It is important for an appraiser to understand the difference between cold storage and food processing facilities compared to other forms of more traditional warehouse and manufacturing plants. The appraiser first needs to identify their unique physical characteristics and use
Lowell, MA MassDevelopment has participated with Washington Savings Bank to provide a $3.062 million loan to Residence at Mill Square LLC, an affiliate of Degmar Development Corp. Degmar used proceeds to
Tewksbury, MA JLL has arranged a $12.6 million refinancing for 554 Clark Rd., a 102,200 s/f flex/R&D building. JLL worked on behalf of the borrower, Oliver Street Capital, to secure the fixed-rate loan with UniBank
Lexington, MA Cornerstone Realty Capital, a boutique commercial mortgage brokerage company, is celebrating an exciting milestone as the company reaches 15 years of shared success. Over the last 15 years,
Holyoke, MA KeyBank Community Development Lending and Investment (CDLI) secured $41 million of financing for The Community Builders (TCB), a nonprofit real estate developer, owner and manager based in Boston,
Fraud and cybercrime, particularly involving bank wire transfers for real estate transactions, continue to increase at an alarming rate. The long known scams of phishing emails with claims of lottery winnings or an inheritance, the need to protect loved ones by forwarding funds, etc.
Many people own rental properties in vacation locations. With proper planning, a tax-deferred exchange may help them enjoy their vacation property to a limited extent, while still having the tax benefits available from a tax-deferred exchange.
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “The productive use in a trade or business or for investment,” to defer paying any capital gains taxes if the property owner sells such property, identifies “like kind” property
With all of the development and new construction happening throughout New England, many real estate investors are interested in taking advantage of opportunities to purchase new construction directly for investment or as replacement property in a 1031 exchange.
Earlier this year we wrote about the growing market for 1031 exchanges using Delaware Statutory Trust (DST) investments as replacement property. Since then, interest in DST solutions for 1031 exchanges has continued to grow.
