These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.

For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.

Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.

In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.

Home / Markets / Industries / Finance

Thursday, July 10, 2008

HFF Engineers $92.5 Million Sale of Orlando Area Office Properties to Flagler Development Company

Email this Story | Respond to Editor | Print

Comtex

MIAMI, Jul 10, 2008 (BUSINESS WIRE) ----The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it engineered the sale of Reserve at Maitland, a three-property office portfolio in suburban Orlando, Florida as well as Maitland Promenade, a Class A, 230,368-square-foot office building in Maitland, Florida to Flagler Development Company.

HFF executive managing director Manny de Zarraga and managing directors Danny Finkle and Hermen Rodriguez represented the purchaser in acquiring the assets from Grubb & Ellis Realty Investors, LLC. Flagler acquired Reserve at Maitland for $39.56 million and Maitland Promenade for $52.94 million.

Reserve at Maitland is located at 30, 65 and 70 South Keller Road in Maitland, approximately seven miles north of Orlando via Interstate 4. The properties have a total of 197,000 square feet of Class A office space and are fully occupied by three primary tenants including Earth Tech, Bright House and Inverness Medical.

Maitland Promenade is currently 92% leased to tenants including Star Networks, Trammel Crow Residential, United Health Care, Brice Building Company, Custom Staffing and BE&K Group. The property is located at 485 North Keller Road approximately a half mile west of Interstate 4 in Maitland.

Grubb & Ellis Realty Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $6.1 billion located throughout 30 states. One of the nation's most active buyers and sellers of commercial real estate, Grubb & Ellis Realty Investors has completed acquisition and disposition volume totaling approximately $10.4 billion on behalf of program investors since its founding in 1998; more than 70 percent of this volume has been transacted since January 1, 2005.

Flagler Development Group is the leading integrated commercial real estate firm specializing in commercial and industrial workplaces in the state of Florida. The company owns, develops, leases and holds in joint ventures approximately 9.8 million square feet of Class A office and industrial space, as well as an additional 1.2 million square feet under construction. Flagler space consists of Class A office and industrial properties, primarily in Jacksonville, Orlando, Ft. Lauderdale and Miami. In addition, Flagler owns 921 acres of entitled land in Florida, directly and through joint ventures, which is available for development of up to an additional 16.5 million square feet. Flagler also owns approximately 3,141 acres of other Florida properties.

HFF (NYSE:HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.

SOURCE: HFF

HFF
   Executive Managing Director Manuel de Zarraga, 305-448-1333 mdezarraga@hfflp.com or HFF Managing Director Danny Finkle, 305-448-1333
   dfinkle@hfflp.com or HFF Associate Director, Marketing Laurie Fish McDowell, 617-338-0990 lmcdowell@hfflp.com