Hughes of New Dover Associates represents Gold Brick Development in 10,642 s/f lease
Preston Gray Corp. d/b/a New England Garden Ornaments has leased 10,642 s/f of office, showroom and warehouse space at 25 Union Ave. John Hughes, associate, of New Dover Associates, Inc. represented the property owner, Gold Brick Development, LLC. Preston Gray was represented by Laura Meier, principal, of Black Horse Real Estate, Inc.
25 Union Ave. is a single story, 33,503 s/f industrial/distribution building on five acres with ample parking.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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.
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.
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: