K&G Associates sells Pelham Place in $8.62 million 1031 exchange
James Yannios, broker of Yannios Real Estate Investment services, completed a 1031 exchange involving 111 apartments, totaling $8.62 million.
K&G Associates represented by Yannios R.E. in the sale of Pelham Place apartments which consisted of 72 apartments located at 134-138 Pelham St. Yannios also procured the purchaser. The purchaser was exchanging a 39 unit apartment building at 87-90 Winthrop Shore Dr. that Yannios represented in the sale and also procured the purchaser.
Permanent financing for the aquisition of the Methuen and Winthrop properties was obtained from the Washington Mutual multi-family lending division, represented by Jeremy Devich.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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