With the 2020 election drawing near, the real estate community is beginning to evaluate the two contenders for the White House. But many analyses lose sight of democratic issues as they focus exclusively on dollars-and-cents concerns.
A Brookline developer has sold a 13-unit multifamily portfolio in Brighton for $6 million to reinvest in acquisitions in other submarkets.
Brookline-based City Realty has acquired an apartment building in Allston for $2.6 million next to its recently-approved $127 million Allston Square development.
Tom St. Jean has spent almost 18 years focusing on a single section of the tax code: Section 1031. The code allows taxpayers who sell investment and other types of property to defer capital gains by reinvesting in real estate – as long as they follow all the rules.
A 86,484-square-foot office property in Boston’s Leather District near South Station has been sold to a real estate investment firm for $68.5 million.
Chatham Light Realty Corp. has sold 15 Story St., a 4,618-square-foot office building near Harvard Square in Cambridge, for $3.25 million and used the proceeds to acquire the Lynn Hospital Medical Building Trust at 225 Boston St. in Lynn as part of a 1031 Exchange.