News: Front Section
Posted: June 1, 2018
Creahan of United Multi Family brokers $2.88m apt. building sale
Lawrence, MA United Multi Family (UMF) brokered the sale of a 32 unit apartment building at 149-161 Berkeley St. for $2.88 million ($90,000 per unit). Jack Creahan of UMF handled the sale.
The properties were sold by Charette Realty LLC to BEMA Properties LLC with financing provided by Metro Credit Union.
The property is comprised of three 3-story buildings with 25 two-bedroom and 7 one-bedroom apartments totaling 22,520 s/f. Situated on a 1.31 acre site, there is plenty of off street parking spaces. The CAP rate at the time of sale was 7.75% with the property having a gross annual income of $358,740.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
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 Journal presents
the First Annual Project of the Year Award! Vote today!
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!
Investing in a falling rate environment - by Harrison Klein
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The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
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