 (1).png)
News:
Owners Developers & Managers
Posted: April 26, 2019
Kelleher and Pentore of Horvath & Tremblay arrange $6.25m sale
Malden, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of 33 Park St., selling for $6.25 million at a 3.69% cap rate.
33 Park St., a brick apartment building, is a 36-unit asset featuring a mix of studio and one-bedroom apartments on a 6,744 s/f lot. The value-add asset is situated in an urban infill location, less than ¾ mile from the Malden Center Commuter Rail as well as one block from Salem St., which provides various stops for the MBTA Bus service. Also located in close proximity is Malden High School as well as restaurants and shops. The acquisition allows the investor to own a generational asset in one of the stronger markets in the region.
MORE FROM Owners Developers & Managers
The Westin Portland Harborview to host exclusive VIP pop-up with The Woods Maine July 24–26
Portland, ME The Westin Portland Harborview will introduce an exclusive, limited-time pop-up shop with The Woods Maine, taking place July 24–26 in the city’s Arts District. This elevated retail experience brings The Woods Maine, the acclaimed Maine lifestyle brand behind the popular retail shop in Norway, Maine, directly to hotel guests and the local community.
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
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,
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