Top 1031 Exchange pitfalls - by Lynne Bagby

As we enter into a “spring” market here in New England, real estate investors who are contemplating a 1031 tax deferred exchange transaction sometimes find that they have an unexpected or unplanned issue that could obstruct their ability to successfully complete a 1031 exchange as anticipated. This article briefly addresses some of the most frequent 1031 exchange mistakes and pitfalls to be avoided.

Improvement or Construction Exchanges under IRC Section 1031 - by Brendan Greene

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 within forty-five days of the sale, and acquires other “like kind” property within 180 days of the sale.

A.W. Perry signs new tenant and completes
15,000 s/f in renewals at 420 Boylston St.

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.

Horvath, Tremblay and Hare of Horvath & Tremblay brokers
$10.324 million sale of CVS store in Spencer, MA

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

Capital gap for business owners of color in the CRE sector - by Colleen Fonseca

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,

MountainOne Insurance Agency acquires G.W. Morisi Insurance Agency, Inc.

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.

Sweeney and Rouse of Sweeney Real Estate & Appraisal arrange 3,723 s/f lease to GE

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

Three 1031 Exchange investment options - by Dwight Kay

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.

Capital Group Properties receives approval for 67,500 s/f industrial building

Leominster, MA Capital Group Properties has received full site plan approval for a proposed 67,500 s/f industrial building to be located at 21 Jungle Rd. Capital Group Properties anticipates delivery late in the fourth quarter of 2024. The planning board approved the site plan

Ogasapian and Sampson of R.W. Holmes arrange three building sales

Burlington, MA R.W. Holmes has recently negotiated multiple sales transactions. Highline Construction purchased the 5,870 s/f industrial/flex building at 215 Middlesex Tpke., for $1.82 million. The property was sold by Hamel & McAlister.