News: Front Section
Posted: April 23, 2015
Worth Avenue Capital, LLC closes $125,000 commercial loan to real estate developer in Mass.
Worth Avenue Capital, LLC (WAC) closed a $125,000 commercial loan to a real estate developer. The loan proceeds will be used to complete the renovations of two of the developer's buildings, which were acquired with his own capital, and the loan is secured by a blanket first mortgage on those two properties. The loan was funded by one of WAC's private lenders. This developer already has inexpensive permanent bank financing on several of his other holdings and he will refinance and pay off WAC's private capital with additional new bank financing upon completion of the renovations of these two properties. The developer is taking advantage of WAC's fast loan approval process and quick loan closings so that he is able to rapidly proceed with his construction projects by having the availability of fresh capital.
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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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Columns and Thought Leadership
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
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
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.
