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May
2008
09
May 09 - 15
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Front Section
Freid and Mexiner of Boston Realty Advisors brokers $3.415m 14,500 s/f sale
Natick, MA
127 West Central St., which has housed the local favorite, "The Fruit Peddler" for the past 60 years has sold. The sales price for the building was $3.415 million.
This 14,200 s/f building started out as an ice cream shack and now will occupy a spin-off of the new owner's family-owned pizza establishment, Bill's Pizza in Newton Centre.
Jeremy Freid and Adam Meixner of Boston Realty Advisors represented the seller 127 W. Central LLC.
Stephen Davis of Davis and Dimarco represented the buyer.
DTZ FHO Partners expands and renews Insulet Corp.'s leases to total 63,516 s/f
Bedford, MA
DTZ FHO Partners, has signed leases to Insulet Corp. at 7 and 9 Oak Park.
Insulet Corp., a medical device company, continues to grow and expand. Insulet expanded into 10,516 s/f at 7 Oak Park and renewed its lease on 53,000 s/f at 9 Oak Park. This follows on the heels of occupying a 14,000 s/f warehouse building on Progress Rd. in the fall of 2007. Insulet's headquarters will remain at 9 Oak Park, while 7 Oak Park will house a customer support group.
"It is great to see a home-grown ...
White of CB Richard Ellis brokers 5,600 s/f lease at Pease Tradeport
Portsmouth, NH
Kent White of CB Richard Ellis has negotiated the lease of 5,600 s/f of office space at 110 Corporate Dr. Unit 2 at the Pease Tradeport to Planning Systems, Inc.
White represented the landlord and David Choate of Grubb & Ellis Coldstream represented the PSI.
Discharge of Indebtedness excluded from taxbable income
Many taxpayers acquired their residences with highly leveraged mortgages during inflationary periods in the housing market. The belief was that as housing prices continued to escalate, home owners would be able to create equity through mortgage amortization, coupled with appreciation in their residences. However, when the housing market began to decline, these same taxpayers found that their mortgage debt exceeded the fair market value of the home. Based on the lender, taxpayers faced either ...
Tighe of Corp. Realty Associates brokers ocean motel sale for $1.1m
Centerville, MA
Brad Tighe of Corporate Realty Associates has brokered the sale of The Ocean Front Motel at 966 Craigville Beach Rd.
Alice Fardie sold the hotel and the buyer was Raymond Daly of Taunton Mass.
The property is a two story wood frame building built in 1955 with cedar shingle siding and an asphalt shingled roof consisting of 9 guest rooms, an office area, plus an owner apartment. Each room has two double beds, private bathroom and a balcony or patio with an ocean view. There are owner ...
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HI-LIGHTS
Tighe of Corp. Realty Associates brokers ocean motel sale for $1.1m