News: Front Section
Posted: October 31, 2013
Rosen of Metrowest completes $6.6 million sale of multiple properties
Metrowest Commercial Real Estate completed the sale of the apartment complex at 31, 35 and 37 Salem End Rd. and 75-89 Maynard Rd. as well as the restaurant building at 1060 Worcester Rd., to Framingham State University.
The sale price for this package of several buildings was $6.6 million.
The school previous purchased 23 Salem End Rd. which was also brokered by Mark Rosen of Metrowest Comm'l.
The acquisition of these sites, which are located near the northwestern edge of campus, is the third and final one this year related to the school's plan to build a parking lot in the area. The demolition of the apartment buildings is scheduled for early 2014.
The buyer is officially the Massachusetts State College Building Authority and the seller is Salem Maynard Trust of Somerville. Rosen was the sole broker.
Tags:
Front Section
MORE FROM Front Section
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,
Quick Hits
Columns and Thought Leadership
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.
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:
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.
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.