HK Group's Fellah and Lynch assists Ray Gauri in $1.425 million sale
A 10,000 s/f retail center at 2115 - 2135 Boston Ave. has been sold for $1.425 million to Westrock Development, LLC from Yonkers, N.Y., a real estate investment company.
Directly on U. S. Rte. 1, the property was fully leased to six tenants, including a restaurant.
HK Group was exclusive agent for the seller, Raj Gauri, LLC, and was the only broker involved. Executive vice president Franco Fellah and sales associate Kate Lynch were both responsible for completing this sale. Attorneys were Dan Nagel of Cohen & Wolf, Bridgeport and Scott Gerard of Randel & Gerard.
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,
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.
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.
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: