Sweeney and Casey of Sweeney Real Estate & Appraisal broker three sales totaling $2.085 million
Sweeney Real Estate & Appraisal completed three sales totaling $2.085 million. The sales included the following:
* Tricom Properties, LLC sold 850 Broadway in East Providence to 850 Broadway, LLC for $785,000. The property is a 9,466 s/f apartment building with 14 units on 20,041 s/f of land. Thomas Sweeney SIOR, of Sweeney Real Estate was the exclusive broker on this transaction.
* CMYK Partners, LLC sold 901 Waterman St. in East Providence to Tantara Corp. for $900,000. The property is a 18,200 s/f building with a 5,800 s/f office space and 12,400 s/f of warehouse space. Kevin Casey, of Sweeney Real Estate was the exclusive broker on this transaction.
* Two Thirty Six Associates sold 236 Chapman St. in Providence to 236 Chapman Street, LLC for $400,000. The property is a 9,273 s/f building that contains both office and industrial space on 20,160 s/f of land located in the Manucenter Medical District. Sweeney was the exclusive broker on this transaction.
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,
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.
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:
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.
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.