McKee promoted to vice president of operations at The Peabody Cos.

Braintree, MA According to The Peabody Companies, John McKee has been promoted to the position of vice president of operations, effective immediately. In this new position, McKee will continue to play a key role in fostering client relationships, developing new business opportunities

Margulies Perruzzi completes renovations for Middlesex Savings Bank

Concord, MA Middlesex Savings Bank and Margulies Perruzzi (MP) re-opened the bank’s newly renovated branch at 64 Main St. Located in the town’s historic district, the branch renovation focused on celebrating and honoring the historic interior

Residential Properties Ltd’s DeRentis and Kellogg complete $1.2 million sale

Providence, RI According to Residential Properties Ltd (RPL) 24 Intervale Rd. has sold for $1.2 million. The listing agent was sales associate Jim DeRentis, while the selling agent was sales associate Leslie Kellogg. Both are members of RPL’s Providence office.

Cyrier and Saulnier of MANSARD broker $3 million sale to AZAD Legacy Partners

Billerica, MA MANSARD has facilitated the sale of 95 Billerica Ave. for $3 million to AZAD Legacy Partners. MANSARD sold the property on behalf of Taurus Investment Holdings. Taurus acquired the property in 2008 through their opportunity program

WS Development leases 580,000 s/f to Foundation Medicine at 400 Summer St. in Seaport

Boston, MA In one of the largest life sciences lease in the city since 2011, WS Development has leased 580,000 s/f of laboratory and office space to Foundation Medicine at 400 Summer St., part of the company’s 23-acre Seaport development.

David and James Stubblebine and Ringuette of The Stubblebine Company sell 255 Hudson Rd. for $5.75 million

Stow, MA David and James Stubblebine, principals, and Alan Ringuette, senior advisor, all of The Stubblebine Company, represented RT Real Estate LLC in the sale of 255 Hudson Rd. They also procured the buyer, Lowfield Realty Group.

Jewett Construction hires Duhaime as project manager

Scarborough, ME Jewett Construction has added Steve Duhaime to their project management team. Duhaime has been hired as a project manager to ensure that each project is exceptional and results in the highest level of client satisfaction.

Aho Properties leases 3,550 s/f at 42 Nagog Park

Acton, MA Joel Aho, president of Aho Properties represented the landlord, Technology Point Properties LLC, in leasing 3,550 s/f at 42 Nagog Park to FluidForm Inc.

Project of the Month: Dacon Corp. and L. Knife & Son, Inc. complete 62,000 s/f expansion for Sheehan Family Cos.

Kingston, MA Dacon Corp. has completed a 62,000 s/f expansion  to the corporate headquarters of the Sheehan Family Companies located at L. Knife & Son, Inc.. Since its founding four generations ago, L. Knife & Son

Can you exchange one property for multiple properties, or multiple properties for one property, in a single 1031 exchange? - by Bill Lopriore

Taxpayers often ask whether they can exchange out of more than one relinquished property for a single replacement property, and whether they can exchange into more than one replacement property for a single relinquished property. The short answer is yes