O'Brien reps. Motion Tech. in 22,000 s/f lease at 10 Forbes Rd.
Bret O'Brien of O'Brien Commercial Properties, Inc. represented Motion Technology, Inc. in leasing new space at 10 Forbes Rd. Motion Technology manufactures and sells commercial cooking equipment products, including the Autofry line, which is the leader in ventless deep-frying technology. O'Brien leased the company its current 12,000 s/f space at 257 Simarano Dr. in Marlboro, five years ago when it moved from its previous space of 7,000 s/f in Natick. The 10 Forbes Rd. property in the Rte. 290 Industrial Park offers functional space with room to accommodate the steady growth of the local manufacturer. Rob Walles, Britton Derkac, Ed Jarosz and Bob Gibson of CBRE New England represented the owner, TMT 290 Industrial Park, Inc.
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.
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.
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.