Aho of O'Brien Commercial Properties, Inc. handles $4.7 million sale
Joel Aho of O'Brien Commercial Properties, Inc. helped sell 44 Bearfoot Rd. to Solomon Pond Crossroads LLC for $4.7 million.
The property consists of a 45,000 s/f office building that was built in 2001. The building was not actively being marketed at the time of the sale, but Aho had learned about its potential availability to be sold in a conversation with the owner, Fred Daley, and helped put the fully leased investment property under agreement.
With the sales of 44 and 100 Bearfoot, an industrial building that sold at the end of April for $1.35 million, Aho has sold over $6 million in real estate on Bearfoot Rd. within a two month period.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,