Fleisher and Lefebvre of Shanley Realtors broker $3 million building and land sale
Kline's Furniture Company has been in business for 71 years, 51 of those in their current location at 51 Islington St.
That will soon change as Andy Fleisher of Shanley Realtors brokered a real estate transaction to transfer ownership of the land and building.
Fleisher, representing the current owners, Lenny and Roberta Baer, plus sons Billy and Randy, worked with Barbara Theodore of Olde Port Properties and new owner Steve Kelm.
Fleisher notes that with the combination of a 30,000 s/f lot and the current 2.5-story, building, the new owners have a wealth of options. "Given its close proximity to downtown Portsmouth, all commercial enterprises coupled with residential housing are a realistic option," said Fleisher.
The selling price, including land and building was $3 million
Dave Lefebvre, commercial division manager, worked with Fleisher and the Baers throughout the transaction. 
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,
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.
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.
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: