News: Front Section
Posted: November 15, 2019
Kelleher and Pentore of Horvath & Tremblay handle $3.425 million sale
Somerville, MA Dennis Kelleher and John Pentore of Horvath & Tremblay completed the sale of 1 Beacon St. for $3.425 million. Kelleher and Pentore exclusively represented the seller, 1-3a Beacon St LLC, and buyer, 42 North Capital, LLC.
1 Beacon St. is a three-story, mixed-use property containing two, street-level retail units (Starlight Lounge and Parlor Sports) and four, three-bedroom residential units. The property contains 7,010 s/f of livable area, within 10,596 s/f of gross area, on a .13-acre corner lot. The Beacon St. asset is located one block from the Inman Sq. intersection at Cambridge and Hampshire Sts. The high-density neighborhood is home to services, retailers, dining, drinking and entertainment options, all of which make Inman Sq. one of the most desirable places to live in the area.
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Columns and Thought Leadership
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.
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.
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:
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.
