<![CDATA[As we had suspected, January was a slow month in regards to sales, compared to the tax fueled rush of transactions at the end of December. The first month of 2013 had only 23 transactions, four of which were foreclosures. Of the sub-categories, Industrial property had 3 sales, Office led the way with 6, Multi-Family and Land both had 4, and Retail/miscellaneous had 5. Some Notable Sales in January 13’ The Multifamily market had the most notable sales; the Summit Ridge Apartments (276 Units) sold for $25 million, and the foreclosure of the Villas @ D’Andrea for $18 million. Cashman Equipment purchased 2 industrial buildings on Dermody Way and a lot from McKenzie Properties for $1,220,000. McKenzie Properties also purchased 9.5 acres of industrial ground on Technology way for $1,305,000. Click here to see the spreadsheet for all of the January transfers and don’t hesitate to contact Tom Fennell with any questions you may have on these transactions. Foreclosures are in yellow and multi-parcel sales are in blue.
March 8, 2013March 8, 2013
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