News: Front Section

Thru the Lens: Cummings Properties donates $111,000 to local charities in the Staff Giving on Thanksgiving program

Given its close affiliation with Cummings Foundation, Cummings Properties is no stranger to philanthropy. The suburban commercial real estate firm is taking an unusual approach to giving this holiday season, however, by asking its longtime staff members to select local charities that will collectively receive $111,000 in donations. Through the new Staff Giving on Thanksgiving program, employees with 10 or more years of seniority with the Cummings organization were each invited to choose a locally based not-for-profit to receive a $1,000 donation. Some charities will receive up to $4,000, as a result of multiple nominations. The diverse group of recipients includes many suburban organizations, such as Woburn Council of Social Concern and the Protection of Animals in Wakefield Society, as well as Boston-based charities, such as Boston Children's Hospital and New England Center for Homeless Veterans. Not-for-profits in Woburn, the city where Cummings Properties has been operating for more than 40 years, will receive the most contributions, totaling $18,000. Cummings Properties president and CEO Dennis Clarke said, "Cummings Properties has always been extremely active in local philanthropy. This year, the Company is delighted to do something extra special by involving more than 100 staff members in this new donation program. It is truly our pleasure to support such deserving local charities during the holiday season, especially knowing that they are so meaningful to our most senior colleagues." Cummings Properties distributed the donations during the week of Thanksgiving. Some of the Cummings Properties employees who participated in the program are (from left): Back row: Erving Rodriguez, Bob Heffernan, Justin Magee, Eric Sanderson, Martin Nelson, Derek Russell, Joel Swets, and Dennis Clarke. Front row: George Holland, Erica Wright, Diane Metcalf, Laurie Glasser, and Greg Ahearn.
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
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.
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: