Newmark Knight Frank (NKF) has expanded its Boston office with the addition of professionals from The Codman Co. Joining the firm are former Codman principals David Campbell, Drew Nelson, Christopher Curley, James Belli, Tom Powers and their group of brokerage professional; along with principal Stephen Prozinski and his management team.
"This expansion brings us much nearer to our goal of becoming a dominant force in the Mass. commercial real estate market," said Barry Gosin, CEO of NKF.
The new property management team brings with it a portfolio of 5.5 million s/f, bringing NKF's New England total to 7.5 million s/f.
Joining NKF as principals are:
Prozinski, who had been CFO, COO and director of property management, as well as a principal of The Codman Co., oversaw all the assets managed by the firm.
Belli joined Codman as a principal in Nov. 2002 to direct the firm's investment sales, having served as senior director of Cushman & Wakefield's financial services group.
Campbell joined Codman as a principal in 2004 after 12 years at Trammell Crow to oversee brokerage in Boston's Western suburbs.
Curley joined Codman as a principal, bringing 12 years of industry experience to the firm. He was previously a VP in the suburban brokerage division of GVA Thompson Doyle Hennessey & Stevens, now GVA Williams, focusing primarily on landlord and tenant representation in the North Suburban markets
Nelson, also a former principal with Codman, is known for his work with technology-related clients, as well as general office leasing brokerage, for which he has won several industry awards for productivity.
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,
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.
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: