Nelson, Ingalls and Boulos of CBRE| The Boulos Co. broker three leases totaling 8,942 s/f, in Portland, ME
CBRE|The Boulos Co. (CBRE Boulos) recently completed the following transactions:
* Andy Nelson of CBRE brokered the lease of 1,800 s/f of office/retail space at 1039 Washington Ave. to Visibility for Washington Avenue Realty LLC on behalf of the landlord. Visibility will open for spa related services soon. Roxane Cole of Roxane Cole Commercial Real Estate represented the tenant.
* Andrew Ingalls of CBRE brokered the lease of 1,302 s/f of retail space from One Monument Way LLC on behalf of the tenant, Roost House of Juice at 11 Free St. Drew Swenson of Paragon Commercial Real Estate represented the landlord.
Roost is managed by its owners Kathleen Flanagan and Jeanette Richelson and will offer fresh-pressed organic juices and smoothies prepared with local organic produce. Committed to healthy living and a dedication to community, Roost will offer complete transparency in their ingredients and product sources while maintaining a low carbon footprint. Part of Roost's commitment to serving their community will include a monthly rotating "Give a Hoot Juice" in which a percentage of the profit for that juice will go to a local organization or program that aligns with their mission to create a healthier, more peaceful and positive Portland.
* Gregory Boulos of CBRE brokered the lease renewal and expansion of 5,840 s/f of office space for The Maine Real Estate Network at 75 John Roberts Rd. from Roberts Road Associates.
The Maine Real Estate Network (TMREN), Maine's largest residential real estate agency, has expanded at Eastern Mall Office Park. TMREN, locally owned and independent, boasts ten offices statewide and continue to grow. This new location will serve as their headquarters. "By providing our real estate professionals with high splits, no office fees and freedom to do what it takes to get transactions to the closing table, we have become the fastest growing real estate company in Maine. We will continue to build and improve our company to better serve sellers and buyer of real estate in Maine." said Loni Graiver, resident.
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,
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.
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.
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.