Malone Commercial Brokers handled six leases totaling 8,627 s/f
Malone Commercial Brokers recently completed the following transactions:
Academy of Developing Artists of Maine has leased 2,376 s/f of office space from Northern Ventures, LLC at 432 Elm St. in Biddeford. Mike Miller completed the transaction.
House and Barn Builders has renewed its lease of 4,020 s/f of space from C and N Properties, LLC at 273 Presumpscot St. John Doyon, CCIM, completed the transaction.
Ellen, Inc. has purchased 1,500 s/f of newly constructed industrial condo unit from B and L Partners LLC at 585 Riverside St. unit 7. Joe Malone, CCIM, and Marc Fishman of Fishman Realty completed the sale.
John Lemon has extended its 425 s/f suite lease for offices at 222 St. John St. Also, Amy Partridge-Barber has extended its 526 s/f lease at the same location. Cowcatcher LLC is the landlord, and the building is managed by East Brown Cow Management. Peter Harrington was the listing broker for both leases.
Principal Life Insurance Co. has leased 380 s/f of office space from Soley Wharf LLC at 100 Commercial St. Harrington completed the transaction.
Cooper Properties has leased 900 s/f of office space from Ocean Associates LLC at 42 Market St. Harrington completed 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,
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:
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.