Category: Spotlight Content

In New England’s fast-paced real estate market, finding suitable replacement property in a 1031 exchange can be very challenging. A reverse exchange is a variation of a parking arrangement transaction which provides an option for investors to take advantage of the current real estate market by acquiring desirable replacement property before closing on the sale of their relinquished property, deferring capital gains taxes.

In 2017, Colby has a $710.7 million endowment, a $200 million, 350,000 s/f athletic facility  under construction, and employs over 900 people. The campus is eloquently perched on Mayflower Hill and in 2016, 11,190 students from all over the world applied for 500 highly-desired spots to spend their freshman year at Colby.

Social media, e-commerce, rapid delivery, innovative technology continue to challenge conventional wisdom industry-wide. Generations X and Y have diverse lifestyles and shopping habits stimulating new concepts with non-uniform spatial needs and shorter leases.

There are many different obstacles that I have encountered over the past 25 years in the commercial real estate business. I think some of the biggest obstacles I have encountered entail time management and learning how to balance my career with my family.

I made a job change in 2007 which turned out not to be the right fit coupled with a real estate cycle that was clearly ending. I needed to make a change but was concerned about the interruption in my career and having a job blip on my resume.

The stock market keeps reaching new highs every day, except for the blip caused by the unexpected series of hurricanes, oil prices are down, housing sales are up with an abundant number of buyers, the malls are short on parking spaces