News: Front Section
Posted: August 8, 2013
O'Brien Commercial Properties completes three sales totaling $3.24 million
336 and 358 Baker Ave. have been sold to Jabez, LLC for $1.525 million. The property is scheduled to be remodeled and is now 85% leased. Major tenants include JF White Construction, The Concord Youth Theatre, Concord Chiropractic and a software startup, Rivelando, LLC. O'Brien Commercial Properties represented the buyer.
Alson, Dr. Marcus Favero, M.D. and Dr. Esther Dechant, M.D. have purchased three contiguous office condominiums at 801 Main St. to expand their practice. The sale price was $390,000 and the buyers plan to make improvements to the real estate before opening. Eric O'Brien, president at O'Brien Commercial Props., represented the seller and procured the buyers.
Brian Li, a real estate investor, has purchased the Bullard Building located at 410 Waverly St. and 12 Irving St. in Framingham. Li plans to lease the property to full occupancy and hold it for investment. The purchase price was $1.325 million and the sale was completed days before a pending foreclosure. Li was represented by O'Brien of O'Brien Commercial Props.
Tags:
Front Section
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,
Quick Hits
Columns and Thought Leadership
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.
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
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: