News: Front Section

Meredith & Grew leases 5,787 s/f to Citibank at 99 High St.

Citibank, a division of Citigroup, Inc., the global financial services company, has leased 5,787 s/f of premier street-level retail space at 99 High St., a 730,000 s/f signature first class office and retail building in Boston's Financial District. The space, on the corner of High and Congress Sts., serves as the 11th Citibank retail branch to open in Greater Boston. Meredith & Grew senior vice president Ted Chryssicas and associate Jon Martin represented the tenant. Jones Lang LaSalle managing director Bill Barrack and vice president Ben Heller represented the landlord, TIAA-CREF, in the transaction. An extensive capital improvements program at the building is now underway. The upgrades include a new monumental portal entrance, granite facade on the lower levels, awnings and planters at street level, lobby lighting, and system updates. The new 99 High rises above the Rose Kennedy Greenway. Working with Barrack on the office leasing is vice president Ben Heller. Jones Lang LaSalle has completed over 320,000 s/f of leasing in the building over the lastfive years. Current tenants include Adams Harkness, NASD, KPMG and AON. The management team is comprised of senior vice president Dan Ozelius and vice president Bruce Clifford. Jones Lang LaSalle managing director Mark David oversees all construction activities. Elkus/Manfredi Architects is designing the renovations.
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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.
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.