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.

Reprint

Next Story Previous Story

NeighborWorks Housing Solutions awarded $20,000 grant from Dedham Savings Foundation

Front Section

O’Brien Commercial Properties handles 10,700 s/f in leases in Marlborough and Lancaster, Mass.

Front Section

Boston Realty Advisors represents Audubon Road Associates in the sale of Shawomet Gardens

Front Section

Investing in a falling rate environment - by Harrison Klein

Front Section

Mott & Chace Sotheby’s International Realty brokers $6.5 million sale in Little Compton, RI

READ ON THE GO

DIGITAL EDITIONS

Browse Now

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Front Section

Boston Realty Advisors represents Audubon Road Associates in the sale of Shawomet Gardens

Northern New England

East Brown Cow and Malone Commercial Brokers lease 1,977 s/f to Warby Parker at 184 Middle St.

Northern New England

Reveler names Pettingill as director of human resources

Northern New England

Peck of Horvath & Tremblay arranges sale of 18-unit multi-family portfolio for $2.65 million

STAY INFORMED FOR $9.99/Mo.

NEREJ PRINT EDITION

Browse Now

STAY CONNECTED

SIGN-UP FOR NEREJ EMAILS

Columns and Thought Leadership

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<br> the First Annual Project of the Year Award! Vote today!

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

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 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