News: Owners Developers & Managers

EXIT Realty's Resnick negotiates $2.8m sale for Sorella Sisters to Fiorillo Family

Sam Resnick, president of EXIT Realty Associates has completed the $2.8 million, 23-unit sale of 25 Pond St. The property is a freestanding brick building comprised of 23 one-bedroom units, all of which are 660 s/f. The property was a hot commodity from the time it went on the market, generating interest from buyers and investors. "I was quite surprised at the amount of activity the building generated and how it quickly went under agreement within 7 days of being listed." Resnick said, "At $123,900 per unit, this was a "win-win" price for both the buyer and the seller. Sam Resnick exclusively represented the seller, Sorella Sisters L.L.C., and Daryl Ricci of Vanguard Properties represented the buyer, Fiorillo Family Trust. The building was advertised in the Jan. 18th New England Real Estate Journal as the Property of the Week and with Karen Dowell's assistance EXIT Realty was able to sell 25 Pond St. Click here to view our ad
MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Revitalized Town Centers:  Retail??? - by Carol Todreas

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
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

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

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

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