 (1).png)
News:
Owners Developers & Managers
Posted: January 22, 2009
Cushman & Wakefield complete flurry of sales
Cushman & Wakefield of Mass. released details concerning a flurry of commercial real estate deals that closed, a spate of good news in this market.
The real estate brokerage said Riverside Management has sold a three-property portfolio to Omni America LLC, an affiliate of Omni New York LLC, for $44 million. The three properties consist of 414 apartments in Lawrence and Boston.
In a separate transaction, another portfolio, named by the selling broker as the "Charles River" portfolio was sold to Longfellow Apartments LLC for $6.9 million. The portfolio consists of 38 apartments in 11 buildings. The properties are located within a mile of each other.
Cushman & Wakefield of Mass. Inc. represented the parties in both sales.
MORE FROM Owners Developers & Managers
How property reserves work in a Delaware Statutory Trust (DST) - A practical comparison to direct real estate ownership - by Dwight Kay
This article explains why Delaware Statutory Trust (DST) investors may report taxable income that exceeds their actual cash distributions – a concept that mirrors decades of standard practice in direct commercial real estate ownership.
Quick Hits
 (1).png)
Columns and Thought Leadership
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
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
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
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
August Promotion
