News: Front Section

Simmons of Mott & Chace sells 1 Kettle Close for $1.1 million

Westerly, RI Mott & Chace Sotheby’s International Realty sold 1 Kettle Close for $1.1 milliion. The sellers were represented by Donna Simmons, sales associate of Mott & Chace Sotheby’s International Realty. Simmons also facilitated the sale with the buyers.

According to data available from Rhode Island Statewide Multiple Listing Service, this is the second highest condominium sale in Westerly this year. Agents of Mott & Chace Sotheby’s International Realty have represented clients in the top two condominium sales in Westerly in 2019.

This 55+ Adult Active Community, Winnapaug Cottages was established in 2006 and is a sister community to Champlin Woods, a new development of 40 condominiums. Simmons represents the eight condominiums currently under construction and the final eight units to be constructed in 2020. 

This stand-alone turnkey home features two bedrooms, four- and one-half baths, and a loft with ocean views. “With high ceilings, gourmet kitchen finishes and appliances, hand-scraped Italian oak floors and multi-generational floor plan layout, this was an exciting property to show and sell; I am thrilled for the lucky buyers,” said Simmons.

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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.
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.
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.
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