Front Section
The Stubblebine Company sells 307 Dorchester
Avenue to Alexandria for $43m
Boston, MA On January 23, The Stubblebine Company/CORFAC International sold the 48,900 s/f industrial showroom building on a 1.8-acre parcel at 307 Dorchester Ave., a former FW Webb site, for $43 million to Alexandria Real Estate Equities. The property was not publicly marketed.
HYM Investment Group names Hurley as partner
Boston, MA The HYM Investment Group (HYM), a leading real estate development company, has promoted John Hurley to the position of partner while continuing his duties as director of development. As partner, Hurley will hold a pivotal role at the company, helping to lead its strategic vision
Norton of Horvath & Tremblay
sells 31 units for $5.325 million
Lowell, MA Spencer Norton of Horvath & Tremblay has arranged the sale of a three-building, 31-unit multi-family portfolio. Norton exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.325 million and $171,774 per unit.
Olivares joins Pearce Real Estate in the New Haven office
North Haven, CT Nanette Pastore, president of Pearce Real Estate, has welcomed Miguel Olivares to their local office. Miguel is an experienced and skilled realtor with a proven track record of success in negotiation and communication.
Synergy adds Collins to leadership team
Boston, MA Synergy, a real estate investor, operator, and manager, has hired Brian Collins to their leadership team. With over two decades of institutional real estate investment management experience, Collins joined Synergy as the executive vice president, head of asset management.
Compass represents seller in $1.92m sale of 101 Mount Hope Avenue
Jamestown, RI Compass has completed the sale of 101 Mount Hope Ave. for $1.92 million. Kira Greene, a founding agent of Compass Providence, represented the seller in this transaction. Situated in the Bryer Farm neighborhood, this property offers a view of the western horizon, overlooking the golf course
NAI Glickman Kovago & Jacobs facilitates 54,000 s/f three-building sale - $3.5m
Millbury, MA NAI Glickman Kovago & Jacobs facilitated the sale of 100 Riverlin St. for $3.5 million. Principal James Glickman and vice presidents Cody Miner and Nolan Ryan represented the seller, GreatNeck, in this transaction. Ryan and Miner also represented the buyer, Sturbridge Supplies.
Industrial leaseback vs. user sale - by Harrison Klein
Selling vacant to an owner-user was once the obvious choice for maximizing the sale price. However, the bullish pace of the industrial market shattered this paradigm. Investors identified the remarkable upward trajectory of property values and began adopting a forward-looking approach,
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