News:
Owners Developers & Managers
Posted: June 24, 2009
Cawley and Braun of United Multi Family broker $850,000 sale
United Multi Family (UMF) brokered the sale of a 12 unit apartment building at 10 Cross St., for $850,000 ($70,833 per unit).
The transaction was handled by Richard Cawley and Jason Braun of the New England office of UMF.
The residences were built in 1979 and sold by Chris Terranova to Luigi Tracanna. The sale was a cash deal with a closing in less than three weeks from the time of offer. The CAP rate at the time of sale was 9.49% with the property having a gross annual income of $113,400.
UMF is one of the Nations fastest growing RE firms specializing in the sale of multifamily/apartment buildings.
MORE FROM Owners Developers & Managers
M&R Development presents newest housing project, 172-unit Windham Village
Windham ME M&R Development, the multidisciplinary development company behind The Downs in Scarborough, today announces its newest housing project, Windham Village. Located in-town on Tandberg Trail, the 172 units are a combination of 1 and 2- bedroom apartments and condominiums that are for sale and lease.
Quick Hits
 (1).png)
Columns and Thought Leadership
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,
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
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
 (1).png)