Category: Owners Developers & Managers

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

Condominium associations are confronting unique challenges related to Coronavirus disease 2019 (COVID-19) and combating its spread in their residential community given the use of shared common spaces such as lobbies, elevators, mail rooms and laundry facilities.

Walpole, MA Dan Waldman of Waldman & Associates completed his fifth sale in town. Previously, Waldman has sold everything from a self- storage facility to Cube Smart for $14.3 million, an office building for $7.1 million, a gas station for $1.2 million and an office condominium to a dentist for $795,000.

Narragansett, RI Residential Properties Ltd sold 30 Seagate Rd. for the price of $4.45 million, making it the highest sale in Narragansett this year. The buyers are represented

Narragansett, RI  Lila Delman Real Estate continues to lead the luxury real estate market Statewide with the sale of 30 Seagate Dr. for the full asking price of $4.45 million.

Watertown, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of 17 Winter St. The 28-unit brick multifamily sold for $10 million, closing at a 3.74% cap rate.

Cambridge, MA According to Colliers International, its Capital Markets team facilitated the sale of and arranged financing for 17 Story St. in Harvard Sq. First Cambridge Capital purchased the .32-acre site

Well, the past few weeks have been interesting to say the least. COVID-19 has wreaked havoc on the world – impacted the health and wellness of thousands of people; tested the limits of our healthcare system; shut down schools and businesses; restricted travel

Boston, MA City Realty Group  donated new Chromebooks to help underserved local students continue learning at home during the coronavirus pandemic. School officials estimate that at least 15% of all city public school students do not have access to a computer

Guilford, CT Despite the recent challenges that COVID-19 has caused in the marketplace, Worth Avenue Capital (WAC) was able to close a commercial loan for the purchase of a multi-family investment property in Connecticut.

Presentation of Evidence As discussed in the previous installment of this series, once a jury has been selected (assuming the parties are proceeding with a jury trial) and opening statements have been given by counsel for each side,