 (2).jpg)
News: Front Section
Posted: January 7, 2022
Metrowest Commercial Real Estate, Gordon RE and RW Holmes handle $695,000 office building sale
Framingham, MA Representing the seller, Marlene Aron, senior broker, Metrowest Commercial Real Estate and Jonathan Gordon, Gordon RE completed the sale of 211 Cochituate Rd., a 3,514 s/f multi-tenanted office building.
Aron had sold 211 Cochituate to the present owner in 2001 and Gordon RE has done the office leasing at the property for many years. The two firms collaborated to make sure the seller was able to close in 2021 to avoid the possibility of an increase in the capital gains tax in 2022.
The buyer, a local law firm, was represented by Craig Johnston, RW Holmes and the selling price was $695,000.
Aron said, “The property sold within one week with competitive bidding. The new owners will be moving their law practice into the building after renovations. Their firm specializes in special needs advocacy with many services offered for free. The location, Rte. 30 signage and available first floor space made 211 Cochituate Rd. a perfect fit.”
Tags:
Front Section
MORE FROM Front Section
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,
.png)
Columns and Thought Leadership
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:
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.
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.
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.
