Normandy Real Estate Partners, one of the largest real estate owners and operators in the Boston to Washington, D.C. corridor, has appointed Thomas Walsh as principal. In this capacity, Walsh will be responsible for directing all of the company's development and construction activities.  Currently, Normandy has approximately $175 million of major development and construction projects in progress. Â
"Tom Walsh is one of the most respected and accomplished development professionals in the region and we are thrilled to have him join Normandy at such an exciting time in our company's history," said Finn Wentworth, founder and managing principal of Normandy Real Estate Partners. Â David Welsh, founder and managing principal added, "Having worked very closelywith Tom for years while at Gale & Wentworth, Finn and I have the utmost confidence that he will have a tremendous impact on the future growth of our company."
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.
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.
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:
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.