Recent Commercial Transactions, Boston Market

RECENT TRANSACTIONS: JULY 30

by Sean McFadden

Microsoft has signed a lease for 113,000 square feet of office space at One Cambridge Center in Cambridge. The space on six floors is part of the expansion of Microsoft’s New England Research & Development Center in Kendall Square. Occupancy is scheduled for late summer 2010. The owner and developer of Cambridge Center is Boston Properties Inc. 

NH Governor Lynch Signs 1031 Exchange Tax Fix

This is great news for the commercial investor community, specifically the single person LLC...  bf

Lynch signs 1031 exchange fix

As seen in New Hampshire Business Review

About 30 investors, assessed by the state Department of Revenue Administration for owing a total of $5 million in back taxes on various investments, are off the hook, thanks to a bill signed into law July 8 by Gov. John Lynch.

The bill retroactively allows investors to engage in real estate exchanges permitted by federal law without paying capital gains taxes.