Needham of Churchill & Banks Companies, LLC brokers $4.025 million sale of CVS
Christopher Needham of Churchill & Banks Companies, LLC recently brokered the sale of a CVS Pharmacy located at 74 E. Main St. The sale price was $4.025 million. The building is 10,125 s/f. The seller was Boone Bros. LLC, and Bromley Realty Trust purchased the property. There are 5 years remaining on the lease. Needham was the sole broker.
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.
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:
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.