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News: Front Section
Posted: December 1, 2023
Gatti and Papazian of Greater Boston Commercial Properties broker $6 million sale
Westborough, MA Benjamin Gatti and Nishan Papazian of Greater Boston Commercial Properties, Inc. represented the seller in the sale of 34,500 s/f at 180 Turnpike Rd. This stand-alone flex building is situated on 7.27 acres on Rte. 9. The sale price of $6 million represents a cost per s/f of $174, although the buyer’s intention is to demolish the building and redevelop the site.
TTHY Westborough LLC’s acquisition was contingent on permitting a new Hyundai automotive dealership including a showroom, sales and financing offices, and customer lounge. The first level will have a service drive-in, advisors, and automotive service shop. The second and third levels will be unenclosed parking garages with car displays.
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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,
Quick Hits
Columns and Thought Leadership
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
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
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.
