Keliher R.E. and ERA Group sell investment package for $20.8 million
Douglas Marr of Keliher Real Estate and Michael Carucci of ERA Group Boston have sold an investment package to Urban Meritage for $20,816,864.
The package included 11,500 s/f of retail condominiums on the corner of Dartmouth and Newbury St., located at 144 Newbury St and 265-275 Dartmouth St. in the Back Bay.
The buildings are tenanted by Paparazzi, Madura of Paris home furnishings, Salon Red and Yoshi Sushi.
The package also included 234 and 236 Clarendon St. consisting of a total square footage of 13,500 and 130 Tremont St., a six story retail/office building of over 12,500sf. anchored by Bank of America.
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 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