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News: Front Section
Posted: May 9, 2013
Cushman & Wakefield completes 9,030 s/f lease for LCB Senior Living, LLC
Cushman & Wakefield completed a 9,030 s/f office lease at 3 Edgewater Dr., a 50,000 s/f office complex. The transaction will enable the tenant, LCB Senior Living, LLC, to relocate its existing headquarters from River Ridge Dr. Cushman & Wakefield's Peter Whoriskey and Mike Frisoli represented LCB Senior Living. The landlord is E&F Realty Associates.
LCB Senior Living is a senior housing developer and operator founded in 2010 by the management team of the former Newton Senior Living, LLC (NSL). NSL developed nine residences in New England, acquired an additional 12 properties, and managed 6 third-party residences in 8 states throughout the Eastern Seaboard. It was the 16th largest assisted living company in the nation-with 2,700 units of senior housing and more than 1,600 associates—when it was sold to Lazard Freres in 2005.
LCB currently owns the Arbors of Bedford in Bedford, N.H., and manages two third-party assisted living facilities: Traditions of Wayland and Traditions of Dedham. The company is scheduled to break ground on the construction of four new projects comprising 320 assisted, independent and memory impairment units in 2013.
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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,
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Columns and Thought Leadership
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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.
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.
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.
