 (1).png)
News:
Owners Developers & Managers
Posted: November 30, 2011
Vacca of Conway Commercial brokers $265,000 sale of 59 Old Webster Street
Tony Vacca of Conway Commercial recently brokered the $265,000 sale of a business-zoned residential property at 59 Old Webster St. Vacca represented both the buyer, Stephen LeVangie of LeVangie Electric in East Weymouth, and the seller, the Staples family of Hanover.
"The home is in poor condition, but the new owner plans to raze the house, and build a 7,000 s/f industrial warehouse and offices on the site," said Vacca. "He intends to move his electrical contracting business from Weymouth to Hanover, to gain more space and greater accessibility to the highway."
According to Vacca, the building project was "received positively" by the town, and the property will be razed by this winter with construction to begin in the spring.
Conway Commercial was established in 1956 as a division of Jack Conway & Co., Inc., one of the largest independently owned real estate companies in New England.
MORE FROM Owners Developers & Managers
Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI
Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
Quick Hits
 (1).png)
Columns and Thought Leadership
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson
As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan
When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock
A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
New Quonset pier supports small businesses and economic growth - by Steven J. King
Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.