Archive for May, 2008

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Shutting Down a Sale

There were at least two fairly major auctions that I know of that were shut down for lack of bidders this past weekend. The first was Peabody Crossing, and the second was The Modern in Boston’s South End.
Both of these sales were promoted with campaigns that have seemed to become the “norm” in condo liquidations. [...]

22May2008 | Brecht Palombo | 0 comments | Continued
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April 08 Multifamily Sales Report Now Available

I just updated the sales figures for April 2008. This data is compiled from MLS and as I’ve mentioned here previously this data largely excludes the bigger commercial multifamily sales but is inclusive of probably 85% or more of the small and mid-sized buildings, that is what seems to make it into MLS.
The average [...]

15May2008 | Brecht Palombo | 0 comments | Continued
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Make Your Goals Match Your Market

I write from time to time about how to size up a real estate investment. We’ve discussed cap rate and gross rent multiplier and briefly IRR. In the multifamily market though it seems there are as many measures of a good investment as there are investors.
Recently we were talking with an investor who is [...]

14May2008 | Brecht Palombo | 0 comments | Continued
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