Newton, MA The New England Real Estate Journal (NEREJ) will host the Multi-Family & Property Management Summit on January 31st at Boston Marriott Newton, 2345 Commonwealth Ave. from 8 a.m. – 12 noon. To attend please register at: http://www.multifamilypm.eventbrite.com Early bird tickets ordered before January 27th cost $89. After January 27th, tickets cost $129.
In 2018 we were supposed to see an economic slow down. It never happened. With plenty of money available, new construction projects have started, rental rates continue to increase and cap rates are stable. So is 2019 the year we start to see the down turn or do we see the market continue to grow?
Through July, revenue per available room (RevPAR) in the Boston and Cambridge lodging market had experienced its ups and downs but overall had declined 0.6% compared to the same period last year. However, the market gained considerable traction beginning in August, a trend that continued through October.
Marshfield, MA The Conrad Group negotiated an industrial building sale in Enterprise Park. The building, formerly owned and occupied by Gatehouse Media and located at 165 Enterprise Dr., totals 18,000 s/f on 2.72 acres.
Boston, MA Disaster restoration expert, Jake Hart, has been named the general manager of SERVPRO of Boston. His experience in all areas of d...
Whitman, MA Cornerstone Realty Capital arranged $5.8 million in financing for an apartment building. The 3-story property features 45-units, a mix of 15 one-bedroom, one-bathroom units, 12 two-bedroom, one-bathroom units, and 18 two-bedroom, two-bathroom units.
Boston, MA HqO, a tenant experience (TeX) platform for commercial real estate, has hired two new executives: Mark Rosenthal as VP of marketing, sales & success, and Daniel Koh as partner. Both executives bring a unique skill-set with roots in technology, real estate, sales, government, and business operations, as well as a deep understanding of the functions and strategies that will scale the company and its TeX offering.
Bristol, RI Lila Delman Real Estate completed the sale of 345 Thames St., #306 N, a Stone Harbour condominium, for $1.1 million. This transaction marks the highest condo sale in the town in 2018, according to data maintained by the Rhode Island Statewide MLS.
Worcester, MA Marcus & Millichap has completed the sale of 148-152 Millbury St., a 9-unit mixed-use apartment property, according to Tim Thompson, regional manager of the firm’s Boston office. The asset sold for $710,000, 98% of the asking price, at an 8% capitalization rate.
With very few exceptions, any agreement for the purchase or sale of real estate in Massachusetts must be in writing to be enforceable. For decades, real estate agents, developers, sellers and buyers have used preprinted forms titled “offer to purchase” to set forth the essential but initial terms of the deal.
