News: Front Section
Posted: October 25, 2019
TRB Realty brokers sale and transfer of Stadium Portfolio
Allston, MA Exclusively on behalf of Stadium Auto Body and Shodis Realty Trust, in a portfolio sale transaction that closed in October 2016, TRB Realty negotiated on behalf of ownership a 50-50 joint venture transaction with Mugar Enterprises, which resulted in the successful sale and transfer of the Stadium Portfolio on Western Ave. to Western Avenue Joint Venture LLC, for a proposed redevelopment anticipated to be anchored by the construction of 539,400
TRB Realty
s/f of office and research and development uses. These uses will be designed to accommodate research companies in the biotechnology and life sciences industry. The project is also anticipated to include 21,100 s/f of ground floor retail uses, 40 residential units, and 1,900 s/f of civic space.
Thomas Blakely, CCIM, president of TRB Realty was the exclusive listing agent and sole broker in the portfolio sale transaction.
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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.
Quick Hits
Columns and Thought Leadership
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>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.
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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
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
