News: Front Section
Posted: March 15, 2024
Pouladians of North Shore Realty Advisors Inc. complete sale of 55 Broad Street apartments for $4.2 million
Lynn, MA North Shore Realty Advisors Inc. has compelted the sale of 55 Broad Street Apartments. This particular property has not been available for sale since 1975 where the client purchased the property directly from the developer. This brick garden style was built in 1974 with a total gross s/f of 15,393 and rentable s/f of 14,226. 55 Broad Street is situated on a tree lined corner lot of .36 acres (15,582 s/f) The property is unit-mix, which consists of one (1) studio, eleven (11) one-bedroom units, and six (6) two-bedroom units. The asset also featured 20 off-street surface parking and laundry facility onsite.
Dan and Sara Pouladian navigated through a “Call for Offers” process with multiple offers and two rounds of negotiations for this rare offering. North Shore Realty Advisors, Inc represented the seller and procured the buyer through a private client network.
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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