Buth and Bertrand of MB Real Estate broker a 214,400 s/f lease
MB Real Estate (www.mbres.com signed a long-term lease renewal agreement with Blue Cross Blue Shield Association (BCBSA). The largest tenant at 225 N. Michigan Ave., one of the two towers in the Michigan Plaza complex, BCBSA occupies more than 214,400 s/f on all of floors two through six plus part of floors eight and nine, making today‚s lease transaction one of the biggest in Chicago in 2007.
The 12-year lease renewal was brokered by Mark Buth and Kathleen Bertrand of MB Real Estate and Lisa Konieczka, Cal K. Wessman and Bill Sheehy of CB Richard Ellis, on behalf of the Blue Cross Blue Shield Association.
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.
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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.
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.