News: Front Section
Posted: December 20, 2019
The Dartmouth Co. and Converge Ventures handle $7.55 million sale
Allston, MA The Dartmouth Co. completed the sale of 35-43 Braintree St. A team led by Peter Considine and supported by Converge Ventures (CNVRG) multifamily team, exclusively represented the seller to close the transaction at a sale price of $7.55 million or $424 per s/f for the 17,797 s/f single-level industrial facility. The buyer was The Mount Vernon Co.
The ongoing, multi-phased Boston Landing project .5 miles from the site as well as myriad other multifamily residential developments have reshaped the landscape of the neighborhood. Braintree St. has been identified by the city as an area with great redevelopment potential to support the revitalization of the neighborhood.
The ½ acre parcel is located with visibility to the Mass Pike, proximity to retail activity as well as MBTA train lines.
“As the first developer of new product in the Allston market, we have long viewed Braintree St. as an exciting location and look forward to introducing a unique concept that the market has not seen before” said Bruce Perlay, chairman and founder of The Mount Vernon Co.
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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.
Columns and Thought Leadership
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
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
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.
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.
