sellers, Washington and Laurie Druker, as well as the buyer, who used a limited-liability company, JLM Hubert Street, in the transaction.
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