News: Front Section

Tom Brady and Gisele Bundchen's Beacon St. home sells for $9.2m

NFL quarterback Tom Brady and his supermodel wife Gisele Bundchen have finally sold their home, but they finally relented and accepted $9.2 million, an offer $1.7 million below their original 2009 asking price of $10.9 million. Since they've been happily ensconced in their $20 million, 22,000 s/f mansion in Los Angeles for some months now, as lovely as it is, the Boston property was probably beginning to feel like a huge weight on their shoulders, growing heavier and heavier with each passing year it sat on the market with no takers. Even though the Boston home's 3 bedrooms and 3 baths don't hold a match to their current 8 bedroom extravaganza, it's still an exquisite property located on famed Beacon St. This amazing two-story vintage limestone manse has 3 bedrooms, 3 bathrooms and overlooks the Charles River. The penthouse contains a grand living area on the second floor with 2 fireplaces, a media room, a kitchen practically in the sky, another living room and a landscaped rooftop terrace with an outdoor kitchen and views over the Charles. The master suite comes with his-and-her dressing rooms, a deep soaking hot tub, a steam shower, fireplace and separate vanities.
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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,
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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:
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.