Press and Walker of Press/Cuozzo arrange $314,500 office building sale
Stephen Press, SIOR, co-principal of Press/Cuozzo Commercial Services, and Kevin Walker, Press/Cuozzo Commercial Advisor, represented the seller, Dena Khebl, and the buyer, 2529 Whitney LLC in the sale of 2529 Whitney Ave. The 2,188 s/f, two-story professional office building is set on .17 acres with 10 parking spaces. The building is located on Rte. 10 across from the post office. The property closed at $314,500.
Press/Cuozzo, with offices at 2751 Dixwell Ave., Hamden, has been serving the greater New Haven area since 1990. Press/Cuozzo Realtors is known throughout New Haven County as an innovative and aggressive force successfully marketing all types of properties. Press/Cuozzo provides the services of a commercial/industrial division, residential brokerage, relocation services, and senior real estate services.
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.
>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.
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.
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.
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,