News
Big Assignment
September 22, 2010
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| Yesterday, Boston Realty Advisors announced it will market two trophy buildings, 86 and 120 Charles St., with parking spaces valued around $200k each. How did this 10-year-old firm land such a plum assignment? BRA founder Jason Weissman, whom we snapped Monday (right), moves fast. When he was 18 and in college, he was leasing apartments on Newbury Street. Four years later, he started Boston Realty Advisors. Since ?07 Jason has had a partner, Will Catlin (left) and they now have a staff of 35 who do CRE leasing, sales and relocations, and commercial investment sales. They rack up about 450 transactions a year. |
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| We snapped broker David Lank talking with Lucie Monroe about the East Cambridge office condo David is marketing. It's 5k SF with a major draw: 30 parking spaces valued at about $30k each. Meanwhile, BRA is producing some interesting market research. On Monday, it issued a report that says the economy is already in a second recession (ah, but you never forget your first, right?). However, Boston office-leasing fundamentals will improve and multifamily rents will continue to rise along with occupancy rates.CRE sales YTD involve less valuable properties trading at lower prices than the ?07 peak, but the number of transactions is rebounding. So far in 2010, Boston is on track to produce 244 CRE property sales compared to 331 in ?07, and 230 in ?06. |
