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Category: Finance
Five reasons to use a section 1031 exchange - by Lynne Bagby
September 13, 2024
Section 1031 tax-deferred exchanges continue to be a popular tax-deferral strategy for business owners and taxpayers not only throughout the New England states, but nationally for those who want to accomplish a wide range of business and/or investment objectives including some of the following:
Planning for retirement with a 1031 Exchange - by Brendan Greene
September 13, 2024
Thinking of selling a commercial property, a multifamily or other investment property and buying a retirement home or a second home in the mountains or where the weather is warmer? With a little 1031 tax-deferred planning, you could be retiring to a home in a destination of your choice by deferring and/or excluding all or most of your capital gains taxes.
MassDevelopment issues $5.928m tax-exempt bond on behalf of Walnut Street Center, Inc.
August 16, 2024
Bedford, MA MassDevelopment has issued a $5.928 million tax-exempt bond on behalf of Walnut Street Center, Inc. and its affiliate Community Alternative Residential Environments, Inc. The organizations will use bond proceeds to buy and renovate 4-6 Alfred Circle, a 17,500 s/f building
Cronheim Mortgage secures $5.5 million permanent financing for Fairfield Shopping Center
August 16, 2024
Fairfield, CT Cronheim Mortgage has secured $5.5 million for the refinancing of the Fairfield Shopping Center, a 72,000 s/f neighborhood retail property. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financing with a portfolio lender on behalf of Albert D. Phelps, Inc.
Cela Development secures $6.34 million in financing from Rockland Trust for construction of a mixed-...
August 16, 2024
Weymouth, MA Cela Development Inc. has secured $6.34 million in financing from Rockland Trust for the construction of a mixed-use property on Bridge St. The property spans three floors totaling 31,000 s/f with the ground level designated for retail space.
JLL Capital Markets secures $27.3 million in financing for a two-building industrial portfolio for N...
August 9, 2024
Hartford, CT JLL Capital Markets has secured $27.3 million in financing for a two-building industrial portfolio spanning over 315,000 s/f in Central Mass. and Greater Hartford, Conn.
Tropp of Eastern Union arranges $13.297 million financing for ground-up construction of a self-stora...
August 9, 2024
Worcester, MA Marc Tropp, a senior managing director with Eastern Union, has secured $13.297 million in financing toward the ground-up construction of a four-story, 931-unit, self-storage facility at 80 Barber Ave.
Staiti promoted to senior vice president, regional executive for commercial banking at Rockland Trus...
August 9, 2024
Worcester, MA According to Rockland Trust, Peter Staiti has been promoted to the position of senior vice president, regional executive for commercial banking. In this new role, Staiti will be responsible for leading and managing a team of experienced commercial banking professionals across Worcester County and Central Massachusetts.
2024 mid-year residential musings - by William Pastuszek
August 9, 2024
Halfway through the year, dealing with high mortgage rates, thin inventories, and unsatisfying amount of sales data, make understanding residential markets as challenging as ever. Let’s take a mid-summer step back and take a look at the state of markets. Following is a discussion of residential market issues.
Life estates and an approach to valuation in 2024 - by Marc Nadeau
August 9, 2024
Inherent in the fee simple ownership of real estate is something that is commonly referred to as the “Bundle of Rights.” The Bundle of rights is in effect the exclusive right, use and disposition of the property that belong to the property owner.
It’s a confusing real estate world: Don’t you think? - by Daniel Calano
August 9, 2024
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
The Village Bank awards 18 scholarships to Class of 2024 students
August 9, 2024
Newton, MA According to Joseph A. De Vito, president and CEO of The Village Bank, the Auburndale Community Charitable Foundation has awarded scholarships totaling $52,000 to 18 local students.
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