The Nordblom Co. has promoted Todd Fremont-Smith to senior VP of development and director of mixed use projects. Fremont-Smith will oversee the permitting, development, and leasing of commercial assets. ?Fremont-Smith has developed property on behalf of corporate users and real estate investors, and has extensive experience investing in and transforming older, obsolete properties into successful second-generation assets.
Fremont-Smith is master-planning the redevelopment of Northwest Park in Burlington, a 3.28 million s/f mixed-use development off Rte. 128.?Northwest Park is slated to be redeveloped into a high-density, vertically-integrated, mixed-use neighborhood, with 600,000 s/f of retail, restaurants, multifamily units and more than 2 million s/f of class-A office space. ??
"We have a once-in-a-lifetime opportunity to create a world-class destination here in Burlington. ?This project is one of the most exciting mixed-use developments in the country, and I have been extremely pleased by the many folks here in Burlington and at the state level who have championed our vision for Northwest Park," said Fremont-Smith.
"Todd is a tremendous asset to the organization as he brings boundless energy to our development projects," said Peter Nordblom, president of Nordblom.
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.
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.
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: