Archive for exchange

Peak Commercial Announces Successful Closing on Multifamily Units in Inglewood Area as Part of a 1031 Exchange Transaction


Woodland Hills, CA (PRWEB) March 10, 2015

“The Inglewood / LAX corridor is proving itself a new opportunity for commercial real estate investors,” states Kevin M. Levine, EVP of Peak Commercial (http://www.peakcommercial.com) referring to his recent transaction involving two multifamily assets in close proximity to LAX and Hollywood Park. Peak Commercial specializes in commercial buyer / seller representation in multifamily, retail, office building, industrial, land and REO commercial transactions. Levine notes increased interest from investors looking for new opportunities for expansion. The current sale, in Levine’s opinion “represents even more commercial real estate deals to be had in the Southwest Los Angeles sector.”

“The combination of available commercial inventory, Los Angeles Metro service expansion into the area, and renewed interest in building an NFL stadium on the site of the Hollywood Park Racetrack facility has drawn investors back to Southwest Los Angeles and has had a significant impact of commercial property values,” according to Levine. The multi-property deal includes adjacent multi-family units located at 10202-10206 S.10th Avenue near LAX, and a 12-unit complex on 921 N. Cedar Avenue closer to Hollywood Park with an average price per unit estimated at $ 140,000.

Peak Commercial represented the investor for the multifamily properties, facilitating the acquisition as part of a 1031 Exchange. The guidelines of a 1031 Exchange allow investors the ability to sell a property involved in a business transaction and reinvest the proceeds in a similar property to defer capital gain taxes. “Working with our buyer, we crafted a deal that not only included the acquisition of income property with amazing potential, but also maximized returns over the long term by mitigating tax liability.”

Peak Commercial is one of the entities in the Peak Corporate Network, headquartered in Woodland Hills, California. In addition to commercial real estate brokerage services, the Peak Corporate Network group of companies provide loss mitigation and workout services, residential real estate brokerage services, escrow services, 1031 exchange services, real estate financing, short sale services, foreclosure services and loan servicing. For more information, visit http://www.peakcorp.com.

The Peak Corporate Network is a brand that represents a group of related separate legal entities, each providing its unique set of real estate services.







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Three Fit Body Boot Camp Locations Offer Workouts in exchange for Food Drive Donations, November 17 – 22


Upland, CA (PRWEB) November 07, 2014

The Sweat for a Cause Food Drive is an initiative focused on collecting Thanksgiving Dinner supplies for families with monetary needs or barriers that keep them from enjoying the traditional family feast. The staff at the Upland, Glendora, and Ontario Boot Camps recognizes that, while the community may have numerous families that are “blessed and affluent,” there remains “too many people in [their] community that won’t have food or families to celebrate Thanksgiving with.”

These fitness experts, however, have come up with their own incentivizing twist on the traditional food drive donation format. While donating will provide charitable community members with the satisfaction of helping and uplifting others with needs, the Fitness Boot Camp staffs are providing their own services for free to those who gift local families with foodstuffs.

The exchange format is simple: one non-perishable food item for one free workout session. They will also be accepting monetary donations, with a $ 10 charitable contribution exchanging for the same free workout. They invite those interested to come donate and workout an unlimited number of times From November 17th through the 22nd.

The owner of these Fit Body Boot Camp locations, Leandro Cabico, explains a bit about the motivation behind his business’s initiative and his passion for helping the community: “At Fit Body Boot Camp Upland, Glendora, and Ontario, we’re not only committed to helping the local community live healthier lives, make better food choices, and exercise in pursuit of results, but we’re also heartily committed to being active members of the community when it comes to helping those that are less fortunate.

All proceeds will be donated to the Foothill Family Shelter, where it will be distributed throughout the community and assist those who need it most. For more information regarding the program and details about locations, workout schedules, donations, those interested can visit the Upland, Glendora, and Ontario websites.

“This will be a memorable holiday for so many people that have much less than we do,” says Cabico, “how great will it feel to know that you are part of their happiness this holiday season? Let’s make the lives of the less fortunate folks a little brighter… and burn some extra calories and inches while at it!”

About Ontario, Upland, and Glendora Fit Body Boot Camps:

These three Fit Body Boot Camp locations are a part of the Fit Body Boot Camp family of indoor fitness boot camps, whose global goal is to engage 20% of the world’s population in a healthy and fit lifestyle by the year 2020. These Fit Body Boot Camps are owned and operated by Leandro Cabico. Cabico is committed to helping members of the community set and accomplish their health and fitness goals.

For more information about these Fit Body Boot Camp locations, please visit http://www.fitbodybootcamp.com/