News: Front Section

North Branch Const. begins $11.5m renovation of Cimarron Apartments - owned by Chartwell Holdings

Seabrook, NH North Branch Construction has begun the $11.5 million renovation of Cimarron Apartments located off I-95 on Batchelder Rd. Owned by Chartwell Holdings, Cimarron Apartments – which will be renamed Seabrook Village Apartments – offer quality, affordable housing to New Hampshire’s Seacoast and the North Shore of Mass.

North Branch will renovate six, 4-story residential buildings totaling 388 units, as well as a stand-alone, 2,400 s/f community building. Renovations will include improvements to kitchens and bathrooms, replacement of mansard roofs and trim, windows, replacement of five 10,000-gallon oil-fired furnaces with gas-fired furnaces, refurbishment of elevators, the addition of a new asphalt driveway to increase visitor parking spaces, life safety improvements, and the reconfiguration of the community building to repurpose its interior space to provide office space for management & leasing, as well as additional resident recreational uses. All apartments will remain occupied throughout construction, requiring the highest level of coordination by North Branch.

Burnell Johnson Architects are providing architectural design for the project, which is expected to be complete by the end of the year. The project is funded through Low Income Housing Tax Credits (LIHTC) administered through the New Hampshire Housing Finance Authority (NHHFA).

MORE FROM 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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

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

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.