O'Brien Commercial Properties, Inc. brokers $360,000 sale for Moore Family Trust
TK Investment Group, LLC has purchased 12 Shirley St. for $360,000. O'Brien Commercial Properties, Inc. represented the seller in the transaction, Moore Family Trust, and directly procured Innovative Medical Design, who is moving from Amherst, New Hampshire and will be occupying the building.
Also, Paul Mulroy of O'Brien Commercial Properties recently represented ownership in the sale of 1100 Gorham St. Lowell, Mass. The buyer, Test-N-Build, directly procured by Mulroy, will be redeveloping the property to incorporate retail space, warehouse space, and residential apartment space.
"The redevelopment will be a welcomed change and improvement to the surrounding community, which was expressed openly by neighbors at the city planning meetings to get approval for this project," said Mulroy. Test-N-Build ownership will immediately take over the operations of the on site party store and the expectation is to have the property fully redeveloped within one year.
Mulroy said, "This was a long process, but ultimately the right group purchased this property; all that were involved were excited to see this property close and we are anxious and excited to see the improvements Test-N-Build will make."
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.
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:
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.