News: Front Section

Project of the Month: Acorn Management completes renovation of Whitman Mill into Victoria Riverside Townhouse Lofts

The historic Whitman Mill, renamed Victoria Riverside Townhouse Lofts, has undergone complete renovation into unique apartments and recently celebrated its grand opening with a ribbon cutting ceremony hosted by the developer, Stephen Ricciardi, governor Deval Patrick and New Bedford mayor Scott Lang. Built in 1896, by William Whitman it is listed on the National Register of Historic Places and was designed by Charles Makepeace an internationally famous architect. At its peak, the mill was equipped with 177,608 spindles and 4,610 looms. This historic mill building with views of the Acushnet River has been converted into town house lofts and one story lofts with 18' cathedral ceilings and 14' windows. Original maple hardwood floors have been preserved and all units have been equipped with modern amenities including stainless steel appliances and air conditioning. An underground heated garage is available for tenants. "The building sat vacant for several decades before Ricciardi's Quincy based firm saw its potential and rehabilitated the 250,000 s/f building into 100 apartments" said mayor Lang. Governor Patrick said, "Communities get built; they just don't happen." Ricciardi said, "the success of the project was a team effort which included David Scherer, director of development, Stephen Rodri, CFO, Quentin Ricciardi, vice presdient of development, Alan Caldwell, project manager and Rhonda Robitaille, property manager. Project Team: Developer: Acorn Management Plumbing: AFM Plumbing Electric: National Electric Windows: Stergis Windows Dry wall: Superior Dry Wall Building Supplier: Dartmouth Building Supply
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Columns and Thought Leadership
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.
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.

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: