News: Front Section

JJManning sells four Brookline condos in $5 million auction for Citizens Bank

JJManning Auctioneers has sold at auction 4 units in the residential complex Longyear at Fisher Hill at 120 Seaver St. On auction day, 13 bidders filled the model unit. The 4 luxury condominiums at various stages of completion sold individually to 3 end users and 1 investor. With a top bid of $1.725 million for the penthouse unit, the $5.12 million auction on behalf of Citizens Bank also included the rights to use 4 additional parking spaces and 2 storage areas for residents only. Company president, Justin Manning, conducted the auction and said, "The bidder participation and active bidding was a strong and positive sign for the high end condominium market in Greater Boston." In a prime location just north of Rte. 9 and 1 mile west of Brookline Village, Longyear at Fisher Hill is an 8 acre gated community featuring 43 residences in a restored 1890's grand stone mansion and 4 additional buildings,. The residences offer spacious rooms, high ceilings and windows, fireplaces, elevator access, indoor parking, and private terraces with views of the grounds and gardens set within the Fisher Hill neighborhood designed by landscape architect, Frederick Law Olmstead. JJManning Auctioneers provides expert accelerated marketing and asset disposition solutions to Fortune 500 companies, REITs, corporations, government agencies, financial institutions, REO portfolio managers, small businesses, and private individuals across America. Since 1976, JJManning Auctioneers has successfully marketed and sold over 14,000 commercial, industrial, and residential real estate properties.
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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,
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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.
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