Thereafter, the Chicago mansion was turned into a dormitory for the School of the Art Institute of Chicago, with Hefner formally deeding the building to the Art Institute in 1989 . In 1993, the mansion was sold to developer Bruce Abrams and converted into four high-price luxury condos.
32.
We selected the site on the prarie, as it then was, for a mission of Plymouth Church; but Mr . Armour delayed deeding the property until he began to get other conceptions; and at his death, he committed the work to his brother, who has carried it on to its present magnificent proportions.
33.
Taxpayer enters into an agreement to purchase replacement property, again including the Cooperation Clause . " Seller is aware that the buyer's intention is to complete a 1031 Exchange through this transaction and hereby agrees to cooperate with buyer to accomplish same, at no additional cost or liability to seller . " An amendment is signed naming the Qualified Intermediary as buyer, but again the deeding is from the true seller to the taxpayer.
34.
For a number of years on account of ill health he led a life of quiet retirement but during later years he was engaged in the active real estate business In 1872 he joined with Andrew J Hanscom in deeding to the city the property now known as Hanscom park comprising of natural park land the gift being conditioned solely upon its being retained for park purposes by the city and being improved to the extent of $ 25, 000.
35.
This devastating flood damaged the park again, necessitating the construction of the park's third grandstand ( 1937 2001 ) and a new clubhouse, with the local Labatt Brewing Company donating $ 10, 000 to renovate the park, as well as deeding the park itself to the City of London on December 31, 1936, with the written provisions that the park remain a public athletic park in perpetuity and that it be renamed " The John Labatt Memorial Athletic Park ."
36.
During the 2010s, some Russian Orthodox group, the Pchyolki ( " Little Bees " ), argued that President Obama's support of gay marriage invalidated the original sale, since " We see it as our duty to protect their [ Orthodox Alaskans'] right to freely practice their religion, which allows no tolerance to sin . " In 2014, the mayor of Yakutsk cited documents from the 19th century deeding Spruce Island to the Russian Orthodox Church " for eternity " . ( Spruce Island was home to Herman of Alaska, a missionary to Native Alaskans who is one of the most-loved Orthodox Christian saints .)
