Category: Front Section
Investing in a falling rate environment - by Harrison Klein
November 1, 2024
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.
Mott & Chace Sotheby’s International Realty brokers $6.5 million sale in Little Compton, RI
November 1, 2024
Little Compton, RI Mott & Chace Sotheby’s International Realty completed the sale of 21 Atlantic Dr., for $6.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace Sotheby’s International Realty.
Bulfinch signs long-term lease with TIAA at 95 Mount Auburn St.
November 1, 2024
Cambridge, MA An affiliate of The Bulfinch Companies, Inc. (Bulfinch), a commercial real estate and investment firm, has signed a long-term lease extension with TIAA, The Teachers Insurance and Annuity Association of American-College Retirement Equities Fund at 95 Mount Auburn St.
Hovey joins JLL’s Capital Markets Investment Sales and Advisory team
November 1, 2024
Boston, MA JLL Capital Markets has hired Tom Hovey as director, joining the JLL Northeast Industrial Capital Markets Investment Sales and Advisory team.
Azora Exan acquires 149 Newbury St. from L3 Capital for $101 million
November 1, 2024
Boston, MA An affiliate of Miami-based Azora Exan has acquired 149 Newbury St. from the property’s developer, Chicago-based L3 Capital. The property sold for $101 million according to public record. The per s/f price of $2,321 for the five-story mixed-use property
Kelleher and Pentore of Horvath & Tremblay broker $4.1 million sale
November 1, 2024
Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of a six-unit property. The desirable asset sold for $4,100,000 which represents a 5.58% Cap Rate and $683,333 per unit. Kelleher and Pentroe represented the seller, The Mount Vernon Company, in the transaction.
Skanska Integrated Solutions working as program manager for construction of Williams College Museum ...
November 1, 2024
Williamstown, MA According to Skanska, a leading global construction and development firm, its program management and consulting group, Skanska Integrated Solutions (SIS), is serving as the program manager for the construction of the Williams College Museum of Art. Situated on a 6.75-acre site, the new museum will be 76,800 s/f
CREW Boston and AREPA host Cocktails and Conversations: women leading the way in commercial real est...
October 25, 2024
Boston, MA CREW Boston (Commercial Real Estate Women) and the Asian Real Estate Professional Association (AREPA) hosted “Cocktails & Conversations: Women Leading the Way in Commercial Real Estate
Sullivan & Sullivan brings 31.8 acres to auction November 7
October 18, 2024
East Bridgewater, MA Sullivan & Sullivan Auctioneers announced today that the firm will bring 31.8 acres of town land along Central St. to auction on behalf of the town. This public auction will consist of four separate offerings. The first is 31.8 acres industrial zone w/overlay 55+ district.
O’Brien Commercial Properties leases 8,892 s/f
October 25, 2024
Chelmsford, MA O’Brien Commercial Properties leased 6,392 s/f of medical space at 321 Billerica Rd. Senior associate, Rob McGarry, represented the landlord, Vanderbilt Norwood LLC, and procured the tenant, Clover Behavioral Health.
CBRE arranges sale of 250-unit Quinn35 Apartments in Shrewsbury, MA
October 25, 2024
Shrewsbury, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of Quinn35, a 250-unit, class A apartment community for an undisclosed price.
Cummings Properties signs Lithios to 8,000 s/f lease at 196 Boston Ave.
October 25, 2024
Medford, MA Cleantech company Lithios has graduated from an incubator lab at MIT’s “The Engine,” in Cambridge, to 8,000 s/f of dedicated space. The firm’s new headquarters, situated within Cummings Properties’ 196 Boston Ave. innovation campus, will house its administrative and research and development functions.
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