News: Front Section
Posted: December 10, 2021
Glaskin of Coldwell Banker Commercial brokers $9.5 million sale
Boston, MA Coldwell Banker Commercial (CBC) has facilitated the off-market transaction of the former Corey Hill Nursing Home, located at 249 Corey Rd. The transaction was valued at $9.5 million.
Todd Glaskin, a commercial real estate professional with Coldwell Banker Commercial NRT, was the facilitator in the transaction. The buyers, GFC Development and 249 Corey Acquisition LLC, intend to replace the nursing home site with a 34-unit multifamily property and two single family homes.
“The demand for new construction residences has never been greater. After the COVID-19 pandemic shortened building cycle, investors are rediscovering all that the Boston market has to offer, including access to young professionals entering the workforce and empty nesters seeking to downsize,” said Glaskin.
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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
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>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.
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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.
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,