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1031 Exchange funds – Are they safe and secure? - by Michele Fitzpatrick
March 8, 2024
When it comes to ensuring the safety and security of your 1031 Exchange funds, it pays to do your due diligence. One of the most important decisions for all investors who are planning to defer taxes with a 1031 Exchange is which Qualified Intermediary (QI) to hire.
Three 1031 Exchange investment options - by Dwight Kay
March 8, 2024
It’s both an exciting time and a very trying time when an investor sells a property and wants to defer taxes in a 1031 Exchange. A 1031 Exchange is when an investor sells a property that was held for business or investment use and then exchanges into another property of equal or greater value in an effort to defer taxes.
Sweeney and Rouse of Sweeney Real Estate & Appraisal arrange 3,723 s/f lease to GE
March 8, 2024
East Greenwich, RI Thomas Sweeney, SIOR and Christina Rouse of Sweeney Real Estate & Appraisal represented the landlords of 42 Ladd St., the Greenwich Mills located on the Warwick/East Greenwich town line in the lease agreement with GE Renewables US LLC. GE will occupy 3,723s/f of office space on the second floor of Building 2
Eysenbach of R.W. Holmes handles 25,200 s/f lease
to Streetwear, Inc.
March 15, 2024
Holliston, MA R.W. Holmes has negotiated a 25,200 s/f new lease to Streetwear, Inc. Streetwear, a full-service apparel and headwear company offering seamless integration of concept design and from sourcing to manufacturing, warehousing, and distribution, leased the entire
Imprint now leasing - developed and managed by The Michaels Organization
March 8, 2024
Dorchester, MA Imprint, a new amenity-rich multifamily community located at 780 Morrissey, is now leasing and ready for move-ins. The new community offers comfort and convenience to those seeking high-quality housing in one of Boston’s most interesting and diverse neighborhoods
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Colliers and Jumbo Capital complete 135,600 s/f
manufacturing building
March 15, 2024
Canton, MA According to Colliers, the 135,600 s/f of purpose-built GMP/advanced manufacturing space has been completed at 30 Dan Rd. A Colliers team led by executive vice president Kevin Hanna and senior vice president Kevin Brawley is seeking a new tenant on behalf of
MountainOne Insurance Agency acquires G.W. Morisi Insurance Agency, Inc.
March 8, 2024
Longmeadow, MA MountainOne Insurance Agency, a subsidiary of MountainOne Bank, has acquired G.W. Morisi Insurance Agency, Inc., a third generation, family-owned agency that has served the local communities for more than 75 years.
Capital gap for business owners of color in the CRE sector - by Colleen Fonseca
March 8, 2024
The widening capital gap for business owners of color, particularly those involved in commercial real estate, is evident in the disparities in loan approval rates and is a pressing issue that continues to worsen. According to a report by the Federal Reserve, minority-owned businesses – including those in real estate and construction – face higher denial rates for loans, as high as 20% at times,
Horvath, Tremblay and Hare of Horvath & Tremblay brokers
$10.324 million sale of CVS store in Sp...
March 8, 2024
Spencer, MA Bob Horvath, Todd Tremblay and Hobart Hare of Horvath & Tremblay have completed the sale of a CVS. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $10.324 million
Goldberg and Lamattina purchase 27 units for $3.8 million
in Lawrence, MA
March 8, 2024
Lawrence, MA Jay Goldberg and David Lamattina have purchased 27 units for $3.8 million. The property is comprised of four buildings on one parcel located at 102-114 Water St. and 13-27 Jordan St.
A.W. Perry signs new tenant and completes
15,000 s/f in renewals at 420 Boylston St.
March 8, 2024
Boston, MA A.W. Perry, a relationship-driven real estate investment and services firm, has completed a new lease, as well as long-term tenant lease renewals and expansions totaling more than 15,000 s/f at 420 Boylston St. in the Back Bay neighborhood.
Shawmut Design and Construction grows with addition of strategic development leaders in New England
February 23, 2024
Boston, MA Shawmut Design and Construction, a leading $1.6 billion national construction management firm, is hiring two experienced business development directors to its New England region. Michael Christopher, a former leader at the Boston Planning
Project of the Month: Arx Urban and Boylston Properties develop and open 525 LINC community - design...
March 1, 2024
Allston, MA According to the development team for 525 LINC, the new model of co-living, has officially opened, and residents are beginning to move in. 525 LINC is one of the city’s first co-living apartment communities that is tackling the city’s ongoing housing shortage by appealing to individuals looking for shared living,
CAI public policy: Building inspection and structural integrity
March 1, 2024
Boston, MA The CAI Board of Trustees recently approved an update to the CAI building inspection and structural integrity public policy. These changes reflect recent legislative and advocacy activities across the country, particularly in Florida, New Jersey, Virginia, and Delaware.
March IREM president’s message: Economic forecast looking bright
March 1, 2024
The IREM Boston Chapter 2024 Economic Forecast for Real Estate and Property Management Luncheon held on January 25th at Granite Links in Quincy was an information packed session. In addition to statistics provided by guest speaker Jordan Brooks of ALN Apartment Data that point to a resilient demand for lease-ups in the Greater Boston area
BOMA Boston Update: Ski trip, BOMI education and more
March 1, 2024
On Friday, February 16th BOMA Boston hosted their Annual Ski Trip at Loon Mountain. 75 BOMA members and guests hit the slopes. Attendees enjoyed breakfast, a buffet lunch, and an après-ski reception with a cash bar. Thank you to ATI Restoration and Greenscape for sponsoring this wonderful event!
Gorman Richardson Lewis Architects promotes Gutmann to project manager
March 1, 2024
Hopkinton, MA Gorman Richardson Lewis Architects (GRLA) is pleased to announce that Robert Gutmann has been promoted to project manager. Gutmann manages a variety of building envelope projects including roof restorations, property assessment studies,
Samuels & Associates proposal at 1400 Boylston St. approved by Boston Planning & Development Agency...
March 1, 2024
Boston, MA The Samuels & Associates proposal at 1400 Boylston St. to create a mixed-use project anchored with an office/research and development building along with active retail spaces and creating multiple community benefits was approved by the Boston Planning & Development Agency board.
Helfrich Brothers Boiler Works, Inc. awarded $6.32 million from MassDevelopment
March 1, 2024
Lawrence, MA MassDevelopment has issued a $6.32 million tax-exempt bond on behalf of Helfrich Brothers Boiler Works, Inc. Helfrich will use bond proceeds to buy and renovate a vacant 41,000 s/f building at 43 Merrimack St., located next to the company’s existing 100,000 s/f headquarters, to create additional space for its advanced manufacturing