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Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:

PUMA opens 150,000 s/f headquarters at Federal Realty’s Assembly Row - Designed by Gensler, built by Timberline, leased by C&W

Somerville, MA PUMA has officially opened its new North America headquarters at Assembly Row, bringing together the company’s approximately 450 employees from its two former offices in Boston and Westford, Mass.

MassDevelopment and Middlesex Savings Bank provide $4.1m tax-exempt bond for Accumet Eng. to build new 39,375 s/f facility

Devens, MA MassDevelopment has issued a $4.14 million tax-exempt bond on behalf of Lake George Realty LLC, an affiliate of Accumet Engineering, Inc., which will use bond proceeds to buy a 3.1 acre parcel at 41 Lake George St.

Worth Avenue Capital closes $210,000 CRE loan

North Haven, CT Worth Avenue Capital, LLC closed a $210,000 CRE loan to a small business. The loan proceeds were used to consolidate the company’s business debt and the loan is secured by a first mortgage

Tapponi promoted to Village Bank branch manager

West Newton, MA Ghazwan Tapponi has been promoted to manager of the The Village Bank’s local branch. Tapponi joined The Village Bank’s retail team in January 2018 and quickly made an impact.

Campanelli completes sale of 2m s/f Business Park of Uxbridge

Uxbridge, MA Campanelli sold the final 64-acre parcel of the Business Park of Uxbridge (CBPoU). The property sold to investment funds managed by Morgan Stanley Real Estate Investing (MSREI)

Chacharone Props. rebrands former Allegro MicroSystems site

Worcester, MA The former Allegro MicroSystems property at 115 NW Cutoff, has been rebranded as the I-290Connector by Chacharone Properties.

Moretti of Lila Delman Compass sells 21 Chastellux Ave. property for $7.1 million

Newport, RI Lila Delman Compass sold 21 Chastellux Ave. for $7.1 million this summer. Cynthia Moretti, associate broker for Lila Delman Compass, represented the seller and facilitated for the buyer.

Boston Realty Advisors reps. Callodine Group

Boston, MA Callodine Group has signed a new lease at 545 Boylston St. in the Back Bay, and Boston Realty Advisors represented Callodine.

The Stubblebine Co. leases 160,122 s/f to Masy Systems

Amherst, NH Masy Systems, Inc. has leased 160,122 s/f in a new industrial 36’ warehouse building at 2 Howe Dr. Completed in 2021, the building features 53’ x 45’ column spacing,