News: Front Section

First Realty Management acquires five new condominium management contracts in New England

First Realty Management has acquired five new condominium management contracts, all of which commenced this summer. Bristol Landing, a 62-unit luxury townhouse community in Bristol, is the company's 21st property in the Ocean State, where it recently opened a satellite management office in Providence to handle its growing portfolio in that region. In Massachusetts, First Realty has added Sutton Pond, 188 mixed use condominiums in North Andover; Wellesley Green, 150 units in a garden style luxury community; and Repton Place, a 179-unit mid-rise condominium located in Watertown. Most recently, First Realty assumed management of XII Stoneholm Street, a 121-unit condominium with garage in downtown Boston. Earlier this year, Melrose Towers, comprised of three buildings totaling 164 condominiums, and Hamilton Bay, a 168-unit high-rise condominium in Quincy, Mass. also chose First Realty as managing agent. First Realty is an Accredited Management Organization with over 50 years experience in managing every type of property, from award-winning affordable tax credit and mixed use apartment developments to world class luxury condominium associations. The company currently manages 69 condominium and rental communities totaling over 6,500 units, in addition to retail and office locations.
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
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:
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.

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.
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.