News: Front Section
Posted: June 26, 2020
Berkowitz of O,R&L Commercial arranges 18,720 s/f industrial lease
Bloomfield, CT Mark Berkowitz of O,R&L Commercial, LLC has facilitated a lease of an 18,720 s/f industrial space. The space is located at 460 Woodland Ave., a one-story, 57,000 s/f building on 3.23 acres, built in 2006 and divided into smaller spaces for lease. The space was formerly occupied by Red Bull Distribution Co., who relocated to a larger facility in Wallingford. The new tenant Iconotech relocated from a smaller facility in Clinton. Berkowitz of O,R&L represented the tenant, Iconotech, and the landlord, FJS Properties LLC represented themselves.
O,R&L Commercial represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.
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Columns and Thought Leadership
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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:
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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.
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.
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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.
