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Category: Owners Developers & Managers
1031 Exchange or Opportunity Fund: Which is the better choice for real estate investors? - by Bressl...
March 29, 2019
Qualified Opportunity Funds (QOF), a tax incentive created under the Tax Reform Act of 2017, is the newest mechanism under the federal tax code to defer capital gains tax. Real estate investors can now choose between a 1031 like-kind exchange and a QOF when seeking to defer the tax on their capital gains.
Eastport Real Estate Services signs 2,250 s/f lease to Erie Construction
March 29, 2019
Waltham, MA Erie Construction of Toledo, Ohio has signed a new lease for 2,250 s/f at 230 Second Ave. Michael Jaffe, vice president at Eastport Real Estate Services, represented the owner, Eastport 230, LLC in the lease transaction and Davie Gilkie of NAI Hunneman represented the tenant.
New England Real Estate Journal hosts 3rd annual Cannabis in CRE Summit
March 29, 2019
Needham, MA Over 250 people braved the cold for the 3rd annual Cannabis Summit by The New England Real Estate Journal at the Sheraton Needham on March 7th.
JLL to acquire HFF in $2 billion deal
March 29, 2019
Boston, MA Jones Lang LaSalle Inc. (JLL) and HFF, Inc. have entered into a definitive agreement under which JLL will acquire all the outstanding shares of HFF in a cash and stock transaction with an equity value of $2 billion. The transaction has been unanimously approved by the boards of directors of both companies.
Gagnon of Colliers International arranges $2.075 million sale
March 29, 2019
Essex, CT MS Investments, LLC has purchased 147 Westbrook Rd. The 9,000 s/f multi-tenant medical building, anchored by Middlesex Hospital Primary Care, was sold as an investment property for $2.075 million.
Calare Properties acquires two buildings totaling 53,600 s/f
March 29, 2019
Woburn, MA Calare Properties (Calare) has acquired an industrial flex portfolio in the Rte. 128 North industrial market. The asset, which is comprised of two buildings totaling 53,600 s/f, is located nine miles northwest of Boston at 64 Industrial Pkwy. and 1 Adele Rd.
Construction Institute to present 10th Annual Visionaries Forum April 11
March 29, 2019
Hartford, CT On April 11th, the Construction Institute of Hartford will present the annual Visionaries Forum, an exploration of cutting-edge issues among a diverse group of thought leaders in the architectural, engineering, construction and facilities operations (A/E/C/O) industries.
Marcum LLP Merges in Guyder Hurley
March 29, 2019
Boston, MA Marcum LLP merged CPA firm Guyder Hurley, P.C. of Braintree, into its city office as of March 1st. The Guyder Hurley team adds 17 associates, including one partner and one managing director, to Marcum’s New England region.
Conrad and McEvoy of The Conrad Group broker $6.925 million sale - 47,000 s/f 1200 Hancock St. in Qu...
March 29, 2019
Quincy, MA The Conrad Group, Inc. has sold 1200 Hancock St. to FoxRock Properties, LLC. The four story, 47,000 s/f office building is centrally located and for decades, it has been a prominent city landmark.
George Comfort & Sons, Inc. signs WWE to a 415,000 s/f lease - JLL’s Saunders, Ageloff, Melichar a...
March 29, 2019
Stamford, CT According to George Comfort & Sons, Inc., WWE has completed a 415,000 s/f lease agreement at 677 Washington Blvd. in downtown. The three-building complex is now 72% leased. The agreement represents a major step forward in restoring the property’s standing as the commercial center of downtown.
SCI expands life sciences division with partnership with STEM
March 29, 2019
Wakefield, MASouth Coast Improvement Company (SCI) has expanded the capabilities of its life sciences division through a partnership with STEM Solutions LLC (STEM). The company specializes in providing casework, systems, fume hoods, fixtures and equipment for commercial and educational laboratories.
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