Commercial real estate purchase opportunities appear promising

Research shows that the industry for commercial properties throughout the United States, including in Massachusetts, is skyrocketing. This means that the industry is keeping up with the currently growing economy. As a result, more investors may be interested in going through the real estate purchase process in the near future.

A recent...

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Real estate purchase involving older property may not be ideal

In Massachusetts and other areas of the United States, older commercial properties have essentially become magnets to investors and tenants. A major reason for this is that these properties are often viewed as having more character than their more modern counterparts. However, before moving forward with a real estate purchase involving...

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Estate planning for real estate purchase in another state

If you are like many other people in Massachusetts, chances are that you have given more attention to planning an upcoming vacation than to planning your estate. However, estate planning is especially critical if you have completed a residential or commercial real estate purchase in another state outside of Massachusetts. Setting up...
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Various factors affect real estate purchase decisions

The commercial property industry throughout the United States, including in Massachusetts, is constantly changing due to the various factors impacting it. Some of these changes pose challenges to those interested in making a real estate purchase, but others present promising opportunities. Here is a glimpse at some of the issues...

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What is eminent domain?

Whether new construction or part of an expansion, at times; public infrastructure projects like those related to highways, bridges and airports may infringe on the rights of private landowners. Via a process known as eminent domain, the government is allowed to legally take a private home or land parcel for public use. For a...

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The legal basics of a construction defect claim: part I

From building materials to the actual construction of a structure, to ensure projects are completed on-time and on-budget, residential and commercial developers must rely upon numerous suppliers, contractors and builders. Unfortunately, despite a developer's best intentions, there are times when one or more of the parties that are involved in the building and construction...

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Ownership, cleanup and development of Crow Hill property still uncertain: Part II

In a recent blog post, we began discussing the long-standing legal dispute between the city of Worcester and Green Landscapes, LLC over a 15-acre Crow Hill parcel of land. While the two sides have been litigating in court for years over the cleanup, development and ownership of a 4.3-acre portion of the undeveloped property;...

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Ownership, cleanup and development of Crow Hill property still uncertain

Worcester residents are likely familiar with the legal battle that has been waged for years between the city and the owners of 15 acres of undeveloped property at Crow Hill. While the area is zoned for the development of single-family residential units, such development is unlikely anytime soon as it's still unclear who actually...

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Advice on how to make the divorce process easier

Even in cases where an individual wants and files first for a divorce, the actual process is never quick or easy. There are, however, behaviors in which divorcing spouses may engage that make an already difficult situation that much more unpleasant. While many individuals enter the process pledging to rise above the divorce acrimony...

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Funding an important part of commercial real estate development

When most people start a new commercial business, they try to get it up and running a quickly as possible.  Unfortunately, this is often easier said than done. The owners of a coffee shop slated to open in Worcester, Massachusetts, know this all too well. Though under the right circumstances one of the co-owners...

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