Berman of O,R&L brokers $485,000 sale of former post office
Carl Berman, CCIM of O,R&L Commercial, LLC recently completed the sale of 87 Colony St., the 16,315 s/f former post office, for a sale price of $485,000. Berman represented the seller, the U.S .Postal Service. The buyer, 87 Colony Street LLC, was represented by Dave Melillo of H. Pearce Company.
The property will be completely refurbished as offices for Luchs Consulting Engineering and DeCarlo & Dahl. It is adjacent to a planned intermodal transportation center that will serve the New Haven to Springfield passenger rail service.
O,R&L is a full service real estate firm with three divisions: commercial real estate brokerage, commercial construction, and facility management.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary