News: Front Section

Butler and St. John of CBRE facilitate $41.76m sale of Oak Row

West Roxbury, MA CBRE has completed the $41.76 million sale of Oak Row apartments, an 80-unit luxury apartment community.

CBRE Capital Markets’ multi-housing experts Simon Butler and Biria St. John exclusively represented the seller, a partnership between EA Fish Development LLC and Luzern Associates LLC, and procured the buyer, National Development.

“We are pleased to have represented EA Fish Development and Luzern Associates in the sale of this asset,” said St. John. “Oak Row is truly an exceptional boutique luxury apartment building in the desirable West Roxbury neighborhood of Boston. Both parties worked tirelessly through some challenging conditions relating to COVID-19 to execute on this transaction.”

Built to LEED Silver specifications, Oak Row’s apartments rival even the city’s newest developments, providing spacious open floorplans, modern finishes, keyless Butterfly entry system and amenities on every floor. The community offers one-, two- and three-bedroom floor plans featuring over 20 different layouts that also include 10 affordable apartments. These newly constructed apartments showcase modern features and finishes, including private patios and balconies, full-size in-home washers and dryers, quartz countertops with tile backsplash, breakfast bars, custom soft-close cabinets, chrome pulls and faucets, USB ports, stainless appliances, gas ranges, bottom freezer refrigerators with French doors, wood-style plank flooring and more.

The amenities are second to none and rival some of the largest luxury complexes in the city. It starts with the lobby, which offers a mix of elements to play up the openness of the community and maximize social interaction. The club room offers a full kitchen, resident lounge area surrounding a gas fireplace and billiards table and opening to an outdoor lounge with grilling area. The 24/7 multi-functional fitness and wellness center hosts smart cardio equipment and a TRX station. On the upper floors, the work lounge is fully equipped with WiFi, a designated conference room and private work pods along with a second outdoor sun deck, third floor adult game room and fourth floor kid’s playroom. The community is pet friendly with a pet wash/grooming station and dog run. Built over a heated garage, there is also additional resident storage and two bike storage/repair station rooms.

 Currently providing residents with package concierge services, the community will soon roll out laundry & dry-cleaning services through Tide.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.