News: Front Section

McNamara of Poirier Realty sells 13,309 s/f former nursing home

Tom McNamara of Poirier Realty represented the seller, Masters Christian Academy, and assisted the buyer, The Guild of St Agnes of Worcester, Inc., in the sale of 155 Green St. for a sale price of $572,000. The 13,309 s/f former nursing home and private school has a 1.25 acre lot with parking and over 30 rooms located on one level. With handicap accessibility and access to the highway, the property suited the plans of the buyer to consolidate several programs and expand others. In a separate transaction, McNamara represented the landlord in the lease of 650 North Main St., Leominster, to Rehabilitative Resources, Inc. Doug Nadeau of C-21 Realty Team represented the tenant. The 8,374 s/f single story commercial building on Rte. 12 provided highway access, a large flexible structure, and parking on the 41,000 s/f commercial lot. The landlord and tenant agreed to a 10 year lease which gave the tenant an opportunity to complete their own leasehold improvements. This location had been a Mr. G's Party Center for the previous 10 years.
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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,
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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.
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.
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.