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JLL Capital Markets closes $33 million sale of Sanofi Genzyme’s Northborough Global Operations Center - 212,000 s/f facility

Northborough, MA JLL Capital Markets has closed the $33 million sale of Sanofi Genzyme’s Northborough Global Operations Center, a fully net-leased, 212,000 s/f, GMP-certified industrial facility located at 11 Forbes Rd.

DeWolfe and O’Brien of Greater Boston Commercial Properties Inc. broker sale of 34,5000 s/f building

Westborough, MA Tyler DeWolfe and Bret O’Brien of Greater Boston Commercial Properties Inc. represented the seller, R.G. Shakour, Inc. in the sale of a 34,500 s/f manufacturing building at 254 Turnpike Rd..

Penalties invalid if IRS does not get proper approvals - by Michael Duffy

When the IRS discovers that a taxpayer failed to report income on their tax returns, or adjusts the amount of tax they owe in an audit, there is a chance that something known as the Section 6662 accuracy-related penalty will be assessed.

Ward of Colliers International sells Rye Airfield Skatepark for $6.1m

Rye, NH Colliers International, a global leader in commercial real estate services, has completed the sale of 2 and 6 Airfield Dr. and 190 Lafayette Rd. to Grail Real Estate, LLC and Planche Real Estate, LLC, respectively.

Kulik of Horvath & Tremblay facilitates $1.925 million portfolio sale

Whitman, MA Jason Kulik of Horvath & Tremblay has completed the sale of a four building, 18-unit multifamily portfolio. Horvath & Tremblay exclusively represented the seller

Landry/French Construction completes four-level 385-space VA parking garage in record 20-days

Portland, ME Landry/French Construction completed the erection of the four-level, 385-space parking garage for the new VA Community-Based Outpatient Clinic (CBOC) located at 141 West Commercial St.

Ponte named director at Fletcher Tilton PC

Boston, MA According to Fletcher Tilton PC, Adam Ponte has been named a director of the firm. Ponte is a commercial litigation attorney at Fletcher Tilton and manages the firm’s local office.

Genesis Management Group installs ActivePure Technology at 290 and 400 Donald J. Lynch Blvd.

Marlborough, MA As COVID-19 vaccines roll out, employers and property management companies across the country are determining how best to safely bring their employees back into offices.

What do I need to buy a fully tax-deferred 1031 exchange? - by Bill Lopriore

Equal or Greater  in Value and Equity A common question from taxpayers is “How much do I have to buy in order to defer my taxes?” While it’s important to have your tax advisor

McCall & Almy promotes Burke to senior vice president, lease admin.

Boston, MA According to McCall & Almy, Sarah Burke has been promoted to senior vice president in the lease administration group.  Burke joined McCall & Almy in 2018 and works with their clients