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Opportunity zones remain attractive options for tax deferral - by Morris, Kaplan and Royce

Despite current market challenges, Qualified Opportunity Funds (QOFs) remain an attractive option for investors to defer capital gains on the underlying investment and to receive other tax benefits in return for investing in real estate and businesses located in economically disadvantaged areas designated as Opportunity Zones.

F.W. Madigan Company and Maugel DeStefano Architects to lead design build team for the restoration of former Worcester Boys Club

Worcester, MA Construction manager F.W. Madigan Company (Madigan), Inc., in partnership with Maugel DeStefano Architects, will lead a collaborative design-build project for the adaptive reuse of the historic former Worcester

MAG Capital Partners acquires 74,000 s/f stone production facility in Barre, VT

Barre, VT MAG Capital Partners acquired a 74,000 s/f, 13.8-acre stone production facility, which is referred to as the “Granite Center of the World.” The sale-leaseback-structured transaction was completed with Adams Granite Company, a manufacturer in North America

Vecchi joins Marr Scaffolding Company

Boston, MA Industry veteran John Vecchi has joined Marr Scaffolding Company’s Scaffold Division as sales representative / project manager. Vecchi will be responsible for sales, estimation

Girolamo of Horvath & Tremblay arranges sale of eight multifamily units in Salem, Mass. for $2.625 million

Salem, MA Stephen Girolamo of Horvath & Tremblay has arranged the sale of eight units. Horvath & Tremblay represented the seller and procured the buyer to close the properties at a sale price of $2.625 million. The multifamily investment properties are located at 277 Lafayette St.

Suffolk, Wounded Warrior Project and Home Base expand Home Base National Center of Excellence

Boston, MA Suffolk, Wounded Warrior Project and Home Base launched expansion of the Home Base National Center of Excellence, which will serve as a dedicated clinical space for Special Operators and Veterans impacted by traumatic brain and polytrauma injuries from war and training.

Center for Applied Behavioral Instruction receives $2 million in financing from Rockland Trust

Worcester, MA The Center for Applied Behavioral Instruction Inc., (CABI) a day school, secured $2 million in financing from Rockland Trust. The funds will be used to purchase a second location in the city to expand their school operations. CABI is a 501(3)c nonprofit special education school for

IBEW 103 and NECA announce partnership with the Black Economic Council of Massachusetts

Boston, MA The International Brotherhood of Electrical Workers (IBEW) Local 103 and the National Electrical Contractors Association (NECA) Greater Boston have officially joined the Black Economic Council of Mass. (BECMA). This collaboration underscores Local 103 and

Gatti of Greater Boston Commercial Properties, Inc. represents the seller in $1.845 million sale - sold to HUB Building Maintenance, Inc.

Burlington, MA Benjamin Gatti of Greater Boston Commercial Properties, Inc. represented the seller in the sale of 5 Ray Ave. The 5,500 s/f freestanding flex building is situated on 0.37 acres off Rte. 3 and I-95.

Feinman, Bulmer and Brownell of Vanguard-Fine handle three deals

Pittsfield, MA Vanguard-Fine, LLC of Upstate NY completed three New England transactions. The transactions include the following: • Barry Feinman of Vanguard-Fine and Cassie Barbeau