News: Front Section

Palino joins New England Rest. Brokers as sales consultant

Dennis Serpone, president of New England Restaurant Brokers has added Gayle Palino to its roster of sales consultants. Palino owned and operated JP Licks Ice Cream Emporium for 10 years. "I am so pleased to bring Palino into our company with her vast knowledge and experience with fast food operations. We've seen a marked increase in both the number of various types of fast food business hit the market over the past couple of months and the number of active buyers. That said, the only deals that are closing are those where the seller is motivated, the terms favor the buyer, and the financing is creative," said Serpone. Palino joins the existing staff: Edward Williams (former CEO & creator of I SOLD MY HOUSE.COM), David Gosselin, Anthony D'Antonio, Philip Montoni, Carolyn Palmerino, and Susan Columbo. Established over 27 years ago, New England Restaurant Brokers has been the leader in representing buyers and sellers throughout Massachusetts and New Hampshire. "We've sold the highest grossing independent restaurant in the country, The Hilltop, in Saugus for $15 million to a smaller mom & pop deli for $20,000. Typically our commissions range from 7-10 % with a $10,000 minimum," said Serpone.
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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,
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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.
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.

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.
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: