News: Front Section
Posted: March 20, 2008
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.
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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
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