News:
Owners Developers & Managers
Posted: July 29, 2022
Pierce and Goostray of Marcus & Millichap broker $5.76 million sale
Worcester, MA Marcus & Millichap completed the sale of Pond View Apartments, a 32-unit apartment property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $5.76 million.
Matthew Pierce and Brendan Goostray, investment specialists in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The team also secured the buyer, a limited liability company.
Pierce said, “Pond View is a rare to market asset for Worcester that the seller’s owned since the early 90’s. Given the time in the market and through our network of qualified buyers, we were able to bring a direct cash offer with a well-versed buyer and accomplish a mutual transaction that both parties were excited about while achieving a full price offer at record pricing per unit.”
MORE FROM Owners Developers & Managers
Routine Properties acquires Bristol Business Park at 383 Middle St. - 406,665 s/f industrial campus
Bristol, CT Routine Properties, a boutique real estate development and investment firm specializing in industrial assets throughout the Northeast, has acquired the Bristol Business Park, a 406,665 s/f industrial campus located at 383 Middle St.
.png)
Quick Hits
 (1).png)
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
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,
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
 (1).png)