RP Miller Commercial is a diversified real estate company, representing developers, owners, tenants and institutions in the sale, lease and/or financing of commercial real estate. For nearly three decades, RP Miller has focused exclusively on the New York metropolitan area, building strong relationships within the city.
To qualify for Section 1031 of the Internal Revenue Code, the properties exchanged must be held for productive use in a trade or business or for investment. Stocks, bonds, and other properties are listed as expressly excluded by Section 1031 of the Internal Revenue Code, though securitized properties are not excluded. The properties exchanged must be of “like kind”, i.e., of the same nature or character, even if they differ in grade or quality. Personal properties of a like class are like-kind properties. Personal property used predominantly in the United States and personal property used predominantly elsewhere are not like-kind properties.
The Manhattan office market recorded 7,602,752 square feet of leasing activity in the fourth quarter of 2016, a 22.9% decrease from the fourth quarter of 2015. With 10 deals signed over 80,000 square feet, the year-to-date leasing total is 35,292,609 square feet, 3.7% below the 10-year average and down 3.2% from last year’s total of 36,459,102 square feet. A 12.0% decline in relocation activity was countered by a 26.6% increase in renewals. Midtown once again dominated the Manhattan market, capturing seven of the top 10 deals. Three of the top deals over 150,000 square feet this quarter involved professional sports organization tenants, while the other deals consisted of a wide array
With thirty two years in the real estate industry, Reba Miller has sold over $1 billion in real estate and has built a niche on the Upper East Side, Upper West Side and along the Gold Coast corridors of Park, Madison and Fifth Avenues. RP Miller Realty Group is a full service residential and commercial boutique firm that offers a personal touch, a plethora of information and extensive history on New York’s real estate market. More than three decades, Reba has built strong relationships with developers and buyers alike, the real estate brokerage community who trust her honesty, acquired market knowledge and vast experience in negotiating, renovating and problem solving. Reba was awarded in October 2014 the prestigious Henry Foster Award given by REBNY, Manhattan’s Real Estate Board of New York. She has been featured in articles published by The New York Times, Wall Street Journal, The Observer, Daily News, New York Post, Women’s Journal, and many other industry papers for her business acumen and creative marketing strategies.