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,
Looking back at the year 2022, again my firm, Wason Associates, had one of our best years in hotel brokerage transactions and dollar volume. As we head into the new year, we have some really exceptional hotel properties under agreement to close in the next few months.
There is a different tone in the industrial world, specifically in the development. You could say, there have been some developments in development. These developments include markets like Boston, but also formerly secondary and tertiary markets like Southern New Hampshire, Providence, R.I., Central and Western Mass.
Many real estate property owners often think they insure the building for what they paid for it or what the current resale market value might be. This however, does not take into consideration what would happen in the event of an insured property loss that requires rebuilding
