News: Front Section

Nahigian of Auburndale Realty completes 2 leases totaling 26,481 s/f

Rob Nahigian, FRICS, SIOR, CRE of Auburndale Realty Co., recently completed an office lease transaction representing OMICRON electronics USA, an Austrian based company. OMICRON leased 5,600 s/f of office space at 230 CityPoint. The landlord is BP Prospect Place LLC. Nahigian was engaged as its exclusive broker on this assignment from May until the lease consummation during September. OMICRON leased its first Boston area location and is headquartered in the U.S. out of Houston, Texas. Approximately 15 employees will be working in the Boston office. OMICRON electronics is an international company providing innovative solutions for primary and secondary testing. Combining innovation, leading edge technology, and creative software solutions, OMICRON's sales have world leader status for this niche market today. Customers in more than 130 countries rely on the company's ability to supply leading edge technology of excellent quality. Broad application knowledge and extraordinary customer support provided by offices in North America, Europe, South and East Asia and the Middle East, together with a worldwide network of distributors and representatives, make the company a market leader in its sector. Nahigian also completed a second lease transaction representing Health Management Systems in its expansion and renewal of 20,881 s/f of office space at the Hood Business Park, 510 Rutherford Ave., Charlestown, Mass. Cushman &Wakefield represented the landlord, Hood Business Park LLC. Health Management Systems (HMS) is the strategic source for innovative revenue recovery and cost containment solutions that benefit public healthcare. Its clients include state and county programs, as well as Medicaid managed care plans. Using state-of-the-art information management and processing technology, HMS offers scalable services—from supplemental to full outsourcing—to help clients make efficient, appropriate use of public healthcare funds. HMS is part of HMS Holding Corporation headquartered in New York City.
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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
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:
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.
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.