News: Front Section
Posted: July 9, 2015
11-unit Inn sold by Steven Lang to Steve & Helen Milewski Commercial Realty Advisors, Inc. brokers sale of Spring Garden Inn
Commercial Realty Advisors, Inc. completed the sale of Spring Garden Inn. The 11 unit inn that sits on the marsh at Scorton Creek was previously owned by Steven Lang of East Brunswick, N.J., who bought the property in 2012 as a 1031 exchange after selling the Seatoller Shopping Center in Eastham.
The new owners, Steve and Helen Milewski, owned and operated the Holiday Inn in Truro for 15 years, moved away and are now returning to the Cape to become inn keepers once again.
"We fell in love with the beautiful setting along the marsh and surrounding area", said the Milewskis, who moved back to the Cape to be nearer their two lobstermen sons, both of Provincetown.
Gil Owren, broker at Commercial Realty Advisors, facilitated the sale.
Commercial Realty Advisors, Inc. was established on Cape Cod in 1999 and now represents properties throughout New England in all areas concerning mergers and acquisitions, business brokerage and investment.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Columns and Thought Leadership
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.