Northrop Grumman building bought by real estate firm (Colorado Springs Gazette) Corporate Office Properties Trust, a Maryland-based real estate company, added to its local holdings Tuesday by paying $23.2 million for the Northrop Grumman building that opened in May in the Cresterra business park at the Colorado Springs Airport.
Split Among The Circuits (Mondaq) In NVR , the Fourth Circuit held that a debtor's pre-confirmation transfer of real estate did not fall within the scope of section 1146(c)'s exemption provision prohibiting a stamp or similar tax on transfers "under a plan confirmed." 8 The debtor completed multiple real property transfers prior to confirming its plan of reorganization.
