In with the Internet, out with the stores? To be or not to be, physical stores are in question. Or in other words, in a post-COVID era, how will consumers behave? Have we now adapted completely to online shopping that it will be the default behavior or will there be a return to pre-COVID days where people mingle together with friends and family in physical stores to enjoy an old fashioned shopping experience? And, if so, where?
Wareham, MA Newman Properties’ affiliate South Shore Apartments, LLC, has purchased a portfolio of seven buildings in Onset and Wareham. The total price for the package was $8.282 million. Financing was done through Norwood Bank. The portfolio consists of a total of 70 units, of the 70 units 58 are apartments that consist of a mix of studios, one-bedrooms, two-bedrooms, and one three-bedroom apartment. The other 12 units consist of commercial and office suites.
Waltham, MA Marcus & Millichap completed the sale of two apartment buildings for a total of $5.125 million. 30A Amory Rd., an 11 unit apartment building sold for $2.8 million while 266-274 River St., a 10 unit apartment building sold for $2.325 million. Evan Griffith,
On September 1
st, 2020, the Centers for Disease Control and Prevention (CDC) issued an Order under the Public Health Service Act Section 361 to temporarily halt residential evictions nationwide through December 31
st, 2020, to prevent the further spread of COVID-19. Under the order, a landlord, residential property owner, or other person with a legal right to pursue eviction action, cannot evict any tenant, lessee, or resident of a residential property from the property.
Salem, MA Sean Riley, president and CEO of Maine Course Hospitality Group was on hand for the opening of the new 113 room Hampton by Hilton in downtown, on the corner of Dodge Ct. and Washington Ave. The project includes a 7,000 s/f restaurant/retail space and 56 apartments adjacent to the hotel.
Middletown, RI Hogan Associates completed the sale of 296 Tuckerman Ave. for $3.75 million. It was the town’s second highest sale of the year. Barbara O’Reilly of Hogan Associates represented the buyers who searched for three years before finding the perfect place. The airy, open, 4,700 s/f home includes five bedrooms and six and one half baths.
East Boston, MA Marcus & Millichap completed the sale of 88-90 Bremen St. and 256-260 Bremen St., a 15 unit apartment building portfolio. The asset sold for $5.41 million. Evan Griffith, first vice president investments, and Tony Pepdjonovic, first vice president investments,
Beverly, MA Stephen Girolamo of Horvath & Tremblay has completed the sale of a 24-unit apartment complex. Girolamo facilitated the transaction at a sale price of $6.5 million and $270,833 per unit. 614 Cabot St., constructed in 1968, is a brick apartment complex
Newington, NH Cushman & Wakefield has arranged a 50,000 s/f long-term lease at 90 Arboretum Dr., New England’s first mass timber commercial office building. The Cushman & Wakefield team of Denis Dancoes, Thomas Farrelly, and Sue Ann Johnson
Hingham, MA A.W. Perry is mourning the loss of their friend and president, Richard Beal. Rich passed away suddenly on Monday, September 21, and they are heartbroken by the untimely passing of their beloved colleague. Rich was first and foremost a dedicated father and husband, and he was also an exceptional leader to the A.W. Perry team and in the Greater Boston real estate and business community
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