 (1).png)
News:
Owners Developers & Managers
Posted: November 18, 2014
King of King & Newton, LLC Commercial Real Estate completes two multi-family sales in Western Massachusetts totaling $4.0875 million
Thomas King, King & Newton, LLC Commercial Real Estate
St. James Apartments - Springfield, MA
Springfield, MA Thomas King, CCIM of King & Newton, LLC Commercial Real Estate, which specializes in apartment sales in Western Mass., sold the St. James Apartments a 24-unit apartment building consisting of one 2-story brick multi-family building for $1.3125 million. The property is located in the eastern section of the city on the Chicopee line with access to 1-90 and 1-91. The Springfield Plaza is located directly across the street. The seller was Jaleo, LLC and the buyer was Vista, LLC.
In addition, King sold the Gramacy Park Apartments a 32-unit apartment building consisting of four 2-story brick multi-family buildings in Agawam, for $2.775 million. The property is located in the western section of Agawam on Rte. 75 with convenient access to I-91 and all shopping areas. It’s one of the highest prices paid per unit for an apartment complex in Western Mass. The seller was GP APTS, LLC and the buyer was Legacy Realty Trust.
MORE FROM Owners Developers & Managers
Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI
Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
Quick Hits
 (1).png)
Columns and Thought Leadership
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan
When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock
A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
New Quonset pier supports small businesses and economic growth - by Steven J. King
Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson
As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.