Malone Commercial Brokers completes 90,400 s/f lease for Bush Equities, Inc.
Malone Commercial Brokers recently completed the following transactions:
* Bush Equities, Inc. leased 90,400 s/f at 70 Quarry Rd. J.B. Brown & Sons is the landlord. Jim Harnden and Matthew Barney of Malone brokered the transaction.
* Ronald Treister will relocate his Maine office to 50 Portland Pier. John Doyon, CCIM and Peter Harrington of Malone assisted with the transaction.
* Health Affiliates of Maine, Inc. leased 657 s/f at 222 St. John St. Cowcatcher LLC is the landlord and East Brown Cow is the property manager. Peter Harrington and David Caron of Malone Commercial Brokers brokered the transaction.
*JJR 443 Congress LLC purchased 443 Congress St. The 7-story 38,000 s/f office building near Monument Sq. is also known as the historic Clapp Memorial Building. The Mary J.E. Clapp Trust was the seller. Joe Malone, CCIM and Harnden and Barney brokered the transaction.
*Miyake LLC leased 1,389 s/f for its restaurant at 470 Fore St. in Portland. The company has two other restaurants in the city, Miyaka and Pai Men Miyake. 468 Fore Street Realty LLC is the landlord. Harrington of Malone brokered the transaction.
* Emerald City leased 862 s/f at 564 Congress St. Emerald City is a retail shop selling gifts for all occasions, cards, jewelry and uniques. Terbax Realty Inc. is the landlord. Malone of Malone brokered the transaction.
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,
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.
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.
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: