News: Front Section

Scafati of Press/Cuozzo named exclusive listing broker for 15,242 s/f site

According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Albert Scafati, senior advisor, has been appointed exclusive listing agent for 428 South Cherry St., a 15,242 s/f commercial building offering a 7,002 s/f restaurant and 8,240 s/f of warehouse space. The restaurant portion, formerly known as South Cherry Street Restaurant and Catering Facility, was renovated in 2009. There is dining/lounge seating for 100, banquet seating for approximately 250, and a 40-seat patio. The warehouse space, renovated in 1989, provides two drive-in overhead doors and 12' to 14' ceiling heights. There is ample on-site parking at this destination location on Route 5, easily accessible from I-91, Exit 13. Offered for sale at $1.15 million, the property is also available for lease. Press/Cuozzo Realtors, with offices at 2751 Dixwell Avenue, Hamden, CT, and 975 State Street, New Haven, CT, has been serving the greater New Haven area since 1990. Press/Cuozzo Realtors provides the services of a Commercial/Industrial Division, Residential Brokerage, Senior Real Estate Services, and Relocation Services.
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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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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.
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:
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.