News: Front Section
Posted: August 29, 2024
Grove Property Group sells 10-28
Centennial Place for $6.575 million
.png)
Framingham, MA The multifamily team at Grove Property Group, consisting of Ryan Quinn, John Federico, and Harry Verenis, successfully brokered the sale of 10-28 Centennial Place, a 26,400 s/f, 22-unit multifamily property, for $6.575 million. The property was owned by a Waltham-based LLC. The buyer was represented by Ron Ifrah from Longwood Residential.
This property, featuring ample parking and a solid rent roll, represents an investment opportunity in a growing community. Grove Property Group is proud to have delivered exceptional results for the seller. Grove Property Group is currently active in both the Boston market and the MetroWest area, specializing in off-market transactions. The firm currently has over $20 million available for sale in off-market transactions in MetroWest, in addition to their extensive off-market portfolio in Boston.
Tags:
Front Section
MORE FROM Front Section
Front Section
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
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.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>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.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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,