Sweeney of Sweeney Real Estate completes two sales totaling $1.185 million
Tricom Properties, LLC sold 850 Broadway in East Providence to 850 Broadway, LLC for $785,000. The property is a 9,466 s/f apartment building with 14 units on 20,041 s/f of land. Thomas Sweeney SIOR, of Sweeney Real Estate & Appraisal was the exclusive broker on this transaction.
Two Thirty Six Associates sold 236 Chapman St. to 236 Chapman Street, LLC for $400,000. The property is a 9,273 s/f building that contains both office and industrial space on 20,160 s/f of land located in the Manucenter Medical District. Sweeney was the exclusive broker on this transaction.
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 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!
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 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