Bauer of The Business Exchange LLC represents buyer in $1.27 million acquisition
According to The Business Exchange LLC (TBX) of Hyannis, West Corner Properties LLC has acquired the restaurant formerly known as d/b/a Dinero's for $1.27 million. The sale included all assets of the former restaurant and real property. Adam Bauer, principal of TBX represented the buyer West Corner Properties LLC d/b/a Corner Stop Eatery in the sale. Stephen Brady of Custom House Realty represented the seller, Kim Rich Realty Trust. The property consists of 6,353 s/f on 0.88 acres located at 235 Hull St. The new operators plan on a major renovation and will open in the early fall. Al Inglesi, VP of Eastern Bank arranged the financing for the sale.
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,
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:
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.