News: Front Section
Posted: January 22, 2021
Mount Vernon and National Development receive approval for WBZ station
Allston, MA The Mount Vernon Company and National Development obtained BPDA Board approval for its planned replacement of the WBZ-TV studio which was originally built in 1948
The new 62,000 s/f building will be located adjacent to WBZ’s current facility on land currently owned by the Mount Vernon Co. Bruce Percelay, Mount Vernon Co. chairman negotiated the transaction with WBZ and ViacomCBS. Percelay said, “This project represents an extraordinary opportunity for us and our partner National Development to build an iconic building that will enhance the burgeoning Allston neighborhood.”
The three-story building designed by Gensler will feature a glass and metal skin and will house a studio, office and production space. The approved project includes substantial public realm improvements on the perimeter of the property. With construction of the planned building, WBZ will remain the only network affiliate broadcasting from a studio within the city of Boston.
Tags:
Front Section
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,
.png)
Columns and Thought Leadership
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
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.
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:
