News: Front Section

Massachusetts Science Center Corp. gets new office thanks to Cummings Properties and BREW's contest

Entrepreneur Michael Bergen has established an office at 165-M New Boston St. for his not-for-profit organization, Massachusetts Science Center Corp. (MSCC). The move from a home office to commercial space was made possible through a contest presented by Cummings Properties and Boston Region Entrepreneurship Weeks (BREW), which offered a free office for one year. Lars Carlson, leasing director at Cummings Properties, helped Bergen identify the most suitable office space. For 17 years, MSCC has provided fun, hands-on math and science presentations for students in preschool through high school. Another contest winner, City Gate Language Services, chose to locate at Cummings Center in Beverly. Bergen and a staff of three teachers have more than 1,200 engaging experiments in their repertoire, and visit schools and private parties, performing for up to 1,000 kids per week throughout the Greater Boston area. Experiment kits are also sold to teachers around the world. According to Bergen, MSCC has plans to expand to include larger-scale programs and additional staff. He said, "In addition to giving the company a professional image, having an office is a first step toward the growth we are anticipating." "We really enjoy working with small business owners like Michael who have great products and lots of potential," said Carlson. "Cummings Properties has a long history of supporting entrepreneurs, and we were delighted to participate in BREW by offering free office space to local companies." Another contest winner, City Gate Language Services, chose to locate at Cummings Center in Beverly. Cummings Properties, a full-service commercial real estate firm, leases and manages 10 million s/f of prime commercial space in 10 greater Boston communities.
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

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:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

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.