Fraser Forbes and Calkain Companies Form Strategic Alliance
5/1/2008
Top Commercial Real Estate Firms Collaborate to Adapt to Changing Industry Landscape
Fraser Forbes Company, LLC, and Calkain Companies, Inc., have aligned to improve the services they offer to their respective clients. Leaders of the two Mid-Atlantic region commercial real estate companies have found that a synergistic approach to complex transactions will benefit the long-term plans of each firm as well as the clients they serve.
Fraser Forbes focuses entirely on raw land and redevelopment deals while Calkain Companies focus is centered on income producing properties that are stabilized by a finished building and strong tenancy. By integrating the core strengths of these boutique advisory firms, both developers and investors can have one source for navigating the entire real estate continuum from land disposition and acquisition to stabilization of an income producing asset.
The sale of non-income producing land typically garners very high capital gains taxes for the seller. Most of the time the sellers wishes to use the IRSs 1031 tax deferred exchange code to purchase an income producing property while deferring their taxes. The combined strength of the two firms provides a full service approach to maximizing investment proceeds for clients. Richard Samit, Chief Executive Officer and Co-Founder of Fraser Forbes added,"We are very fortunate to have such a strong relationship with Calkain as our business model has now been expanded to complement the growing demands of our clients. Samit continued, We feel very confident that this alliance will only enhance the financial benefits of our clients investments."
"We constantly hear from our clients that they wish we could handle their transactions from concept to completion," explained Jonathan Hipp, President and Chief Executive Officer of Calkain Companies. "Now we have a means of showing the client what is possible if a team of people are engaged throughout the entire development and investment process."
Fraser Forbes Company is the largest land sales brokerage firm in the Washington, DC metropolitan area. Along with traditional residential land brokerage, Fraser Forbes is also actively involved in mixed-use and commercial sites across the region. Fraser Forbes further assists its clients with allied services in their Consulting Division such as planning, engineering, development, market research, financial analysis, zoning, appraisal and entitlement matters. Further information can be found at www.fraserforbes.com.
Calkain is a privately held, full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, hotel and office income producing real estate transactions. Calkain has offices in the Northeast, Mid-Atlantic, and Southeast United States. Additional information about the firm and its listings may be found at www.calkain.com.
