Spotlights

WinnCompanies completes $49.3m rehab of Preserve North apartment community - extends affordability for 45 years

Peabody, MA WinnCompanies celebrated the completion of a $49.3 million rehabilitation project to repair and modernize a 284-unit affordable housing community built inside the historic former leather tannery that helped make the city a worldwide hub

North Shore Realty Advisors, Inc. sells 26-30 Harwood St. in Lynn, MA for $5.765m

Lynn, MA Dan and Sara Pouladian of North Shore Realty Advisors, Inc. sold The Harwood Street Apartments located at 26-30 Harwood St., a 24-unit portfolio. This asset sold for $5.765 million equating to $240,208 per unit.

Employee must be paid in full for earned wages on termination date to avoid treble damages - by Michelle De Oliveira and David Kerrigan

A recent decision by the state’s highest court has reinterpreted the Massachusetts Wage Act’s damages calculation for a late wage payment to a discharged employee, holding that an employer that does not pay earned wages in full on an employee’s termination date is liable

Summer is the time to keep an eye on factors which affect our business futures - by David O'Sullivan

Ah, it’s summer and a time for relaxation and vacations. But the world does not pause when we decide to go away and enjoy the beach, mountains or explore new places. The news in the real estate industry is about supply chain issues, project delays, rising interest rates and falling sales

Why doesn’t it feel right? What is going on out there? Read the tea leaves - by Bill Pastuszek

Beige Book, June 2022. Economic activity in the First District increased slightly amid robust wage and price growth. Labor scarcity remained a widespread problem as headcounts increased only slightly. Restaurant profits fell on steep input price increases. The outlook for summer tourism was bright,

2022 Mid-Year Review and Forecast for 1031 tax-deferred exchanges in second half of 2022 - by Brendan Greene and Mark McCue

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 capital gains taxes if the property owner sells such property, identifies “like kind” property within forty-five days of

There must be a silver lining somewhere in this picture - Dennis Serpone

Due to the current state of our economy why would anyone want to start or own a small business in our country, let alone the capital intensive, labor intensive food & beverage industry? The answer is very simple…because ‘restaurants’ can be very profitable

Clients should feel confident when they hire a New England Security guard - by Daniel Sarno

As the COVID-19 dust settles, one thing that all can agree on is that the pandemic shook us at our core. Countless businesses folded, employees lost their jobs, and families lost loved ones. The sense of doom and despair was real. It took a lot of positive thinking and perseverance for people and businesses

With leveling out of markets, it is encouraging to see tenants signing new leases and renewals - by Kristie Russell

The New Hampshire office and industrial market are starting to level off from the impact of the pandemic. Over the last four quarters, the vacancy rate in the office sector has seen practically no change quarter-to-quarter. With deals being signed and little change in the overall office vacancy rate,

Sweeney sums up summer in Rhode Island’s 2022 commercial real estate market - by Tom Sweeney

Well here we are. Many businesses are trying to determine how to navigate the current economic situation. “Economic outlook has dropped to historic lows, down 75% from a year ago as prices have increased about 8.6%” according to 2022 JPMorgan Chase & Co. Business Leaders Outlook Pulse survey.