DiGangi and Quinn of Boston Brokerage Group handles $3.125 million in two sales
Joseph DiGangi and Robert Quinn of the Boston Brokerage Group represented both the buyer and seller for the sale of 183 St. Botolph St., a 4 unit residential building in the city's Back Bay.
The seller was James DeVellis and the buyer is 8 Sunset LLC. The buyer purchased the asset for $1.85 million as part of a 1031 exchange. In order to do so, he hired DiGangi and Quinn to broker the sale of 6-8 Sunset Street, a 4 unit residential building in the city's Mission Hill. The buyer of 6-8 Sunset St. is Big River Properties LLC. Noah Dweck of Big River Properties represented the buyers. The purchase price was $1.275 million.
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,
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.
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.
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: