News: Front Section
Posted: June 12, 2008
Newmark Knight Frank launches retail brokerage div. - hires Pierik to head it
Real estate services firm Newmark Knight Frank has launched a retail brokerage division.
Newmark hired Joe Pierik from Wasserman Real Estate Capital to run the new division. The initial focus of the retail operation will be on downtown Boston, a market that includes Faneuil Hall and the Back Bay neighborhood, which includes the eight-block Newbury St. Newmark Knight Frank also plans to capitalize on growing retail areas such as the Seaport District.
Pierik was previously vice president and director of the Northeast region for Edens & Avant. Pierik was responsible for New England strategic planning, acquisitions, development and redevelopments. His accomplishments during his time at Edens & Avant included the redevelopment efforts of South Bay Center.
"We're excited to be launching this new line of business," said James Thomson, managing principal of NKF.
Tags:
Front Section
MORE FROM Front Section
Front Section
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
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
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,
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.
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.