News: Owners Developers & Managers

Christie, McGee and Lieber of NAI Hunneman broker $4 million sale

NAI Hunneman recently brokered the $4 million sale of 39 Bay State Rd., an 11-unit, multifamily property conveniently located in Kenmore Sq. Executive vice president/principal Carl Christie, assisted by sales associates Dan McGee and Henry Lieber, represented the seller 39 Bay State Rd. Real Estate Trust and procured the buyer Mo Mestaykh, LLC. "The building drew heavy interest from the investor community due to its strong location, historical occupancy levels as well as the upside potential," said Christie 39 Bay State Rd. is an 11-unit brownstone apartment building. The building is one of a row of 20 related houses built in the Romanesque Revival Style of the late 1800's. The 5-story building features two apartments on each floor and one unit on the top floor with access to a roof deck, parking, and views. Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 400 offices in 55 countries throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. NAI offices around the world complete 200 million s/f of commercial space.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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