News: Front Section

Redstone completes five transaction including $3.1 million purchase of the 100,000 s/f Chace Mill in Burlington, Vt.

Redstone recently completed the following transactions: *Doug Nedde of Redstone listed and leased 85,000 s/f of manufacturing/distribution space at Riverworks at 133 Elm St., Winooski to Country Home Products. *Nedde and Liam Murphy of Murphy Sullivan and Cronk represented Catamount/Brownell LLC in the $3.1 million purchase of the Chace Mill. The Chace Mill is an historic 100,000 s/f former mill building located in Burlington on the Winooski River. * Nedde represented Catamount/Weybridge LLC in the $2.1 million purchased the Weybridge Apartments, a 36 unit apartment complex in Middlebury. Eban Punderson of Deppman and Foley represented Weybridge Apartments, Frank Punderson Jr. and Bruce Laumeister in the sale. *Duncan Harris of Redstone represented Sanel Auto Parts in the $350,000 acquisition of a 6,000 s/f commercial building on Exchange St. in Middlebury. Sanel Auto Parts will renovate the property for its sales and distribution business and then move from their current location on Seymour St. Tim Eaton of Lang McLaughery Spera represented the sellers. *Linda Letourneau of Redstone was the listing broker representing 10 & 2 Trust in the $850,000 sale of a 7,700 s/f multi-tenant office building located at 174-176 Battery in Burlington to Stern Properties. Yves Bradley of Pomerleau Real Estate represented the buyer. Redstone is the market leader in full-service commercial real estate in Vermont. Located in downtown Burlington, we offer a wide range of commercial real estate services including brokerage, development, property management, and construction. During our 16 years in business, we have built long-term relationships with our clients by demonstrating a superior level of service, professionalism and results.
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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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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:
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.