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Category: Owners Developers & Managers
A failed 1031 exchange may have tax benefits - by Bill Lopriore
January 29, 2021
An IRC section 1031 like-kind exchange started near the end of a tax year (December 31st for many) will often not be completed until the following tax year. The regulations address how to handle incomplete exchanges and cash “boot” received by the taxpayer
JLL brokers $9.5m off-market sale of a 63,000 s/f warehouse facility
January 29, 2021
Woburn, MA JLL completed the sale of 8 Roessler Rd. The firm brokered the deal between buyer and seller. Oliver Street Capital purchased the fully leased 63,000 s/f high-bay warehouse facility for $9.5 million.
Boston Realty Advisors engaged by Boston Harley-Davidson for a sale leaseback of a 114,000 s/f mixed...
January 29, 2021
Revere, MA Boston Realty Advisors (BRA) was exclusively retained by Boston Harley-Davidson to market an offering of three commercial buildings, located side-by-side on the border of Revere and Malden. The properties, situated at 649-655 Squire Rd
Unitex and Dacon have completed Phase 1 transforming a 188,000 s/f manufacturing plant in Lawrence, ...
January 29, 2021
Lawrence, MA Unitex and Dacon Corp. have completed Phase 1 transforming a 188,000 s/f manufacturing plant into an automated healthcare laundry and uniform service facility bringing over 200 jobs to the city. The facility consists of both processing and delivery operations
Ellis Realty Advisors and The Business Exchange broker sale of Lakeside Camp & Conference Center
January 29, 2021
Pittsfield, MA Ellis Realty Advisors and The Business Exchange completed the sale of 195 Cloverdale St., known as Lakeside Camp & Conference Center. The 134 acre lakefront camp consists of 26 buildings and over 58,000 s/f. Colin Moynihan, senior partner at Ellis Realty
Beacon Communities and Mount Vernon Company to redevelop 140 Clarendon - into 210 affordable apts.
January 29, 2021
Boston, MA Beacon Communities and Mount Vernon Company (MVC) have entered into a purchase agreement with the YWCA of Boston for 140 Clarendon St. with the intent of preserving the historic YWCA property. The property will maintain a mix of residential, commercial,
CBRE represented Invesco Real Estate in $28.6 million building sale
January 29, 2021
Taunton, MA CBRE represented Invesco Real Estate in the sale of a 181,900 s/f industrial facility located at 530 John Hancock Rd. The Davis Companies acquired the asset for $28.6 million. The CBRE team comprised of Chris Skeffington,
MANSARD finalizes $2.35m office bldg. sale
January 29, 2021
Reading, MA MANSARD finalized the $2.35 million sale of an 18,000 s/f office property between Carter & Coleman Realty Trust and C&S Capital Properties LLC. MANSARD represented the seller and procured the buyer to complete the transaction.
Colonial Properties completes two sales and two leases in CT
January 29, 2021
Orange, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., the company completed the following transactions: • Fred Messore, senior vice president, was the sole broker in the sale of 19 Atwood Place i
Aho of Aho Properties brokers $1.3 million sale
January 29, 2021
Billerica, MA Joel Aho president of Aho Properties LLC represented the seller, 221 Boston Road LLC, in the sale of a 12,472 s/f office/retail/medical building at 221 Boston Rd. for $1.3 million.
Zych joins Callahan Construction Managers as a project executive
January 29, 2021
White Plains, NY According to Callahan Construction Managers, Mark Zych has joined the firm as a project executive. Zych joins their growing New York team and will provide overall direction and supervision of projects, establishing operational priorities and maintaining effective relationships
Mount Vernon and National Development receive approval for WBZ station
January 22, 2021
Allston, MA The Mount Vernon Company and National Development obtained BPDA Board approval for its planned replacement of the WBZ-TV studio which was originally built in 1948. The new 62,000 s/f building will be located adjacent to
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