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1031 like-kind exchanges and vacation homes - by Bill Lopriore

Many people own rental properties in vacation locations and want the benefits of tax-deferred exchanges while still enjoying their property for personal use. However, too much personal use and not enough rental use can disqualify the property

Starting a new hotel investment cycle - by James O'Connell

During preparations for an upcoming championship boxing match, Mr. T was asked what he predicted for the fight between he and Rocky Balboa. All Mr. T predicted was, “PAIN.” Sadly, all that can be accurately predicted for the Northeast’s and National hotel industry, over the next six to eighteen months is, PAIN.

Girolamo of Horvath & Tremblay handles $2.325 million in two sales

Salem, MA Stephen Girolamo of Horvath & Tremblay has arranged the sale of 122 Boston St. as well as 75-79 Boston St. for $2.325 million. 122 Boston closed at a sale price of $1.175 million and $195,833 per unit.

Cummings Properties hires local students for summer

Woburn, MA Although the pandemic made seasonal jobs scarce this year, 20 local students found gainful employment at Cummings Properties.

Dealing with IRS penalties - by Michael Duffy

Taxpayers who fail to file their tax returns on time or fail to pay the full amount due are automatically hit with hefty charges for interest and penalties. When this happens, taxpayers should expect to receive a bill in the mail a few months after filing.

Calare completes plans for a new industrial dev. at 50 Nagog Park

Acton, MA Calare Properties (Calare) has completed plans for a new industrial development at 50 Nagog Park to meet the growing demand for flexible, high bay assets in suburban markets. The build-to-suit project will deliver 120,000 s/f of industrial flex space

Stonebridge Homes works on three new model homes at Stonebridge at Union Point

South Weymouth, MA Stonebridge Homes Inc. is in the process of building three model homes in the new development at the exclusive Union Point. Once completed, Stonebridge at Union Point

Sullivan & Sullivan Auctioneers brings 30+ acres of land to auction

East Bridgewater, MA Sullivan & Sullivan Auctioneers will bring 30+ acres to auction on behalf of the town. This public auction will consist of four separate offerings.

Cabot, Cabot & Forbes’ The Overlook at St. Gabriel’s now open

Brighton, MA The Overlook at St. Gabriel’s, the new hilltop residential community at 161- 185 Washington St., is now open. Real estate developers Cabot, Cabot & Forbes and Peak Campus

Newmark Knight Frank completes 8,017 s/f medical lease to Fresenius

Wellesley, MA Newmark Knight Frank (NKF) has completed 8,017 s/f, long-term medical office lease to Fresenius Kidney Care (Fresenius) at 981 Worcester St.