Front Section

Building Engines named #1 Property & Facility Management Platform

Boston, MA Building Engines has been chosen as the first place winner in the Property & Facility Management category for the sixth annual CREtech Real Estate Tech Awards (#RETAS), presented by CREtech and JLL Spark.

Trotta of Lyman Real Estate sells 1.66 acres

Glastonbury, CT According to Ron Lyman, CCIM, CEO of Lyman Real Estate Brokerage & Development, the firm has completed the sale of Lot 4, Sequin Dr. Lyman broker and associate Carolyn Trotta represented sellers Kristin Muschett and Erica Backmann. The sale price was not disclosed.

Pushing back on proposed ACA penalties - Part 1 - by Michael Duffy

A significant number of 226-J Letters sent to large employers contain material errors. Don’t cut the IRS a check unless you’re sure the ESRP penalty being proposed is actually due.

Charron of Berkshire Hathaway Verani Realty handles two sales totaling $2.76 million

Concord, NH According to Berkshire Hathaway Verani Realty, senior advisor Michael Charron has completed the sale of two multifamily investment properties for $2.76 million. The transaction includes 44 residential units contained in five separate buildings, and is

SIOR holds joint event with the Newton-Needham Chamber

Needham, MA The New England SIOR Chapter held its first ever joint program with the Newton-Needham Chamber of Commerce at 156 Oak St. Approximately 90 members of the chamber and SIOR registered. From the SIOR Chapter the following

JLL arranges $97.5 million financing for 2nd phase of Atlantic Station on behalf of developer, RXR Realty

Stamford, CT JLL has arranged $97.5 million in financing for the development of the second phase of Atlantic Station, a mixed-use residential and retail property in downtown. JLL worked exclusively on behalf of the developer, RXR Realty, to secure the floating-rate construction loan through Bank OZK.

Arrowpoint Properties purchases 140-unit apartment complex for $29.3m

Methuen, MA Arrowpoint Properties has completed its latest acquisition of a 140-unit class B apartment complex property, Appleton Sq., for $29.3 million. The acquisition comes on the heels of its recent sale of River’s Edge Apartments in Haverhill,

Cushman & Wakefield represents Saletin Real Estate Group in the leasing of 600 Providence Hwy.

Dedham, MA Cushman & Wakefield represented Saletin Real Estate Group in the leasing of 600 Providence Hwy. The 90,000 s/f property across 11.25 acres was sold to an affiliate of Saletin Real Estate Group,

Can you use exchange funds for improvements on your replacement property in a 1031 exchange? by Bill Lopriore

A 1031 exchange is a great tool for exchangers who want to avoid paying tax on the gain from the sale of real estate. However, in order to completely defer the tax, an exchanger must find one or more replacement properties with a total fair market value that equals or exceeds

National Development and Charles River Realty Investors sell Constitution Wharf for $114 million to Jamestown

Charlestown, MA Newmark Knight Frank (NKF) has completed the $114 million sale of Constitution Wharf on behalf of National Development and Charles River Realty Investors to Jamestown. Vice chairman Edward Maher,