Denenberg and Gillette of Denenberg Realty Advisors handle $1.2 million in sales
Robert Gillette of Denenberg Realty Advisors recently sold a 8,704 s/f free standing brick building located at 1676 Dorchester Ave. Julie and Dustin Thai purchased the property for $700,000. Jonathan Lam of Town Hall Realty represented the buyer.
Gillette said, "This building has great bones and is a perfect fit for the new owner. I recently joined Denenberg Realty Advisors and we are seeing the market pick up and I am eager to help my new clients find properties that fit their buying criteria."
In addition Neil Denenberg of Denenberg Realty recently sold a mixed-use retail and office building in Franklin, Mass. The property is located at 7-13 East Central St. Maribeth Perry purchased the 3,494 s/f property for $555,000. Faramarz Khedmaty of Metro Business Brokers represented the buyer.
Denenberg said, "Income properties are great to add to your real estate portfolio. They will increase in value while you are still receiving monthly income and reducing your mortgage balance. I have many buyers looking for mixed use properties and see the market opening up. This is a great time to buy or sell income properties with interest rates at a record low."
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