News: Front Section
Posted: July 19, 2019
Brady Sullivan Properties pledges $78,750 to Palace Theatre project with Community Development Finance Authority
of Brady Sullivan Properties and Peter Ramsey,
president and CEO of the Palace.
Manchester, NH Brady Sullivan Properties has pledged $78,750 towards the Palace Theatre Trust’s project with the Community Development Finance Authority (CDFA), which has helped fund the redesign of the theatre entrance with a new system of energy efficient doors and mechanisms for maximum accessibility.
CDFA’s competitive grant program matches viable non-profits with conscientious local businesses to foster community and economic development projects and programs in New Hampshire. CDFA gives a 75% state tax credit for donations that may be applied to the New Hampshire business profit tax, business enterprise tax and/or the insurance premium tax.
Peter Ramsey, president and CEO of the Palace Theatre Trust said, “On behalf of the Palace’s Trustees and the thousands of patrons we serve annually, I deeply appreciate the support we received from Brady Sullivan, which assisted us in completing this important project. Together, we are making Manchester a better place to live, work and raise families, by making the arts more accessible to all.”
Listed on the National Register of Historic Places, the Palace Theatre is a nonprofit performing arts center that opened on April 9, 1915 and is celebrated as one of Manchester’s historic gems. The Palace hosts its own professional company, youth and teen programs and presenting acts. It is committed to achieving its mission through preserving the historic facilities of the theatre, responding creatively to the cultural and entertainments needs of the community and governing in a fiscally responsible and strategic manner. Learn more about the Palace Theatre at www.palacetheatre.org.
Brady Sullivan Properties is one of New England’s largest Real Estate developers, with an extensive portfolio of residential and commercial properties throughout New Hampshire, Massachusetts and Rhode Island.
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)
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:
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.
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.
