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JVs For Partial NYC Tower Stakes Pose Control, Tax Puzzles

By Andrew McIntyre (March 30, 2017, 1:58 PM EDT) -- As New York real estate prices have skyrocketed and foreign capital continues to flow into the sector, trophy office tower owners are increasingly offloading minority stakes as opposed to outright sales, and experts say the resulting joint ventures have a number of pitfalls to watch for, including control and tax issues and stipulations governing future sale....

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