News: Front Section
Posted: July 1, 2022
Nordlund Associates handle 9,000 s/f sale
Newburyport, MA Nordlund Associates completed the sale of six industrial condominium units at 18 Henry Graf Rd. The 9,000 s/f was occupied by Whitcraft Aerospace at the time of sale and was purchased by the buyer 18 Graf LLC represented by Kevin Olson, of Nordlund. Anthony Triglione, of Nordlund represented the seller, Airpark Realty Trust.
“We engaged Anthony Triglione, of Nordlund, because of his confidence that industrial properties of this size and type would be attractive to investors given the limited supply of similar properties and other favorable market current market conditions such as low interest rates. Fortunately, the advice was accurate as multiple offers were procured quickly and the transaction proceeded smoothly to a successful closing”.
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.
Quick Hits
Columns and Thought Leadership
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,
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
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.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>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.