Yale of Sperry Van Ness/Com Vest brokers $2m 12,500 s/f building sale
A building located on Rte. 9 in has been sold to Stowe and Degon Investments LLC, by Ninewest Realty Trust for $2 million. This traditional New England style office building was marketed by Robert Yale, CCIM, of Sperry Van Ness/ComVest Realty. Carl and David Burwick of The Katz Cos., represented the buyers.
Ninewest Realty Trust's principal, Thomas McCabe, constructed the 12,500 s/f, three story building in 1984 and operated it as a commercial office building.
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,
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.
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.
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:
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.