Young, Stevens and McDonald of CBRE| The Boulos Co. handles 84,526 s/f in three leases
Cornerstone Marketing, Inc. has leased 3,578 s/f of office space at 707 Sable Oaks Dr. from the landlord, Second Portland Limited Partnership. This transaction was brokered on behalf of the landlord by Craig Young, CCIM, partner of CBRE| The Boulos Co. and on behalf of the tenant by Peter Harrington of Malone Commercial Brokers.
Also Jim Douglas has leased 265 s/f of office space at 650 Main St. from the landlord, Income Property Management. This transaction was brokered on behalf of the landlord and tenant by Nate Stevens of CBRE| The Boulos Co..
In addition FairPoint Communications has renewed its lease with the landlord, Pizzagalli Properties LLC, at 5 Davis Farm Rd. in Portland, Me. The building, which is 80,683 s/f in size, houses various offices and operations space for FairPoint and is their largest office location in the state. This transaction was brokered by Tony McDonald, CCIM/SIOR, partner of CBRE| The Boulos Co.
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,
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.
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.