News: Front Section
Posted: November 26, 2007
Marr of Keliher and Carucci of ERA negotiate $20,816,864 investment
Douglas Marr of Keliher Real Estate and Michael Carucci of ERA Group Boston sold an investment package to Urban Meritage for $20,816,864. The package included 11,500 s/f of retail condominiums on the corner of Dartmouth and Newbury St., located at 144 Newbury St. and 265-275 Dartmouth St.
The buildings are tenanted by Paparazzi, Madura of Paris home furnishings, Salon Red and Yoshi Sushi. The package also included 234 and 236 Clarendon St.consisting of 13,500 s/f and 130 Tremont St., a six story retail/office building of over 12,500 s/f anchored by Bank of America.
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Quick Hits
Columns and Thought Leadership
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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.
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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:
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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.
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.
