 (1).png)
News:
Owners Developers & Managers
Posted: September 9, 2009
Lamattina of United Multi Family brokers $800,000 apartment building sale
United Multi Family brokered the sale of a 12 unit apartment building at 101 Shawsheen Rd., for $800,000.
According to UMF president, Richard Cawley the sale was handled by David Lamattina of the New England office.
The brick residences were built in 1970 and sold by Wayne Kelley to Eli Simon Realty with financing provided by DCU. The CAP rate at the time of sale was 8.21% with the property having a gross annual income of $113,760.
UMF is one of the nation's fastest growing real estate firms specializing in the sale of multifamily/apartment buildings.
MORE FROM Owners Developers & Managers
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
.png)
Quick Hits
Columns and Thought Leadership
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
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
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,
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