A Compendium of Property & Capital News
CAMBRIDGE—CBRE/NE Capital Markets cannot seem to get out of mid-Cambridge these days, and that is likely fine by them, with market sources indicating the contingent has closed or landed their fourth listing along Massachusetts Avenue over the past 12 months, most recently negotiating a trade of 625
Taurus Set to Land Cliffside Commons Via CBRE; 295-Units Could Top $70M
Carruth Capital Seen Buying Westborough Office Park from Equus; Deal Could Top $40M
Heritage Point to Bring $28M in Grander, North Colony Buy from Campanelli, TriGate
NatDev Buying Prime Boston Industrial Site Via TCG for Near $12M
BUYER: LMP Properties; mgd. by John Raymond Jr.
SELLER: James P. Nardone and Robert D. Nardone,
PRICE/ADD: $4,500,000; 37 Power Rd., Westford
MTG: $3,000,000 from Machias Savings Bank
NOTES: Industrial property, constructed 1950
BUYER: Fred Starikov and Stephen Whalen
SELLER: JYC Management Inc., mgd by Irwin Young
PRICE/ADD: $4,500,000; 372 Cambridge St., Boston
MTG: $4,400,000 from Northern Bank and Trust
NOTES: Land parcel; lot size is 6,780 sf
MTG: $42,053,000 from Massachusetts Housing Finance
ADD: 1-12 Albemarle St., 7-11 Blackwood St. 144-150 St. Botolph St., Boston
BWR: St. Botolph St Asso., managed by Richard J. Henken
BUYER: 51 Central Dev LLC, managed by Anthony Leonard Arone and Edward B. Cutting IV
SELLER: Neil Gillis and Paul Gillis
PRICE/ADD: $1,400,000; 51 Central St., Somerville
MTG: $1,580,000 from Bank of Canton
NOTES: Three-family property, constructed 1900 last sold in 2008 for $560,00
