JLL's Ostop, McMahon, Schless and O'Neil complete two leases
Jones Lang LaSalle Inc. has completed two lease transactions for a combined 3,280 s/f of first class medical office space at The Rutherford of Blue Back Sq. The 128,000 s/f medical office building in Blue Back Sq. is part of the 600,000 s/f mixed-use development owned by Blue Back Square, LLC. Jacobs Sodipo and OBGYN Associates are both new tenants to the building leasing 1,900 and 1,380 s/f, respectively.
Jones Lang LaSalle associates Christopher Ostop, senior vice president; Shawn McMahon, senior vice president; Gary Schless, vice president; and Sean O'Neil, assistant vice president represented the owner and tenants in both transactions.
The Rutherford is a four-story, class A medical office building located at 65 Memorial Rd. with access to I-84.
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: