Parsons Comm'l. represents Mancini of Number One Ins. in $3.06m sale
Parsons Commercial Group has completed an office and warehouse building sale consisting of 21,400 s/f and 3 acres. The property is located at 91 Cedar St.
Marci Alvarado of Parsons represented the buyer, Frank Mancini of Number One Insurance Agency, Inc. Tony Pinto of Pinot Real Estate represented the landlord, MAR S. Maple Realty Trust.
The property will be the new headquarters for the Mass. Association of Insurance Agents who are relocating from Framingham later this year. The new owners will be renovating the building and adding classroom space inside.
The sale price was $3.06 million.
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,
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.
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: