News: Front Section

Cushman & Wakefield arranges $25.45 million sale
of Hillside Residences

Quincy, MA Cushman & Wakefield has arranged the sale of Hillside Residences, a 60-unit, luxury class A multifamily building located at 23 Bridge St. The final sale price was $25.45 million.

Cushman & Wakefield’s Chris Sower, Bruce Lusa, John Flaherty, Jon Bryant, Kevin Jones, Julie Regan and Mary VanNatta represented the seller, Boston Property Development. The property was acquired by Comar Real Estate Trust.

“Hillside Residences is a fantastic addition to Comar Real Estate Trust’s portfolio,” said Sower. “Quincy’s vibrant atmosphere and its growing appeal as a residential market make this transaction very exciting.”

Hillside Residences consists of a mix of studio, one-bedroom, two-bedroom and four-bedroom units with balconies featured in select units. The property boasts market-leading amenities in both the common areas and within the individual units, including a fitness center, a roof deck with views of the Boston skyline, spacious community areas, under-building garage parking and well-appointed unit interiors.

Hillside Residences is located half a mile from the Quincy Center MBTA station, providing residents with access to downtown Boston via the MBTA Red Line subway and Commuter Rail. The property is also located near the area’s major roadways including I-93, Rtes. 128/I-95 and Rte. 3, which provides the location access to all points of the Greater Boston area and beyond.

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
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.

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.
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.
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: