Longtime New England Real Estate Journal friend Jack Otis passes away
Jack Otis passed away on August 30 and was a New England Real Estate Journal (NEREJ) friend for 50 years and a friend of NEREJ founder Rolly Hopkins for 65 years.
Otis worked in the elevator industry starting with Otis Elevator Co. (no relation) and finishing his career with Advanced Elevator.
He graduated in 1951 from Rivers Country Day School in Weston. He was captain of the football, baseball and basketball teams.
Hopkins met him on the baseball diamond and they remained good friends ever since.
Otis was a good golfer, a good father, a good athlete, and most important, a good husband.
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,
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:
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.