News: Front Section
Posted: February 12, 2021
Nohrden of Burgess Props. brokers $5.285m in sales
Malden, MA Burgess Properties, LLC has brokered the sale of 185 Commercial St. in Malden and 975 Reed Rd. in North Dartmouth for $5.285 million with Greg Cahill of Black Oak Property Advisors. Steve Nohrden of Burgess Properties, and Cahill were the sole brokers.
185 Commercial St. had been formerly leased to SRS Distribution and 975 Reed Rd. is currently leased to SRS. 185 Commercial St. is a premier, last mile area location with access to MBTA Orange Line, Rte. 16, and I-93. The property offered the buyer, Wakefield, MA-based NorthBridge Partners, immediate ability to add value.
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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
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
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>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.
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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 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.
