News: Front Section
Posted: January 8, 2021
O’Brien and Stepien of Greater Boston Commercial Properties broker building sale
Townsend, MA Bret O’Brien and Mitchell Stepien of Greater Boston Commercial Properties, Inc. (GBCP) represented the seller of 35 Scales Ln. The 39,000 s/f building was bought by Regional Home Care, Inc., which specializes in sleep therapy equipment. The sale price, which was not formally disclose, is more than three and half times the $650,000 the seller, Triple M Movers, paid for the property when GBCP’s represented it in the purchase seven years ago. With the guidance of the O’Brien-Stepien team the seller cashed out in what many believe to be the peak of the market. Although not to the scale of the Lowell Wang Towers flip of the 1990s, GBCP has demonstrated its ability to guide its clients to exceptional opportunities in the Massachusetts’s market.
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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
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.
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,
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.