News: Front Section
Posted: November 19, 2007
Apartment Realty Advisors brokers 160-unit sale for Emerson Gardens
Apartment Realty Advisors (ARA) brokers the sale of a 160-unit multifamily property. The Dolben Co. purchased the complex for $21.6 million from Emerson Gardens LP. Emerson Gardens was developed in 2004 by SMC Management Corporation.
"The steady job growth in the Lebanon/Hanover area, driven in large part by the continuous expansion of Dartmouth Hitchcock Medical Complex and Dartmouth College has created a strong demand for high quality rental housing," saidTerry Scott, senior vice president of ARA New England. He and ARA New England principals Richard Robinson as well as Travis D'Amato represented the seller, Emerson Gardens LP.
Dolben Company's acquisition is located at 19 & 21 Spencer St. It is situated on 5.7 acres and is the only first class apartment complex to be built in the upper valley area.
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,
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:
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.
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.
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.