News: Front Section

Industrial Concepts Brokerage appoints Wolfson to broker/consultant at Wolfson Cutler Real Estate

According to Industrial Concepts Brokerage (ICB), a firm specializing in marketing and re-purposing of industrial and commercial non-conforming properties, Richard Wolfson has been retained as a broker/ consultant at their sister company, Wolfson Cutler Real Estate, a 58-year old residential real estate firm, which ICB recently acquired. Fred Massa, president of ICB and Wolfson Cutler, said that Wolfson will play a key role in the continued expansion of the firm. In his capacity as broker/ consultant, he will fill the dual role of broker and special advisor to Massa, bringing his 38 years' residential real estate experience to the team. Wolfson previously served as managing partner of Wolfson Cutler, and played a pivotal role in guiding the firm through the last four decades of its growth. The firm was founded by his father, Samuel Wolfson, who specialized in both real estate and insurance. Wolfson recalls that it was a real "Mom and Pop" venture in 1953 when it was founded. The firm sold thousands of homes over the years in the Medford, Malden and Everett areas. In the mid 1990s Wolfson brought on Mark Cutler, someone with strong real estate and development background, as a partner. The firm grew to a level where there were at one time more than 20 employees during the real estate boom, and the firm still maintains a staff of 14. Wolfson is an active and visible figure in the Medford community. He serves on the Board of Directors of the Medford Chamber of Commerce, as well as on the board for the Greater Medford VNA, is a 32-year member of the Medford Rotary, an incorporator of the Lawrence Memorial Hospital, and is a former Director of Temple Shalom. Massa said, "Richard is a consummate real estate professional who has been a driving force in the growth of this family business. When we looked at acquiring the business we knew that we wanted to keep Richard and his partner Mark as part of the team. We look forward to working with them, and the entire Wolfson Cutler team, to build on the great success that they have achieved."
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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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:
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.

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.
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.