Category: Front Section

Gloucester, MA MassDevelopment has provided a $375,000 equipment loan, enhanced with an export guarantee, from the CARES Act Revolving Loan Fund to Fleet Machine Company Inc., an AS9100-certified advanced manufacturing company that specializes in precision machining for the aerospace and defense industries.

Boston, MA WinnCompanies, an owner, developer and manager of multifamily housing, has appointed Ethan Ceplikas as general counsel, succeeding Dan Willert, who is retiring later this year after serving 13 years in the position.

Lincoln, RI Mott & Chace Sotheby’s International Realty brokered the sale of 13 Belmont Dr. for $1.76 million. The buyers were represented by Josh Cullion, sales associate with Mott & Chace Sotheby’s International Realty.

Danvers, MA Imelda Barnhurst, vice president of Gienapp Architects, a North Shore-based architecture firm, has become the firm’s new owner and principal, while founder

Lynn, MA North Shore Realty Advisors Inc. has compelted the sale of 55 Broad Street Apartments. This particular property has not been available for sale since 1975 where the client

Lawrence, MA Jay Goldberg and David Lamattina have purchased 27 units for $3.8 million. The property is comprised of four buildings on one parcel located at 102-114 Water St. and 13-27 Jordan St.

Dorchester, MA Imprint, a new amenity-rich multifamily community located at 780 Morrissey, is now leasing and ready for move-ins. The new community offers comfort and convenience to those seeking high-quality housing in one of Boston’s most interesting and diverse neighborhoods

When it comes to ensuring the safety and security of your 1031 Exchange funds, it pays to do your due diligence. One of the most important decisions for all investors who are planning to defer taxes with a 1031 Exchange is which Qualified Intermediary (QI) to hire.

As we enter into a “spring” market here in New England, real estate investors who are contemplating a 1031 tax deferred exchange transaction sometimes find that they have an unexpected or unplanned issue that could obstruct their ability to successfully complete a 1031 exchange as anticipated. This article briefly addresses some of the most frequent 1031 exchange mistakes and pitfalls to be avoided.

Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment”, to defer paying any capital gains taxes if the property owner sells such property, identifies “like kind” property within forty-five days of the sale, and acquires other “like kind” property within 180 days of the sale.

Boston, MA A.W. Perry, a relationship-driven real estate investment and services firm, has completed a new lease, as well as long-term tenant lease renewals and expansions totaling more than 15,000 s/f at 420 Boylston St. in the Back Bay neighborhood.

Spencer, MA Bob Horvath, Todd Tremblay and Hobart Hare of Horvath & Tremblay have completed the sale of a CVS. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $10.324 million