Press/Cuozzo Comml's. Press and Nesson sell package of buildings
Press/Cuozzo Commercial Services has sold a package of buildings and a parking lot at the prime corner of State and Trumbull Sts. known as 3-5 Trumbull St., 702 State St., 712 State St. and 714 State St. The combined land area is 30% of an acre and the total square footage of the buildings is 11,000 s/f.
Stephen Press, SIOR, of Press/Cuozzo, was the listing broker for the seller, One Trumbull, LLC, and Joel Nesson, MBA, of Press/Cuozzo, procured the buyer, Trumbull Suites, LLC.
The buyer plans to renovate most of the buildings for residential use with one commercial space.
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.
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:
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.