News: Front Section

Arakelian of Lila Delman handles $1.1 million sale

South Kingstown, RI Lila Delman Real Estate completed the sale of 18 East Pointe Court for $1.1 million. This represents one of the highest condominium sales in town, since the inception of the current MLS System. Gregory Arakelian, senior commercial consultant at Lila Delman and director of sales for The Pointe Beach Houses, represented the seller and facilitated for the buyer.

The Pointe Beach Houses is a private, gated association in East Matunuck comprised of fourteen custom-designed homes sited on five waterfront acres surrounded by conservation land with panoramic views of Potter Pond and the Atlantic Ocean.

“The Pointe Beach Houses is one of New England's most exciting new luxury seaside communities and was chosen over other vacation destinations such as the Cape, Nantucket and the Vineyard for its flawless fusion of waterfront luxury and cool, casual comfort, and it happens to be exactly in between one of New England's best beaches and one of New England's best Oyster Bars, both within walking distance,” said Arakelian.

These premium Beach Houses are traditional in style, reflecting classic New England architecture, and blend striking residences with the waterfront amenities of a seaside retreat. Superbly detailed with finishes that include hand dipped cedar, mahogany, stainless steel, imported hardwoods, quartz counters, glass pendants and molding fashioned by local craftsman. Interiors flooded with natural light are shaped by cathedral ceilings and framed with floor-to-ceiling glass leading to generous decks that extend an invitation to the seaside panorama below. The harmony of maintenance free design and a gated home owner’s association fosters comfort and tranquility, where families can come together in a relaxed environment of casual elegance.

 

 

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

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.
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.