Category: Owners Developers & Managers

On April 20, 2020, Mass. governor Baker signed into law “An Act providing for a moratorium on evictions and foreclosures during the COVID-19 Emergency.” The new law puts a temporary moratorium on nonessential evictions of residential and small business

Boston, MA  Suffolk has hired Tony Rango as president of Suffolk west region. Rango will be responsible for leading Suffolk operations in its existing markets of San Francisco, Los Angeles and San Diego and expanding

Lowell, MA Rockport Mortgage Corp. completed the closing of an FHA Section 223(f) refinancing loan totaling $9 million for the Lowell Belvidere Apartments. The property is managed by Peabody Properties

Boston, MA Amidst a dire, statewide shortage of critical medical supplies, the region’s largest electrical workers’ union, IBEW Local 103, has donated 20,000 medical-grade protective masks to the Massachusetts Nurses Association (MNA) for direct distribution to front-line caregivers at Brigham and Women’s Hospital.

Quincy, MA EBI Consulting has opened their new office. Having outgrown their original office in the city, opened in 2012, the company has relocated the regional office to a larger facility in the same city. The new facility located at 2 Batterymarch Park

When a business and brand are associated with worthy causes, it makes a powerfully positive impression. It helps Coca Cola’s brand when they sponsor sports teams and the Olympics. It’s good PR when Amgen’s cardio drugs support the American Heart Association. 

Norwood, MA Jefferson Apartment Group (JAG) completed the sale of Jefferson One Upland for $103.6 million, marking the first sale in JAG’s Income Fund. The community was acquired through a joint venture with KKR and JAG in 2017.

Plymouth, CT Tom Boyle of the Hartford office of investment broker Chozick Realty, Inc., has facilitated the sale of Burnham Street Apartments, located at 11 Burnham St. This eight-unit property brought a price of $460,000.

Boston, MA According to The Boston Foundation, one of its donor advised funds has awarded $1 million in rapid response grants to meet the needs of children impacted by school closings due to the COVID-19 crisis.

Providence, RI Lila Delman Real Estate continues to drive market activity during these unique times, as is evidenced by the sale of 53 Stimson Ave. on the East Side of the city for $1.337 million.

Many New England real estate investors seeking tax deferral in a 1031 exchange or contemplating a sale of an investment property in the near future and intending to perform a 1031 exchange have been anxiously awaiting guidance from the IRS on the impact of the COVID-19 pandemic

The commercial real estate industry is in uncharted waters due to the impact of the COVID-19 pandemic. The economic impact of this pandemic will potentially be felt for some time. That being said, while the recent IRS guidance regarding the extension of the 1031 exchange deadlines is appreciated, and provides some benefits, the unclear guidance leaves much to be desired by those taxpayers that are in the midst