Richetelli named Greater New Haven Association of Realtors Commercial Investment Division chairman, Messore wins Deal of the Year award
Michael Richetelli, president of Colonial Properties, Inc. has been named the chairman for the Greater New Haven Association of Realtors Commercial Investment Division (CID) for 2012. The New Haven CID is a group of 100 area commercial real estate professionals who meet monthly to exchange information and facilitate deals.
In addition Fred Messore, vice president of Colonial Props., was awarded with the Deal of the Year for most completed transactions in 2011. Messore completed 29 deals last year.
Richetelli has been an active member of the group since 1997. Active in both professional and community organizations, he has served on the board of directors for the Greater New Haven Association of Realtors and is currently serving on the Board of the Orange Chamber of Commerce, including serving as president for two terms; in 2009, he received the Director of the Year award from the chamber. He currently serves on the Orange Economic Development Corp. He is an active member of the Orange Rotary Club, including holding the position of president-elect for 2011-2012 and is also director of the club's AMBER ALERT Child ID Program which includes serving on the Rotary Statewide AMBER ID Steering Committee; he is also a past recipient of the Paul Harris Fellowship Award.
"Having that kind of transaction volume is a testament to Messore's dedication, hard work and ability to put deals together" said Richetelli, president of Colonial Properties and incoming CID Chairman. Messore has been a member of Colonial Properties' team for 5 years and is consistently a top producer, integral to their continued success in the area of Commercial Real Estate Brokerage in the Greater New Haven area and throughout CT. Messore is very active in many professional and civic organizations, including being a past president and director of the Alife Society of America, serving on the executive board of directors for the West Haven Chamber of Commerce, vice president of the Paugusset Pool and Tennis Club, member of The Amity Club and Class of 2010 Greater New Haven Leadership Center.
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:
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.
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.