News: Front Section
Posted: August 5, 2016
King and Samberg of King & Newton complete two sales totaling $1.525 million
Thomas King, King & Newton, LLC
Richard Samberg, King & Newton
Monson, MA King & Newton, LLC Commercial Real Estate completed the sale of an industrial building at 96 Palmer Rd. The 56,000 s/f property sold for $825,000. Thomas King, CCIM of King & Newton negotiated the sale. Northeast Investment, LLC sold the property to 3G Management, LLC.
96 Palmer Road - Monson, MA
The property consists of a single story modern industrial building located on 5.62 acres of land. The property will be completely renovated and remodeled to be used for a growth facility for medical marijuana.
Also, Richard Samberg of King & Newton arranged the sale of Maple Apartments located at 19-25 Maple St. and 2-10 Temple St., Springfield, Mass. The property sold for $700,000 and was sold by ODIN Holdings, LLC to Temple Property Group
The apartment building is a unique 3 story brick building located one block from Springfield’s CBD, near the Federal Court House, across from Springfield Museums and 2 blocks from the future MGM Casino.
Tags:
Front Section
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,
.png)
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.
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.
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.