News: Front Section
Posted: November 7, 2013
King of King & Newton, LLC Commercial Real Estate brokers $1.6 million sale of Carriage House Apartments
Thomas King, CCIM of King & Newton, LLC Commercial Real Estate brokered the sale of Carriage House Apartments for $1.6 million. Financing of $1.28 million was provided by Hampden Savings Bank. The Carriage House Apartments consisted of two 2 & 2½ story brick buildings containing a total of 44 studio apartments located in the center of town. 1162-1172 Springfield Realty / 1176 Realty Trust sold the property to 1162-1172 Springfield Street Realty Trust, II. The sale also included an adjacent one-story single family dwelling that was net leased.
King & Newton also completed the sale of 595 Main St., Springfield, Mass. The 10,100 s/f property was sold by 595 Main Realty, LLC to Glory, Inc. The property was purchased for redevelopment for retail use. The sale was negotiated by Taylor Newton of King & Newton. The selling price was $326,000.
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
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.
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.
