News: Front Section
Posted: February 26, 2021
Kelleher, Pentore & McCarthy of Horvath & Tremblay handle $3.025 million sale
South Boston, MA Dennis Kelleher, John Pentore and Mike McCarthy of Horvath & Tremblay have completed the sale of a four-unit mixed-use building. The investment property sold for $3.025 million, closing at $756,250 per unit and a 5.4% cap rate.
564 East Broadway, constructed in 1910, is a desirable, mid-rise building containing one office unit at street-level and three residential units consisting of three four-bedroom/one-bathroom units. The property is fully stabilized and since acquisition in 2017 has undergone extensive renovations, including new kitchens and bathrooms in units three and four with modern amenities, new heating systems in all units as well as central air in the fully remodeled office space, upgraded electrical service and hardwood floors throughout.
564 East Broadway is situated in an urban infill location on one of the main streets in the neighborhood.
The East and West sides of Broadway offer countless amenities, with endless dining, retail, and nightlife options, and an MBTA bus stop right in front of the property. The location offers access to Boston’s best areas, including the Seaport District, Downtown Boston, Back Bay, the North End, and the South End.
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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.
Columns and Thought Leadership
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,
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in