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News: Front Section
Posted: February 20, 2014
Barnes of Cambridge Capital Advisors, LLC negotiates $2 million sale of 82 Hartwell Avenue
Cambridge Capital Advisors, LLC has negotiated, on behalf of a private investor, the acquisition of The Salter School Building. The property is a single-tenant, net-leased office building located at 82 Hartwell Ave. The sale price was $2 million. The tenant, a national trade school organization, has occupied the building since 2003 and recently signed a new 10 year lease.
Richard Barnes, associate director of Cambridge Capital, identified the property to fulfill his client's 1031 Exchange requirement. The seller was represented by Kelley Collins of Collins Commercial Real Estate.
Cambridge Capital is a commercial real estate firm that provides strategic real estate advisory and consulting services to both private and institutional clients throughout the country on the acquisition and disposition of investment properties.
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Quick Hits
Columns and Thought Leadership
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.
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.
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.
