BOSTON— The last buyer of 311 Summer St. was across the river in Cambridge, but an investor from a much farther distance—and at a considerably higher price—is acquiring the warehouse-turned-office building in a trade deemed Wednesday by one source to be “imminent,” the result of a global search conducted by Boston Realty Advisors. The newest […]
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BRAINTREE, MA. – Jumbo Capital continues to pursue CRE opportunities in its back yard, and one recent addition reflects a regional preference and growing desire to pursue stabilized opportunities, with the Quincy firm landing the Massachusetts State Lottery headquarters at 60 Columbian St. in a $10.2 million purchase negotiated by Boston Realty Advisors via Managing Director […]
Read MoreThe North Shore is on Fire, but For How Long? Since 2012, the average growth for two-plus multi-family buildings on a price per square foot basis in Salem was 10%, Saugus 11%, Revere 13% and Lynn 15%. Compared to Boston’s average multi-family growth rate of 6% between all sub-markets, the North Shore has distinguished itself […]
Read More5 Boston Submarkets Fetch Over $1,000 PSF For the first time in history, five Boston sub-markets are fetching over $1,000 per-square foot. Ongoing inventory battles, created by the outpour of new luxurious condominium developments, in addition to rapid absorption rates, are creating a hyper-competitive housing market. The release of 22 Liberty, a 109-unit development […]
Read MoreStephi’s in South Boston, located on 130 Dorchester Avenue closed its doors yesterday after being open for half a decade. Its convenient location between West Broadway and Dorchester Avenue made it a local hotspot. In January 2018, Met Restaurant Group and Stephanie’s Restaurant Group merged into Sidell Hospitality, owned and operated by sisters, Stephanie […]
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