News: Front Section
Posted: May 31, 2024
Cruz of The Stubblebine Co. brokers $4.6m sale to Heavenly Investments
Methuen, MA Danny Cruz, senior advisor at The Stubblebine Company/CORFAC International represented the buyer, Heavenly Investments, in the purchase of 25 Calumet Rd., for $4.6 million. The property totaled 28,754 s/f of existing industrial distribution space on 1.99 acres.
The seller of the property was Donahue Bros. who were represented by Mike Harrington of Harrington & Company.
Cruz said, “We are grateful to Heavenly Investments for allowing us to serve them in the purchase of this quality asset. As always, our friends at Heavenly Investments were professional and extremely easy to work with. Also, many thanks to Mike Harrington for being an outstanding partner.”
Tags:
Front Section
MORE FROM Front Section
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,
Quick Hits
Columns and Thought Leadership
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.
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:
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.
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.
