News: Front Section

Alvarado, Parsons, Berger and Galvani of Parsons Commercial Group broker 2 leases totaling 31,602 s/f

The listing team of Marci Alvarado, Jake Parsons and Alex Berger of Parsons Commercial Group recently completed the renewal of Intercall Inc., a division of West Corp., a conferencing solutions company. The company renewed 11,602 s/f of office space at 130 New Boston St. The team exclusively represents 130 New Boston St. for landlord, KS Partners. The 55,000 s/f building is one mile off of I-95 and I-93, with access to the MBTA and there are several hotels and a restaurant on-site. These amenities coupled with the landlord's flexible terms have created an increased activity from tenants looking for office space in the market. "Intercall, Inc. is a great tenant for the building and we are happy they have decided to stay," said, Alvarado. Also, Victor Galvani, vice president at Parsons, represented Father and Son Moving and Storage in their expansion and relocation of 20,000 s/f to 45 Dunham Rd. in Billerica. Father and Son Moving and Storage is a family-owned Boston based moving company. "The company is moving to accommodate their growing business," said Galvani. 45 Dunham Rd. was a great fit for several reasons. The building is an industrial warehouse and storage facility office, off Middlesex Tpke., 3.5 miles from I-95, 8 miles from I-495 and less than 20 miles from Boston. "The location was ideal for the company who needed access to all of the major thoroughfares," said Galvani.
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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,
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Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

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.
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