News: Front Section
Posted: January 10, 2020
Washington Trust’s Commercial Real Estate Group provides $5.7 million to Lexmar Realty, LLC
Milford, CT Washington Trust’s Commercial Real Estate Group provided $5.7 million to Lexmar Realty, LLC, for the construction and permanent financing of a new 23,293 s/f office building at 100 Plains Rd. This new location benefits from its I-95 frontage and is 15 miles southwest of New Haven Central Business District and 30 miles northwest of the Stamford Central Business District.
“We are pleased to work with Lexmar Realty for the financing of their new well-located office headquarters,” said Julia Anne Slom, senior vice president and team leader of Washington Trust’s Commercial Real Estate Group. “We look forward to seeing our new client’s further growth and success.”
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Quick Hits
Columns and Thought Leadership
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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.
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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
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.
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: