News: Front Section
Posted: December 24, 2008
Nordblom Co. affliate closes on Palomar Medical's 8.35 acre sale
Network Drive at Northwest Park welcomes its newest corporate headquarters to the campus. Nordblom Co. and its affiliate, Nordic Properties, closed a transaction with Palomar Medical Technologies for 8.35 acres.
Construction will commence on a 130,000 s/f, three-story class A office building with a 50,000 s/f expansion planned. As a leading researcher and developer of light-based systems for cosmetic treatments, Palomar will relocate its headquarters and expand its operation to Network Dr. upon the new facility's completion in early 2010. Built to corp. headquarters standards, Network Dr. at Northwest Park is an 805,000 s/f office park with 500,000 s/f of further planned development on 158 acres.
Tags:
Front Section
MORE FROM Front Section
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
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.
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.
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:
