Portland, ME MAG Capital Partners, LLC acquired a 60,000 s/f lobster processing facility in coastal southern Maine, in a private, off-market sale leaseback transaction.
I have to feel bad for all those Massachusetts ‘migrants’ who escaped Boston for the warm climes of Florida. It’s not an illusion, the sun seems to be appearing more frequently and the snow never came. This winter’s incredible record-breaking lack of snowfall has been a blessing to the restaurant trade and the pocketbooks of everyone in one way or another
2022 was a very busy and successful year for the brokerage division of NAI Plotkin. Suburban markets around Springfield, Mass., including Ludlow, Chicopee, West Springfield, and Westfield, as well as Enfield, Conn., have been particularly busy.
Westfield, MA Vice president Jason Curtis has been appointed as Tighe & Bond’s building services business line leader. Curtis is a registered Professional Engineer in several states and a LEED Accredited Professional.
Springfield, MA The Mass DOT closed on the 7.8 acre parcel at 255 & 331 Liberty St. for $2.4 million. The property is two blocks from Union Station and abuts the CSX rail. This is part of the plan to improve service
Since the start of 2021, the Greater Springfield industrial market has experienced consistent growth in recent quarters, though future growth is limited by the lack of quality inventory. Rents were steadily increasing through Q4 2022, with a range between $4.33 and $5.95 per s/f triple net (NNN) as availability has continued to decrease.
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 45 days of the sale, and acquires “like kind” property within 180 days of the sale.
The central theme of CBRE research year end summary reports is the need to adopt to hybrid work strategies, looming recession fears, and the importance of keeping a close watch on key trends used as indicators of market health. This article will address these issues across various Boston product lines.
We are now at the end of January and we have listened to all the year end best of for 2022. We have also heard many predictions for the year to come. But what is actually the state of the real estate industry? There are many aspects to our industry and each has its ups and downs.
Forecasting the future is always difficult, but trying to predict how the real estate, construction, and engineering industries will perform in 2023 seems like a coin flip. On the negative side, there are many economic headwinds, including inflation, rising interest rates, supply chain delays,
