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A large Main Street building in Massachusetts is currently on the market. The sale price is $4.8 million. The commercial real estate property is technically three separate buildings that ended up being combined several years ago.
Commercial real estate zoning impacts leasing decisions
Finding a new property to lease in Massachusetts may be a business owner's top goal in 2018. However, choosing commercial real estate properties can be a challenge due to the many factors that are important to consider. One of these factors involves checking zoning ordinances to see what types of activities are permitted at certain properties.
Commercial real estate industry highly competitive
The real estate market continues to be a competitive industry throughout the United States, including in Massachusetts. This is particularly the case for those in the market for commercial real estate properties. A few tips may help buyers to make the most of the opportunities with which they are confronted.
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.
Tips for negotiating a commercial lease - Part 2
This second installment in our blog series devoted to commercial leases examines some of the strategic points to consider in lease negotiations.
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