2015 Annual Review responses by Andrew Deluski of BankRI
Andy Deluski, BankRI
Respondent’s Name: Andrew Deluski
Company: BankRIWhat was your greatest professional accomplishment in 2015? The greatest professional accomplishment in 2015 for me was achieving 25 years of working in the banking industry. I started off at Shawmut Bank in Framingham, Mass. in 1990 and now successfully at BankRI in Providence, R.I.What was your most notable project, deal, or transaction in 2015? My most notable project in 2015 was the acquisition of the Manisses Hotel on Block Island. It was a pleasure to work with Steve Filippi and the Filippi Family on their Block Island properties. What are your predictions for commercial real estate in 2016? The market will slow as some saturation will play into in 2016. The FED will increase the rates to curb growth. The uncertainty and political stage of who will be the next president will play a major role in the market and economy.
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,
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.
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:
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.
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.