Bob Romeo is president and CEO of Century 21 Franklin Street Associates, Inc., which is a full service residential real estate agency plus a separate commercial division servicing buyers and sellers in Berkshire, Hampshire, Hampden and Franklin Counties.
Romeo, a life long resident of the Berkshires, began his career in real estate in 1972 by purchasing a commercial income producing building in Lenox. During the following 30 years or so he purchased and restored number of additional buildings.
These last 30 years also saw Bob's becoming very involved in the Lenox Planning Board, Historical District Commission and Chamber of Commerce (each of which he chaired at one time or another), the Berkshire Visitors Bureau and other local development organizations or committees. His experiences within those groups provided the knowledge and know how to develop and complete three separate residential home subdivisions in Lenox. A total of 24 homes were built and sold within these subdivisions by his company, Taradale Realty Corporation.
In 1993, Bob purchased a partnership interest in an existing Lenox based real estate company, Franklin Street Real Estate. 1998 saw Bob secure the balance partnership of Franklin Street and move the company to a much larger site at 31 Church Street, Lenox, Ma.
Franklin Street became a part of the Century 21 franchise family in November 2000. The company is now known as Century 21 Franklin Street Associates, Inc. and occupies the entire 2,800 sq.ft. office space in a circa 1840 restored barn.
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.
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.
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: