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Women in Real Estate Spotlight September 24 - Nominate someone from your firm today!

The NEREJ would like to invite your firm to participate in our "2021 Women in Commercial Real Estate Spotlight".  This is the perfect place to nominate a woman/women from your company that deserve to be recognized for their outstanding accomplishments. This highly visible, stand-alone section will be published in our September 24th issue and

Mendola and Robinson of NAI Norwood Group handle sale of 2.96 acre site for new self-storage facility

North Andover, MA Albacado Limited Partnership sold a 2.96-acre lot on the corner of Beechwood Dr. and Rte. 125 to a private equity joint venture. The joint venture has received approvals to develop a 90,000 s/f, 2.96-acre self-storage facility. This site is directly across the street from the redevelopment of a 2.5 million s/f Amazon distribution center.

Eaglebrook Capital acquires 1060 Cambridge St. for $5.9 million - Alves of ReMax Destiny reps. seller; Taylor of Fortune Realty reps. buyer

Cambridge, MA Eaglebrook Capital has acquired a 15-unit mixed-use asset located at 1060 Cambridge St. for $5.9 million. The five-story 11,055 s/f building comprises 13 residential units and two commercial units. Eaglebrook plans to reposition the asset through minor renovations

Freudenheim Partners assists Core Investments, Inc. in 10,917 s/f lease at the Prudential Center

Boston, MA Freudenheim Partners has facilitated the relocation of Core Investments, Inc. from 699 Boylston St. to the Prudential Center located at 800 Boylston St. Core Investments is growing from its current space of 7,222 s/f

The Stubblebine Co. arranges $6.5 million industrial building sale

Lawrence MA David and James Stubblebine, principals of The Stubblebine Company, arranged the sale of 21 Glenn St., a 93,580 s/f industrial building on 5.4 acres of industrial zoned land. The Stubblebine Co. represented the buyer, John Hernandez of JVJ Solutions.

Brady Sullivan Props. leases 27,351 s/f to Alumni Ventures Group at Jefferson Mill

Manchester, NH Brady Sullivan Properties has secured a new neighbor at its office headquarters at 670 N. Commercial St. Alumni Ventures Group (AVG) executed a long-term lease for 27,351 s/f on the top floor of the historic Jefferson Mill,

Jumbo Capital sells 154,314 s/f warehouse building for $16.3 million

Avon, MA Privately held real estate investment firm, Jumbo Capital Inc. has completed the sale of 40 Robbie Rd. The 154,314 s/f single-story warehouse/distribution building is located on 8.87 acres within the Avon Industrial Park.

Triglione of Nordlund brokers $2.375 million sale of 1900 Southwood Dr. in Nashua, NH on behalf of the owners - a 19,764 s/f building

Nashua, NH According to Nordlund Associates, Anthony Triglione facilitated a transaction representing the property owner in the sale of 1900 Southwood Dr. The sale price for the property was $ 2.375 million.

Klein and Lyman of Marcus & Millichap complete $1.5 million sale of 2 Spratt Technology Dr.

Sterling, MA Marcus & Millichap completed the sale of 2 Spratt Technology Dr., an 18,000 s/f industrial property, according to Thomas Shihadeh, regional manager of the firm’s Boston office.

Tax considerations when converting an investment property to primary residence - by Bill Lopriore

Since January 1, 2009, federal tax law limits the amount of gain eligible for exclusion from taxation (known as the “Primary Residence Exclusion”) when you sell a house used as a primary residence, if you also used the house for another purpose, such as a rental.