News: Front Section

The Noannet Group hires Sitole as managing director

Boston, MA The Noannet Group, developer of mixed-use properties in the Greater Boston area, has named Sujit Sitole as managing director of investments.

Sitole has worked in acquisitions, asset management and project management across a wide range of property types and markets in more than a decade in the real estate investment and development industry.

“Sujit has been working for us as a consultant and has done outstanding work in all areas,” said Jordan Warshaw, president of Noannet. “He has become a good friend, and we are delighted and proud to have him as a member of our talented development team.”

Sitole began his career at Fidelity Investments in accounting and financial operations management. 

After attending business school, he joined Fidelity’s real estate group, working in acquisitions when the group became Long Wharf Capital.

Sitole was director of investments at Long Wharf, managing the acquisition, financing, leasing and sale of value-add investments in multiple property types and markets. He founded Cambridge West Partners in 2014 and will continue as Principal at Cambridge West, in addition to his role with The Noannet Group.

Sitole earned his MBA from the University of California/Berkeley and a bachelor’s degree in Finance from Rutgers University. He lives with his family in Weston, MA. In his spare time, Sitole enjoys being with friends and in the mountains, bike-riding, skiing, hiking, or just enjoying the view.

The Noannet Group was founded in 2011 with the mission of developing architecturally distinctive mixed-use, residential, and commercial buildings that enhance the communities in which they are located.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
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.

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.
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:
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.