Marr of Keliher and Carucci of ERA negotiate $20,816,864 investment
Douglas Marr of Keliher Real Estate and Michael Carucci of ERA Group Boston 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.
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 13,500 s/f and 130 Tremont St., a six story retail/office building of over 12,500 s/f anchored by Bank of America.
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.
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.
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.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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