CB Richard Ellis/New England, a joint venture partner with CB Richard Ellis, brokered a new 9,050 s/f lease on behalf of Normandy Real Estate Partners at Dedham Place. Joining the property at 3 Allied Dr. is MediaTek Inc. The CBRE team of Steve Clancy, executive vice president/partner, and Jim Nicoletti, executive vice president/partner, represented Normandy R.E. in the transaction. Jack Kerrigan, executive vice president, and Steve Cook, senior vice president, both of Grubb & Ellis, represented MediaTek Inc.
Dedham Place, a four-story, 161,000 s/f class A office building, is located at exit 14 of Rte. 128/I-95. The property features full-service conference facilities and covered parking and is attached to the Hilton Boston/Dedham, a 256-room hotel and conference center. Shared amenities include an on-site restaurant, a full-service health and fitness center, indoor swimming pool, tennis courts and jogging trails.
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,
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.
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:
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.