Category: Owners Developers & Managers

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.

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.

Cumberland, ME Cumberland Crossing by Oceanview is officially under construction after a groundbreaking ceremony attended by developers, town officials and project stakeholders. The retirement community is a sister location to OceanView at Falmouth and is based on that successful model

Lowell, MA CBRE/New England has completed the sale of Cabot Crossing, a 252-unit, 100% market-rate apartment community. According to public record the property sold for $42.4 million. CBRE/NE’s multi-housing experts Simon Butler and Biria St. John exclusively represented the seller

Boston, MA Linear Retail Properties, LLC has acquired 19-21 School St., a three-story, 8,131 s/f building in the Downtown Crossing neighborhood of the city. The property is located near the intersection of School St. and Washington St. on the Freedom Trail

The Tax Cuts and Jobs Act of 2017 includes provisions which have the potential to encourage a new round of stimulus to investment in commercial real estate located in rural areas and distressed urban areas. In particular are the provisions which provide tax incentives for reinvestment of capital gains, tax deferred