News: Front Section

Galaxy Development purchases an existing 26,000 s/f building with plans to redevelopment parking, landscaping and building

Galaxy Development of Auburn, is purchasing an existing 26,000 s/f building at the intersection of Sutton Rd. and Cudworth Rd. The building sits on 3 acres of land and is a short walk from the headquarters of MAPFRE Insurance, which employs over 3,000 people. Plans call for the complete redevelopment of the parking areas, landscaping and building. Over half of the space will feature a new and renovated Pure Fitness health club which will benefit from its own parking lot to one side of the building. The other side will include all new storefronts and units directly facing the busy intersection and will be flexible to accommodate retail or office space from 2,000 s/f up to 10,000 s/f or more. The acquisition of this property brings the total of properties Galaxy has developed in the Webster, Oxford, Dudley area to 200,000 s/f. Others projects include the new Price Chopper plaza with Panera Bread and Verizon, Mill Brook Plaza which is home to HR Block, Dollar Tree, Little Caesars Mexicali Fresh Mex Grill and Supercuts, as well as free standing stores Walgreens and Advance Auto all of which are in Webster, Rite Aid in Dudley and several industrial buildings in Oxford. With occupancy of all these projects at 100% Galaxy is excited to bring more opportunity for business to the area.
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,
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Columns and Thought Leadership
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:
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.