News: Front Section

O’Brien and Gatti of Greater Boston Commercial Properties, Inc. broker $2.85 million building sale

Medway, MA Bret O’Brien and Ben Gatti of Greater Boston Commercial Properties, Inc. (GBCP) completed the second sale in four months of the 28,862 s/f industrial building at 4 Marc Rd. The O’Brien-Gatti team represented the seller, 4 Marc Road, LLC, who had just acquired the site for their marijuana cultivation center, and subsequently flipped it for $2.85 million. The buyer, investor David Costa, will benefit from a long-term lease with the marijuana cultivation affiliate of the seller, Neo Solutions, that includes a complete renovation of the property at the tenant’s expense. This single tenant net leased property provides the buyer a cap rate of 10% in year one, with annual rental escalations of 2%. The high cap rate is based on the use and the difficulty in obtaining financing for this type of use, as well as the fact that the tenant had neither finalized its permits or commenced the renovations projects at the time of sale. The tenant secured financed with BayCoast Bank, which is one of two lenders who had expressed interest in financing this investment.

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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.
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Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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

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

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.
It’s time to get creative with closed college campuses - by Christian Koulichkov

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