 (1).png)
News:
Owners Developers & Managers
Posted: July 7, 2009
Cawley and Braun of United Multi Family broker $1.39 million sale of 21 units
United Multi Family brokered the sale of a 21 unit apartment building at 31 Bowdoin, 30-32 William and 4 North Ashland St, Worcester, MA for $1,39 million ($66,190 per unit). Handled by Richard Cawley and Jason Braun of the New England office, the brick residences were sold by Amacor LLC to 30 Main Street Realty Trust with financing provided by East Boston Savings. The CAP rate at the time of sale was 8.51% with the property having a gross annual income of $198,360. Utilizing the 1031 tax deferred exchange the buyers were able to defer paying capital gains taxes on a recent sale.
MORE FROM Owners Developers & Managers
Greystar celebrates opening of two new residence halls at Merrimack College
North Andover, MA Greystar and Merrimack College celebrated the opening of two new residence halls, Shawsheen and Essex. The two-building, modern student housing development is located at the intersection of Rte. 114 and Andover St. Designed
 (1).png)
Columns and Thought Leadership
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
September Promotion
