Seder & Chandler, LLP
Worcester 508-471-3018
Westborough 508-709-0024

Commercial Real Estate Archives

Commercial real estate market expected to remain steady

According to a recent report, the future of commercial properties remains uncertain. At the moment, there is some optimism surrounding commercial real estate throughout the United States, including in Massachusetts. However, there is also room for improvement in this sector.

$56M commercial real estate purchase involves apartment complex

An investment holdings company recently acquired a 190-unit apartment complex in the state of Massachusetts for $56 million. The per-unit purchase is about $295,000 for each unit. According to the investment holdings company, part of the reason for the purchase is that this area of Massachusetts features an in-demand commercial real estate market that has been attracting attention both internationally and domestically.

Commercial real estate property sold for more than $63M

A real estate investment and management company recently completed a commercial property sale in Massachusetts. The commercial real estate property is an office building located in the city of Worcester. Another real estate investment partner acquired this property for a total of $63.5 million.

Commercial real estate property to be used for medical marijuana

An out-of-state company desiring to grow and market medical marijuana is currently in the process of purchasing a mill in Massachusetts for this purpose. The commercial real estate property that will be bought is four stories tall and made of brick. It features more than 170,000 square feet of space and sits on a 3.5-acre lot.

Commercial real estate eyed as strong area for investment

With the recent turmoil in the stock market following the election of Donald Trump, many investors throughout the United States, including in Massachusetts, have been analyzing their investment strategies to determine the best routes to take. One area that has garnered increasing attention is commercial real estate -- specifically private-equity real estate. This is considered a goal-seeking investment.

Commercial real estate development for office space approved

A new office property is in the process of being developed in Massachusetts following a redevelopment authority's approval of the project. This building slated to be developed will be eight stories tall and span 230,000 square feet. The commercial real estate development site was acquired by two companies, Rubenstein Partners and Nordblom Company, in January 2015 for a total of $75 million.

Is it possible to terminate a commercial lease early?

In a previous blog post, we discussed some of the specific clauses that business owners would be wise to ensure are included in a commercial lease. Above all, commercial lease should include provisions that serve to preserve and protect a business owner's interests. In cases where a business owner subsequently wants to terminate a commercial lease, he or she would be wise to closely review the terms of the lease to determine the best course of action.

How an attorney can assist business owners in securing financing

Unlike a loan obtained to purchase a vehicle or a car, those involved in the purchase of commercial real estate can, and should be, negotiated. The timing of such negotiations are dependent upon when a borrower is able to secure financing and then submit what's known as a commitment letter to a borrower as proof of good faith.

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