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 45 days of the sale,
In a typical 1031 Exchange, real estate investors are able to defer taxable gains under Internal Revenue Code (IRC) Section 1031. If a taxpayer engages in a like-kind exchange of property, which is a tax-deferred transaction in which one investment property is exchanged for another of the same type, they may defer recognition of any taxable gain or loss realized on the exchange.
Mattapoisett, MA Along the shores of Massachusetts’ South Coast, the town of Mattapoisett is known for its village center, historic homes, and beaches. Now, with the debut of The Cottages at the Bay Club, this community
Boston, MA According to Wilder, a trusted leader in real estate development, management, and leasing, specializing in retail and mixed-use developments along the Eastern Seaboard, they are assuming property management responsibilities
Burlington, MA Newmark has arranged a 41,411 s/f top-floor lease for medical technology company Pramand at Blue Sky Center, a world-class office/R&D campus. This move marks the Pramand’s relocation and expansion of its corporate headquarters from Bedford, Mass.
Wilmington, MA Anthony Triglione and Rick Bartley, of Nordlund Associates collaborated in the sale of 16 Upton Dr., Unit 5. The 18,000 s/f industrial condominium was tenanted by Por-Shun, Inc. a well-established dairy distribution business (since 1974), who executed a long-term lease.
Palmer, MA Horvath & Tremblay has completed the sale of two industrial properties for a total of $4,611,462. Bob Horvath, Todd Tremblay, and Brad Canova of Horvath & Tremblay have completed the sale of Bell/Simons Co. Horvath & Tremblay
Woburn, MA National fintech firm TimePayment has moved its headquarters from Summit Dr. in Burlington to a 5,900 s/f space at Cummings Properties’ TradeCenter 128 innovation campus in Woburn. Founded in 1986, TimePayment provides customized equipment lease
Chelmsford, MA Commercial Property Advisors (CPA) has been awarded the exclusive listing assignment for 321 Billerica Rd., a medical/general office property owned by Albany Road Real Estate Partners.
Malden, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of The Gateway at Malden Center, a 203-unit, 100% market rate apartment community for $97 million.
