News: Front Section

CBRE's Levendusky, Olson and LeClair broker four leases - 12,321 s/f

CB Richard Ellis has brokered four new leases totaling 12,321 s/f at Shattuck Office Center located at 138 River Rd. The firm represented the landlord, an affiliate of Meritage Properties, in all four transactions. Tenants include GENEX Services, Inc. (1,600 s/f), a provider of cost containment and fully integrated case management services in the occupational, non-occupational, auto and group healthcare markets, General Atomics (3,544 s/f), a high-tech company specializing in diversified research, development and manufacturing, CL Verify (2,267 s/f), a consumer reporting agency, and the U.S. General Services Administration on behalf of the U. S. Department of Labor (4,910 s/f) "We purchased Shattuck in 2005 and have always felt that the building's boutique charm, its location directly off I-93 and its ability to cater so well to smaller tenants make it a unique building within the Interstate 495 north market," said Erin Daly of Meritage Properties. The CBRE team of Jason Levendusky, first vice president, Kerry Olson, vice president, and Robert LeClair, associate, represented the ownership, an affiliate of Meritage Properties. Andy Whipple, associate at Colliers Meredith & Grew, represented General Atomics; Mike Taylor, vice president at T3 Realty Advisors, represented CL Verify; GSA was represented internally. CBRE's LeClair represented Genex Services, Inc. in its transaction. Shattuck Office Center is a 62,806 s/f class A office building located at 138 River Rd. The property is adjacent to I-93. and is less than three miles from Interstate 495 and just thirty minutes north of Downtown Boston and Logan International Airport. Built in 1984, the building offers access to numerous nearby amenities including a full-service Wyndham Hotel, a Courtyard Marriot and a variety of restaurants and eateries.
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Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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

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.
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