News: Front Section
Posted: January 9, 2014
SIOR members from CBRE | The Boulos Company complete multiple transactions
SIOR members from CBRE | The Boulos Company completed the following deals:
* EA Realty, LLC purchased two buildings at 561-563 Forest Ave., totaling 11,024 s/f, from PLProperties, LLC. The purchaser will operate its endodontics practice from the former Maine Running Company building at 563 Forest Ave. 561 Forest Ave. will still be home to REVE cycling, and the first floor of office space is available on a sublease basis. Joe Porta represented the seller and Drew Sigfridson, SIOR, represented the buyer.
* Apex Realty sold 13,020 s/f Plaza 29 to AIM Broadway, LLC. The new owner plans to renovate the center and lease the available suites. Greg Boulos and Porta represented the seller and Sigfridson, SIOR, represented the buyer.
* Tony McDonald, CCIM, SIOR represented the seller, Northern New England Telephone Operations, LLC in the sale of an 11+ acre parcel at 7 Davis Farm Rd. to Pizzagalli Properties.
* Steve Hilton purchased a 12-unit, 11,526 s/f apartment building located at 505 Washington Ave. The seller, Mike Scarks, was represented by McDonald, and Derek Miller. The buyer was represented by Sigfridson.
* Wasco Products, a leading US manufacturer of skylights, is expanding its presence at the former Spencer Press building at 90 Spencer Dr. in Wells. They now occupy 124,420 s/f. Sigfridson,handled the transaction on behalf of the sublandlord, RR Donnelley.
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
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.
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.