Finding Space Off-Campus
The Real Estate Department can assist you in finding off-campus office,
warehouse, and other space for lease or purchase.
Your points of contact in the Real Estate Department are Tom LiVigne, phone 607.266.7871, and Melissa Baldassarre, phone
607.266.7872.
Real Estate Leases
For all real estate leases, even apartments, your first point of contact
should be the Real Estate Department. Real Estate will coordinate with
Counsel and Risk Management, obtain necessary signatures, and return the
documents to you.
Please don't have your dean or director sign real estate documents,
including leases. Real estate transaction
authority is controlled by the University's corporate by-laws.
Your point of contact in the Real Estate Department is Tom LiVigne, phone 607.266.7871.
Real Estate Tax Exemption
There are two tests to qualify for real estate tax exemption: exempt
ownership and exempt use. Both must be met. So, even if Cornell
owns the property, if it's not being used for educational purposes and
properly reported, it will be taxable.
The Real Estate Department must request tax exemption every year on
every piece of exempt land owned by Cornell, anywhere. If an exemption
renewal is not filed, or if the renewal application is incorrect, the land
could be taxed.
So that your department and college don't end up paying taxes on real
estate, please report the following to us:
- Construction (any
new building or major renovation).
- Changes in use
(e.g.; if you let an employee use a Cornell-owned house or apartment,
or let the neighboring farmer plow 30 acres that you are not going to
use this year, or you let an outside organization use space in a
building), even if no rent is charged.)
Your point of contact in the Real Estate Department is Cynthia Kemp, phone 607.266.7873.
Acquiring Property
If there is real estate which is important to the operations of your
unit which Cornell does not own, please let us know. Your point of contact
in the Real Estate Department is Tom
LiVigne, phone 607.266.7871.
Only the Executive VP and CFO and the VP Alumni Affairs and Development
have authority to accept real estate gifts.
Business Assistance
The Real Estate Department can assist you in getting a new
technology-based or other small business up and running. Through our
affiliation with Cornell's Office of Economic Development, the Cornell
Business & Technology Park, TCAD, the Cayuga Venture Fund and the
Cornell Research Foundation, we can help facilitate everything from space,
to capital, to management.
Your point of contact in the Real Estate Department is Tom LiVigne, phone 607.266.7871.
Land Stewardship
The university owns all of Cornell's land. The land is assigned to the
colleges and departments by the Provost for their use. This land
stewardship assignment can change as the needs of the university change.
In some cases, the using unit bears the expense of maintenance, taxes
(assessments), utilities, etc.
If you have property that you don't use, there may be someone else at
Cornell who could use it. If no one at Cornell needs the land, for present
or future needs, it is excess and can be sold.
Proceeds from land sales go to the fund which purchased the property,
not to the last college to use the land. Restricted gifts and some
specially designated natural areas are an exception.
Your point of contact in the Real Estate Department is Tom LiVigne, phone 607.266.7871.
Timbering
Approval to timber land is controlled by the University. Please contact
us and we will help you coordinate with the appropriate persons. Your point
of contact in the Real Estate Department is Tom LiVigne, phone 607.266.7871.
Warehouse Storage
Cornell Real Estate provides low cost, convenient storage and is open to
all departments. Records storage, bulk storage, rack storage, and
enclosed vault storage are all available. All rates less than $200
per year. Pick up and delivery to and from your site. Contact Teri
Whitmore, Cornell University Real Estate, phone 607.266.7874
(direct). More info...
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