Barry, Francis, and Wall of CB Richards Ellis broker 339,764 s/f sale
CB Richard Ellis has completed an industrial sale of 400, 420, 430 Pine St. and 1.76 acres of partially paved vacant land. The sale price was $2.2 million and consisted of 339,764 s/f. Tom Barry, Charles Francis and Mike Wall of CB Richard Ellis brokered the transaction. Sheldon Rodman of Rodman Real Estate co-brokered the sale. Alan Shine, receiver of Paramount Cards, Inc. sold the properties to Urban Smart Growth, LLC.
400 Pine St. is a 3 story office, warehouse/manufacturing space, 420 Pine St. consists of 4 stories with office, w/m space and 430 Pine St. is a single story warehouse/garage space.
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,
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.
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.
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: