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Category: Owners Developers & Managers
IRC 1031 Exchanges of foreign real estate - by Bill Lopriore
April 12, 2019
Unfortunately, it is not possible to exchange real estate in the United States for real estate located in another country as part of a 1031 exchange. However, you can exchange foreign real estate for foreign real estate.
Collias of Southcoast Auctions completes auction of Adams House
April 12, 2019
Fall River, MA Robert Karam stood silently at the front of the 40 people gathered for the auction of the Adams House. Auctioneer George Collias, MBA of Southcoast Auctions & Realty, Inc. started the bidding at $500,000 and pushed it quickly to $1 million, where it suddenly stalled.
NKF orchestrates $11.35 million sale of 122-130 Marshall Rd. - JACO Realty sells medical building to...
April 12, 2019
Lowell, MA Newmark Knight Frank (NKF) has completed the $11.35 million sale of 122-130 Marshall Rd. to Catalyst Capital, a Los Angeles-based real estate investment and management firm specializing in U.S. government-leased properties.
EZ Maintenance Services LLC, focusing on the hospitality, restaurant and retail industries
April 12, 2019
Boston, MA People of a certain age will recall the Howard Johnson restaurant and motor lodge chain with its iconic orange roofs. By the 1970s it had become the largest restaurant chain in the U.S. with 1,000 locations (’28 flavors’ of ice cream) plus 520 hotels. In 1979, when Howard B. Johnson, son of the founder, sold the motor lodges to Marriott
Vernet Props.’ Apple Tree Shopping Center welcomes Xtreme Craze - Jewett Construction hired as gen...
April 12, 2019
Londonderry, NH Xtreme Craze, a family entertainment center that features one of the largest next-generation, multi-level laser tag arenas, one of the first 10,000 s/f indoor inflatable airparks built for all ages in the United States, and an interactive arcade with fantastic prizes.
Helge Capital’s Lumen Charlestown sold out
April 12, 2019
Charlestown, MA Helge Capital’s latest project, Lumen Charlestown, a condominium development, is sold out. Located at 30 Polk St., Lumen Charlestown features 30 condominiums with garage parking and roof-deck views of Downtown Boston and the historic Bunker Hill Monument.
MassDevelopment issued $4.4 million tax-exempt bond to Cradles to Crayons, Inc.
April 12, 2019
Newton, MA MassDevelopment has issued a $4.4 million tax-exempt bond on behalf of Cradles to Crayons, Inc., a nonprofit that provides children living in homelessness and low-income households with clothing, school supplies, safety equipment, books, and toys.
Cushman & Wakefield hires McCarthy as marketing and communications director and Green as operations ...
April 12, 2019
Boston, MA Cushman & Wakefieldhas hired Shannon McCarthy as marketing and communications director and Karl Green as operations director for the New England region. Both McCarthy and Green will aid in the strategic planning for the continued growth of the firm in these critical functions.
Trinity Financial receives funding for rehab of Worcester Courthouse
April 12, 2019
Worcester, MA Trinity Financial, received Federal and State Low Income Housing Tax Credits and subsidy funds from the Department of Housing and Community Development to help fund its rehabilitation project for the former Worcester County Courthouse into 117 units of affordable, workforce, and market-rate housing.
Lila Delman Real Estate completed $1.02 million sale
April 12, 2019
Newport, RI Lila Delman Real Estate completed the sale of Carrollton House (c. 1850), 11 Clay St., for $1.02 million. Alyce Wright and Courtney van Beuren, Lila Delman sales associates, represented the seller while Alex Thursby, Lila Delman sales associate, represented the buyer.
Aho of Aho Properties sells Stow office building for $950,000
April 12, 2019
Stow, MA Joel Aho, president of Aho Properties, represented the seller, Stow Brook Realty Inc., in the sale of a 12,500 s/f office building located at 636 Great Rd. The property was purchased as an investment property by Koop Realty, LLC.
Keenan joins Cresa Boston as principal
April 12, 2019
Boston, MA According to Cresa, Vicki Keenan has joined the firm as principal. In this role, Keenan will bring her 20 years of experience to bear on behalf of the firm’s occupier clients in Boston, North America, and around the world.
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