While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here’s what not to do:
1. Miss the 45-Day Identification Deadline: Upon closing on relinquished property, you have 45 days to identify in writing what you intend to acquire in the exchange.
Brockton, MA A settlement has been reached on a court challenge that was holding up redevelopment of the historic Brockton Furniture Building, clearing the way for 55 new apartments in a transforming downtown neighborhood, according to mayor Robert Sullivan.
Waltham, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of two, four-unit multifamily buildings for $2.587 million. The property at 177-181 Robbins St. sold for $1.3 million ($325,000 per unit) and 221-223 Brown St. sold for $1.287 million ($321,750 per unit).
Devens, MA King Street Properties, one of the largest owners of lab space in the U.S., has launched a new initiative named Pathway which will provide life science tenants with customizable, flexible, biomanufacturing space. The launch came at a project kickoff ceremony which included elected officials and the CEO of MassDevelopment.
Danvers, MA Nordlund Associates, Inc. negotiated the $392,500 sale of 100 Conifer Hill Dr., suites 305-306. The asset consists of a 2,550 s/f office condominium. Nordlund represented the seller, Castagna Real Estate Development LLC, and the buyer, R.C Griffin, Inc., in the negotiation.
Lancaster, MA MassDevelopment has issued a $17.08 million tax-exempt bond on behalf of Doctor Franklin Perkins School (Perkins), a nonprofit human services provider and school serving children and adults from across New England.
Boston, MA According to A.W. Perry, Susan Perry O’Day has been appointed president of the company. O’Day becomes the 10
th president of this privately held real estate firm established in 1884 by Alonzo Perry and follows in the footsteps of the late Rich Beal.
Pembroke, MA The Conrad Group has negotiated the sale of a five-building, 70,000 s/f industrial park located at 708 Washington St. Two of the five buildings are leased and three are currently empty. The buyer, an entity of Dynavac headquartered in Hingham
Watertown, MA According to Boylston Properties and Stonebridge Companies, the Hampton Inn & Suites by Hilton is scheduled to open at the end of December in Arsenal Yards. The hotel will be a welcomed addition to the limited hotel options that currently exist in the area, which is a growing destination for Boston/Cambridge leisure travel,
Boston, MA CBRE has arranged eight new office leases and one expansion for LifeStance Health, Inc., a national outpatient behavioral health company, across the Greater Boston area. CBRE’s Emmett Purcell and SVN | Parsons Commercial Group | Boston’s
