Boston Business Journal, Oct 10, 2019 By Greg Ryan, Law & Marketing Reporter Newton-based Cherrytree Group LLC is seeking to raise up to $145 million for investments in real estate projects located in so-called Opportunity Zones, including three in Massachusetts. The Opportunity Zones program is part of the federal tax overhaul signed into law [...]
“The timing is right. It’s the right project with the right people. We are bullish on this project. And we are bullish on downtown Springfield.” —Gov. Charlie Baker, from The Republican newspaper One of the fundamental principles behind state and federal historic tax credits is to provide both developers and investors with the financial leverage to re-energize America’s small [...]
BOSTON--(BUSINESS WIRE)--Preservation of a registered historic landmark in Lowell, Massachusetts has begun following completion of pre-development funding for the Lowell Legacy Hotel. The funding was arranged by the Cherrytree Group of Newton, Massachusetts. The five-story building, built between 1896 and 1905, was recently declared eligible to receive Federal tax credits for historic preservation. Syndication [...]
Yahoo Finance, May 15, 2019 BOSTON – Cherrytree Group, LLC, a tax credit advisory firm, is proud to be distinguished as a 2019 People’s Preservation Choice Award winner for restoration work done on The Miller Block in Newton’s Village of Auburndale. The winners were announced at the annual Preservation Massachusetts’ 2019 Preservation Awards held [...]
After purchasing our own historic building at 287 Auburn Street, Newton, Massachusetts in late September of 2017, we were anxious to begin rehabilitation of the building and move into our new home. The task was made more acute as we had already negotiated an exit from our existing lease on June 30, 2018, and we [...]
CBS MarketWatch, Jan 3 2019 Preservation of a registered historic landmark in Lowell, Massachusetts has begun following completion of the pre-development funding for the Lowell Legacy Hotel by Hampton Financial Partners, an affiliate of the Cherrytree Group of Newton, Massachusetts. Due to the historic nature of the five-story building, built between 1896 and 1905, [...]
New York Business Journal, Dec 12, 2018 Cherrytree Group, LLC, has funded $900,000 in pre-development financing to rehabilitate a historically designated former school in Shelbyville, Indiana. Cherrytree completed this financing through its affiliate, Hampton Financial Partners. Using a fund opened earlier this year in response to the U.S. government’s initiative to designate “Opportunity Zones” in [...]
Boston Voyager Magazine, July 24, 2017 Today we’d like to introduce you to Warren Kirshenbaum and Melina Ambrosino. Warren and Melina, let’s start with your story. We’d love to hear how you got started and how the journey has been so far. At 23, I left my family in South Africa and came to [...]
By Warren A. Kirshenbaum April 25, 2017 Background: The tax filing deadline for 2016 has passed, and with it any opportunity to minimize tax obligations for 2016, but now is the time when businesses and their principals should begin to consider – and to plan for – their 2017 tax liabilities. We encourage our [...]
Renewable Now Magazine, April 5, 2017 By Warren Kirshenbaum Most real estate developers contemplating projects involving the creation of renewable energy are aware of the unique upside available to them in the form of tax credits from Federal or state government agencies. A typical problem, however, is that few developers are in the position [...]
