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Paradigm and The Ashforth Co. buy 81,198 s/f for $6.7m Somerville, MA Paradigm Capital Advisors and The Ashforth Co. have bought an 81,198 s/f industrial building for $6.7 million.
The property was acquired through the companies' co-sponsored fund called the APCA Property Fund I. The warehouse and manufacturing facility is on 2.8 acres at 44-48 Third Ave. in Inner Belt Park.
Paradigm Capital represented itself and Jones Lang LaSalle represented the seller, a graphics communications company called Cenveo Corp.
The building was constructed in 1978 and consists of ...
Cawley and Braun of UMF handle apt. building sale for Salto Realty 78 PORTER Rd_opt.jpg Cambridge, MA United Multi Family brokered the sale of a 26 unit apartment building at 78-80 Porter Rd,. for $4.7 million ($180,769 per unit).
Handled by UMF president, Richard Cawley and Jason Braun of the New England office, the brick residences were built in 1906 and sold by Salto Realty Trust to 78-80 Porter Rd., LLC with financing provided by Republic Bank. The CAP rate at the time of sale was 5.11% with the property having a gross annual income of $388,200
EBSB commits $5m to state's Home for the Brave program 3guysVetsMortgage_opt.jpg East Boston, MA East Boston Savings Bank has committed up to $5 million in residential lending for military veterans as part of the Home for the Brave mortgage program, announced July 2nd by gov. Deval Patrick. The ceremony was attended by Dick Gavegnano, chairman and CEO of EBSB, Philip Freehan, executive VP and senior lending officer, and John Tirrusa, VP residential lending.
The Home for the Brave program was developed by MassHousing, in consultation with the Veterans Housing sub-committee of the Governor's ...
Marcus & Millichap's Witten and Nolletti arrange $42.775m sale Waterford Commons-2_opt.jpg Manchester, CT Steve Witten and Victor Nolletti of Marcus & Millichap Real Estate Investment Services have arranged the sale of Waterford Commons, a 303-unit luxury multi-family community for $42.775 million ($141,172 per unit).
Witten and Nolletti, both vice president investments and senior directors of Marcus & Millichap's National Multi Housing Group, represented both the seller and the buyer.
"Waterford Commons offered the new owner nominal risk, long-term financial stability and superior ...
Gotfredson of NAI Hunneman reps landlord in two leases - 3,500 s/f Gotfredson, Christian; _opt.jpg Boston, MA NAI Hunneman has leased 3,500 s/f of office space at 105 Beach St. The new tenants, Truebridge Inc. and High New Worth Inc., both financial services firms, leased 2,500 s/f and 1,000 s/f respectively.
For both transactions Chris Gotfredson, senior vice president of NAI Hunneman, represented the landlord, 105 Beach Street Inc. Truebridge Inc., was represented by Joe Leary of JFL Real Estate Services, and High New Worth Inc., was represented by David Montero of Realmont.
"105 Beach Street is a ...

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