Normandy R.E. Partners completed a lease for 49,548 s/f with Quincy College at 150 Newport Ave. Richards Barry Joyce & Partners represented Normandy while Key Realty represented Quincy College.
150 Newport Ave. is a four-story, 121,417 s/f first-class office building. The property is adjacent to the North Quincy MBTA station.
Normandy acquired the property as its first Mass.acquisition. The Quincy College lease, combined with a 71,869 s/f lease signed with British Telecom, brings the building to full occupancy.
150 Newport Ave. is undergoing an amenity renovation with more than $1.5 million in improvements.
Michael Frisoli, a partner at RBJ, with Cal Hudak brokered the leases.
Normandy Real Estate Management is the on-site property manager. The Walsh Co. is acting as owner's rep. and is overseeing the renovations.
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.
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.
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.