News: Front Section
Posted: October 11, 2019
Charron of Berkshire Hathaway Verani Realty handles two sales totaling $2.76 million
Concord, NH According to Berkshire Hathaway Verani Realty, senior advisor Michael Charron has completed the sale of two multifamily investment properties for $2.76 million. The transaction includes 44 residential units contained in five separate buildings, and is comprised of a mix of unit sizes and amenities.
Charron said, “The sale of this asset in the Concord NH market is further evidence of the continued strength and investor demand for quality multi-family assets, either stabilized or value-add, in New Hampshire.”
Co-list agent Tom Duffy said, “The expedited sale of these properties reinforces Concord’s commitment to redevelop and revitalize areas of the city to attract and retain the all-important millennial demographic.”
There was strong interest from a number of investor groups as well as from the local brokerage community who represented investors and developers alike.
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
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.
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.
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.