News: Front Section
Posted: March 15, 2024
Borus of NAI Glickman Kovago &
Jacobs brokers $610,000 sale
Worcester, MA Nicoma LLC has purchased the 2,000 s/f building on 10,000 s/f lot located at 1369 Main St. (at Grand View Ave.). The buyer intends to utilize the property for their auto repair, sales and inspections service business, Bravo Auto Sales & Service. NAI Glickman Kovago & Jacobs senior vice president, Jeff Borus brokered the transaction. The sale closed at a price of $610,000.
Borus said, “In addition to the services that have always been offered to Bravo’s customers, this new location will also provide them and others in the area an inspection sticker service in a densely populated area of the city. Glad we were able to find them a home where their business will be able to continue to thrive.”
Tags:
Front Section
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,
.png)
Quick Hits
Columns and Thought Leadership
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:
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.
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.
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.