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News: Front Section
Posted: September 30, 2022
Bongiorni of SR Commercial Realty brokers sale of retail portfolio in downtown Springfield
Springfield, MA Paul Bongiorni of SR Commercial Realty represented the seller of a retail portfolio at 885-887 Sumner Ave. and 9-15 Dorset St. The sale consisted of three buildings: A single-tenant building on Sumner Ave., a multi-tenant plaza on Dorset St., and a small warehouse. The buildings are fully leased to four small businesses and total 4,888 s/f of rentable space. The sale price was $310,000.
The properties are adjacent to a proposed conversion of the abandoned Highland Division Railroad to a public walking and biking trail. The trail would run parallel to Dorset St., crossing through the city’s East Forest Park neighborhood to Springfield College’s campus, and eventually interconnect to a separate trail project in the Mc-
Knight neighborhood. A feasibility study has been completed, and the project is now in the funding and design stages.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
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.
Quick Hits
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov
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
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>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.
