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Category: Owners Developers & Managers
Prolman Realty, Inc. and Hirsch and Company broker $1.213m building sale
March 27, 2020
Amherst, NH Prolman Realty, Inc. has completed the $1.213 million sale of 6 Columbia Dr., Unit 2 to LASQ, LLC. According to Mark Prolman of Prolman Realty, the 15,200 s/f building is in great condition
SGA-designed lobby at 99 High St. now open - Corderman & Co. worked as the construction manager
March 27, 2020
Boston, MA According to SGA, a Boston and New York-based national architecture, interior design, planning, branded environments and virtual design construction firm, the lobby of 99 High St.
CBRE represents Omni Logistics and Clarion Ptrs. in 115,822 s/f
March 27, 2020
Billerica, MA According to CBRE, Omni Logistics leased 115,822 s/f of high-bay warehouse space at 90 Salem Rd., located in Billerica Commerce Center.
Savings Bank of Danbury temporarily closes banking office lobbies
March 27, 2020
Danbury, CT Savings Bank of Danbury will temporarily close its banking office lobbies effective Wednesday, March 18, as a result of ongoing concerns throughout the region and beyond about the potential community spread of COVID-19.
The Bulfinch Companies, Inc. sign 28,779 s/f in leases at 117 Kendrick
March 27, 2020
Needham, MA The Bulfinch Companies, Inc. (Bulfinch) has fully leased 117 Kendrick St. Workbar and Waterstone Properties are both set to join the list of tenants at the building. The leases total 28,779 s/f.
Girolamo of Horvath & Tremblay broker $2.56 million in two sales
March 27, 2020
Beverly, MA Stephen Girolamo of Horvath & Tremblay has completed the sales of two local apartment buildings, totaling 12 units. 43-45 Roundy St. closed for $1.435 million, as well as 32 Dane St., which sold for $1.125 million.
Jewett Construction hires Cambridge as vice president
March 27, 2020
Raymond, NH Jewett Construction has added Myles Cambridge to its operations team, as the vice president of N.H. operations. He will ensure that each project is exceptional and results in the highest level
SJC upholds dismissal of zoning appeal for lack of standing
March 27, 2020
The threshold question in many land use appeals is whether the appealing party has standing to object to the action of the local Building Inspector or Zoning Board. In an unusual step on March 6, the Massachusetts Supreme Judicial Court
Disaster relief 1031 deadline extensions - by Patricia Flowers
March 27, 2020
With IRS News Release IR-2020-58, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020 to July 15, 2020.
Vacation and second homes: You may be able to defer 100% of your capital gains tax - by Robert Charl...
March 27, 2020
Do you have a second home or vacation home that you are thinking of selling? Did you know that you may be able to defer 100% of your capital gains tax from the sale of the property? IRC §1031 allows you to sell qualified use property, property
The great real estate tax break: Combining a like kind exchange and the principal residence exclusio...
March 27, 2020
An exchange may qualify under Internal Revenue Code 1031 (I.R.C. § 1031) when the taxpayer’s property is partially a personal residence and partially qualifying investment or business property under I.R.C. § 1031. This is sometimes called “mixed use” property.
1031 Exchanges amid coronavirus: Will taxpayers be able to extend their deadlines for identifying an...
March 27, 2020
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 any capital gains taxes if the property owner sells such property, identifies
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