 (1).png)
News:
Owners Developers & Managers
Posted: January 17, 2013
Cawley and Braun of United Multi Family broker $16.2 million sale
United Multi Family brokered the sale of the Chadwick Arms Apartments, a 92 unit apartment complex located at 1-15 Lakeview Ave. for $16.2 million ($176,087 per unit). Richard Cawley and Jason Braun of the New England office handled the sale.
The brick residences were built in 1968 and comprised of 83-two bedroom, 8-one bedroom and 1-studio. The property had a complete renovation back in 1996-98 including new pitched roofs, windows, kitchens, baths, heating systems, common areas including marble foyers.
The property was sold by M.J. Realty Trust II to Albiani Management Realty Trust. Financing was provided by South Shore Savings Bank thru Paul Natalizio and Brett Pagani of Cornerstone Mortgage. The CAP rate at the time of sale was 4.94% with the property having a gross annual income of $1,298,760.
MORE FROM Owners Developers & Managers
Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community
Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units
.png)
Quick Hits
Columns and Thought Leadership
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
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
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
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,