News: Front Section

Cummings Properties general contractor for 63,000 s/f speculative office building

Cummings Properties is developing a speculative office building and serving as the project's general contractor. The total all-in cost of this building will be $2.8 million to completion. It will be a 63,000 s/f office building on its North Rd. campus. The property is owned by the Cummings Foundation, a philanthropic organization. Acknowledging the risk of starting a building without clients, Eric Anderson vice president of leasing explained his firm's rationale and said, "Our complex at 142 North Rd. has been 100% occupied for several years, which supported this site as an ideal business location." According to Anderson, 144 North Rd. is suitable for almost any industry. He pointed out the practicality of the location, mentioning the on-site day care, a Montessori school, and nearby restaurants, hotels, and shops. Situated on Rte. 117, the building will be ready for fall occupancy. According to the in-house architect, chairman Mike Pascavage AIA, the building's design includes continuous horizontal bands of windows which provide natural light and views. Cummings has also incorporated energy conservation measures into this facility. Pascavage pointed out that 144 North Rd. is designed to meet LEED certification.
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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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

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

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: