According to John Fenton, Avison Young principal and managing director, commercial real estate broker Michael Ciummei has joined Avison Young's brokerage operations. Ciummei recently graduated from Bates College in Lewiston, Maine with a B.A. in economics.
Effective immediately, Ciummei joins Avison Young as an associate. He will work with the team of principal Karyn McFarland and vice president Matt Twombly, representing both tenants and landlords in the downtown office market.
"We are very pleased to be the fastest growing commercial real estate company in North America. Hiring Michael is yet another example of Avison Young ramping up to make an impact on the Boston market," said Fenton.
"Matt and I have a great track record and solid partnership. I am sure the addition of Michael Ciummei will open up new opportunities for our team," said McFarland.
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.
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.
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: