News: Front Section
Posted: August 2, 2024
Ligotti, Redeker and McGranaghan of Boston City Group, Inc. broker $875,000 sale of the Ipswich Clambake property
Ipswich, MA A well-known North Shore restaurant and the longtime home of the Ipswich Clambake was sold for $875,000 on July 8th.
Caroline Ligotti, Linda Redeker and Emily McGranaghan of Boston City Group, Inc. at Coldwell Banker Commercial represented the seller.
The building was the longtime home of the iconic and celebrated Ipswich Clambake restaurant which also ran an established catering operation from the building. Situated at a site with 92’ of direct Rte. 1A frontage, 196 High St. is a 4,044 s/f free-standing two-story retail building on a 1.5-acre lot. The sale included real estate, trade equipment, fixtures, supplies and a fleet of vehicles for transport.
Boston City Group, Inc. at Coldwell Banker Commercial, specializes in sourcing and brokering commercial retail, multi-family investments, office, industrial and urban development opportunities throughout Greater Boston and the New England, New York and Washington DC metro areas.
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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