Marr of Keliher Real Estate completes $2 million sale of 99 Tremont Street
Douglas Marr of Keliher Real Estate has sold a 20,000 s/f lot at 99 Tremont St. in the Oak Sq. District for $2 million for the Lombardi Family Trust to Jim Keliher of Mainsail Management. Keliher is building a 62-unit rental property with 94 parking spaces 7-story structure. He is partnering up a joint venture with the Seracen Properties. This permitted 62-unit building will break ground soon and is expected to be completed in 16 to 18 months.
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.