Exchanges may be fully tax-deferred or partially tax-deferred and partially taxable. An exchange will be partially taxable if the taxpayer receives net non-like kind property, (boot) in the exchange. Cash boot is received, and therefore taxable, when the taxpayer receives cash
Boston, MA Sidney Spiegel of Spiegel Associates has arranged a $8.28 million loan for a property at 1759-1769 Washington St. in the South End. The property was constructed in 1875 as the Alexandra Hotel. The loan was funded by a regional bank that saw the value of the property
Mansfield, MA Fantini & Gorga arranged a $20.5 million financing package for the development of 300 North Main, a transit-oriented, mixed-use development. Casimir Groblewski, senior managing director, and Lindsay Feig, director, arranged both the debt and the equity portions of the capital stack for the project.
Cambridge, MA Rockland Trust has provided $17.7 million in financing to local developers Capstone Communities LLC and Hope Real Estate Enterprises LLC. The financial package includes an $8.7 million construction loan and $9 million in low income housing tax credit equity.
East Cambridge, MA Urban Spaces has finalized a $71 million construction loan with People’s United Bank for Kendall East, a mixed-use, two-building property comprised of 120 market-rate and 16 affordable apartments and 15,000 s/f of retail located in the First St.
Canton, MA Eastern Bank places $11 million construction loan to Thorndike Development for ground-up construction of the Copperworks Condominiums. With first occupancies planned for this December, Copperworks is a three-story boutique condominium community
Boston, MA Boston Appraisal & Consulting, LLC has opened their new office at 100 Franklin St., 7
th floor. Thomas Jensen, MAI, a seasoned commercial real estate appraisal industry veteran, leads the office as executive director.
Somerville, MA JLL has arranged $140 million in financing for 101 South St., a 289,000 s/f, class A office and lab development in the Boynton Yards area of the city. The project is under construction
Freetown, MA AmeriCann, Inc., a cannabis company that is developing cultivation, processing and product manufacturing facilities, has secured a $4 million investment to accelerate the second phase of construction at its Massachusetts Cannabis Center
Waltham, MA Cornerstone Realty Capital has arranged $3.8 million for the acquisition and renovation of a townhouse-style apartment building. The property, known as Lawton Place, consists of 11 three-bedroom units and one four-bedroom unit
