March
2011
Brownstone Multi-Fam Mayhem!
by Evan, Boston 
42 Dartmouth Street
Boston, MA : South End
2-Family
$1,595,000
This gorgeous 3450 sq ft 2 family brownstone in South End in now FOR SALE. Its a great chance to own a beautifully renovated 2 family home located just 3 blocks from Copley. Good play for an owner occupancy situation. Live on the upper triplex, that consists of 3 bedrooms, 2.5 bathrooms, eat in kitchen, formal living/dining room and an unbelievable roofdeck that completes this amazing home. Use the 1 bedroom+ duplex with a garden patio as the income producing unit while living in the 3 bed. Another option would be to convert it into a spectacular single family home. For more information or to set up an appointment please contact Epapa27@yahoo.com.
637 Tremont Street
Boston, MA : South End
4-Family
$1,799,000
Take a look at this 4 unit, mixed used building. It is a 3040 sq ft, completely renovated brownstone with a high visibility location, which makes the first floor commercial space very desirable. The other 3 units are residential, featuring two 1 bedroom apartments and a studio apartment. All three units are renovated each with cherry/marble kitchens, marble baths, gas fireplaces, washer and dryer, hardwood floors and private deck. Could be great rental income, or potentially a quick condo convert. For more information & to set up an appointment please contact Epapa27@yahoo.com
40 Temple Street
Boston, MA : Beacon Hill
5+ Family
$1.950,000
THIS IS A MUST SEE!! This particular building has not been on the market in over 70 years!! It is currently configured and used as rooming house as 15 units within four floors of living. It is a truly amazing opportunity for a NUMEROUS amount of renovation possibilities. Has the Beacon Hill charm that everyone is looking for, located steps away from Suffolk University and the State House. Has original pine flooring, floor to ceiling windows and other original details that make this a Beacon Hill GEM. ALL OFFERS DUE BY 3/31 – LIMITED SHOWINGS – PLEASE CONTACT Epapa27@yahoo.com for more information/appointments.
March
2011
Saint Botolph Street Multi Fam’s
by Evan, Boston
123 Saint Botolph Street
Boston, MA : Back Bay
$869,000
2 Family – 2 Units
Here is a 2 family building on St. Botolph Street, directly behind the Greenhouse/Prudential Mall. It is 1721 square feet and has room for 3 parking spots. Unit #1 is a 1 bedroom, 1 bathroom home and Unit #2 is a 2 bedroom, 1 bathroom home. Great opportunity to fix up and condo convert or hold as a rental property. Without renovations the rent roll on this building with parking was $5,100/month. With a bit a work, there is plenty of room for rent improvement and there is certainly an opportunity for a condo conversion. For more information or appointments please contact Epapa27@yahoo.com.
183 Saint Botolph Street
Boston, MA : Back Bay
$2.2M
4 Family – 4 Units
PRICE JUST REDUCED. Its a rare opportunity for a 4-family building on Saint Botolph to become available. This is perfect for investors, developers or for an owner occupant situation. This is a meticulously maintained brownstone consist of four apartments and four tandem parking spaces. Unit #1 has 2 bedrooms/2 bathrooms – Unit #2 & Unit #3 have 2 bedrooms/1.5 bathrooms and Unit #4 is a 1 bedroom/1.5 bathroom home. It was bringing in $11,800/month in rent (NOT including parking). It does not need much work, could be an easy cash cow property! For more information or appointments please contact Epapa27@yahoo.com
March
2011
Church Conversions : 3 GREAT Opportunities
by Evan, Boston
Holy Trinity Church
136 & 140R Shawmut Avenue
Boston, MA : SOUTH END
Here is a beautiful South End church for sale, perfect project for an investor looking to make an interesting residential conversion. It was built in 1877 with a site area of square footage of 17,361, a gross building area of 26,900 square feet and a frontage of 40 feet. OFFERS DUE BY APRIL 15th – to set up an appointment or for floor-plans & more pictures please contact Epapa27@yahoo.com.
728 – 740 Tremont Street
Boston, MA : SOUTH END
Here is another gorgeous South End Church that would be a great project for an interested investor. Again, it is situated in a wonderful area of the South End and is offering a lot of space, as it sits on approximately 20,248 sf parcel of land with a building size of 16,784 sf. FOR SHOWINGS AND COMPLETE INFO AND ESTIMATED EXPENSES PLEASE CONTACT Epapa27@yahoo.com
Church of Scientology
448 Beacon Street
Boston, MA : BACK BAY
AMAZING DEVELOPMENT OPPORTUNITY. This is a grand mansion in the Back Bay ideal for condominium conversion. It is situated on the water side of Beacon St and it boasts 25,000 square feet of land with 5 floors of architectural detail, 7 fireplaces, original fixtures and ornate woodwork. This property lets in brilliant sun light from 70+ windows with 3 exposures on the corner of Beacon and Hereford. Great ceiling height, city views and charles river views. It gets even better, it comes with 14 OUTDOOR PARKING SPACES! Many different development opportunities. FOR APPOINTMENTS PLEASE CONTACT Epapa27@yahoo.com.
March
2011
Latham & Watkins to Boston?
by Evan, Boston
The increasingly competitive legal landscape in Boston got a little tighter this week, as rumors surrounding Latham & Watkins opening a Boston outpost were confirmed.
The international law firm, with over 1800 attorneys across the globe and currently ranked #3 on the AM 100, has signed a lease at the Hancock Tower. The deal is approximately 30,000 square feet and is located within the midrise portion of the iconic Boston office building, which was sold to Boston Properties in December 2010 for $930 million. Although there has been no official announcement regarding staffing modifications, it is almost certain that there will be a shake-up announcing partners or a team poach from a local firm or firms.
This announcement continues to demonstrate the ongoing trend among law firms who believe Boston is a growing market where they need a presence. In addition, it shows how competitive Boston’s legal services industry is becoming. We are confident that more firms will follow what Jones Day and Lathrop & Gage have each done within the past 60 days. Jones Day, an international firm with 34 offices across the globe, created big news with the addition of John Hanify and four other partners from Hanify & King. Jones Day is rumored to be close to a deal at 100 High Street, taking between 30,000 and 40,000 square feet. Lathrop & Gage, a Kansas City-based firm that tags itself as “the oldest law firm west of the Mississippi River,” propagated the trend by opening their first Boston office at 28 State Street earlier this year.
The addition of renowned law firms, such as Latham & Watkins, to the Boston market will likely cause a lot of chatter throughout the local legal community. As we draw closer to the end of Q1 2011, we will see continued penetration of the Boston market by large national and international firms. Some may wonder if midsize firms, which have done remarkably well in the past 24 months, will be negatively impacted by these changes. Coming off of a year in which large firms recorded record profits by becoming more efficient in the utilization of their office space, it seems certain the trend will grow.
The question that lingers is not when but who will be next?
By Matthew Godoff, Advisor/Law Practice Group/Grubb & Ellis
About Matthew Godoff
Matt has been an active member of the Boston commercial real estate industry for over 4 years and combines his passion and love for the city with his strong local and national network to help companies achieve their real estate goals. Matt’s experience includes significant specialized involvement in representing the interests of law firms in Boston’s Central Business District. Matt provides clients with an array of services, including corporate relocations, strategic planning, lease analysis, and account management. Representative clients include Ruberto, Israel & Weiner LLP, Sheehan-Phinney,Bass & Green, and Moris & O’Shea.
Growing up outside of Boston, Matt graduated from the Brooks School in North Andover and went on to receive a degree in Political Science & Business Administration from Rollins College in Winter Park, Florida. Matt is a member of the Commercial Brokers Association (CBA), NAIOP, and CJP’s Real Estate Construction & Design Team. In addition, he currently serves as Secretary on the Alumni Board at Brooks School and is Chair of the Nominating Committee on the Fay School Alumni Council. Matt is also actively involved with many area nonprofit organizations, serving as Chair of the ADL’s Glass Leadership Institute and member of the Young Leadership Board as well as co-chair of the 2011 Crystal Ball for The Steppingstone Foundation. Matt currently resides in Boston’s South End with his wife, Allison.
About Grubb & Ellis Law Practice Group
The Law Firm Practice Group provides time-tested solutions to the issues facing the legal industry, as well as to provide our clients with up-to-date information on industry trends impacting real estate decisions today and in the future. The Law Practice Group is made up of the top tenant representation specialists across the Country, supported by access to data and resources specifically designed to service the unique needs and structure of law firms. Our team provides comprehensive solutions, whether the requirement is for one location, or a portfolio of offices around the world. Our expertise within the industry is evident in our body of work. In the last ten years Grubb & Ellis has completed over 2,200 assignments with law firms, covering 18.2 million square feet.
February
2011
Luxury Loft Living Almost Here!
by Evan, Boston
The Lofts @ Atlantic Wharf
Luxury loft living in the Waterfront is finally here! The residential portion of Atlantic Wharf will consist of 85 rental units, with 1BD, 2BD & 2BD+ floorplans availble. Its a beautiful mix between contemporary urban living with a touch of history thanks to its maritime wharf waterfront location! There isn’t an area anyone would rather be in Boston than the Waterfront in the spring and summer time. Each unit has amazing finishes that compliment the high ceiling, over-sized window, loft style homes brilliantly. They’re going to be very clean & sophiscated lofts, that will also provide residents with many amenities. Amenities will include an excercise & fitness facility, club room lounge, underground parking, on site boat slips (love that!), art galleries and plenty of fine & casual dining hot spots (Smith & Wollensky is a definite) all nestled into one great waterfront location! Pricing is rumored to be anywhere from $4.00/ft – $4.50/ft Tours are starting soon! With occupancy starting in July! DO NOT WAIT – CONTACT Epapa27@yahoo.com for immediate updates, floorplans, pictures & future appointment scheduling.
February
2011
South End Commercial Space Available
by Evan, Boston
South End : Columbus Avenue
$2200NNN/month
Located in Boston’s South End on Columbus Avenue, here is a ground level commercial space only a 10 minute walk to the Prudential Center, extremely visible, plenty of foot traffic and central air/gas heat. For more information please contact Epapa27@yahoo.com
February
2011
New Proposal for East Fenway Parking Garage
by Evan, Boston
Developer Catamount Westland LLC has proposed to turn the Symphony Garage located at 41 Westland Ave in Boston’s East Fenway neighborhood into a luxury condominium complex. It is currently home to a 6 story 300 parking facility with hopes that it can become a seven story, 67,000 sqare foot building with 48 residential condominium units with 31 parking spaces. Many developers have had their eyes on the Fenway area, this is one of many potential developments that have been brought forward to the BRA.
February
2011
Attention Investors : North End Buildings
by Evan, Boston
28 Cooper Street : North End
$999,000
2592 square foot unique brick two family located in the heart of the North End. Unit #1 is current a three bedroom triplex and Unit #2 is a floor through 2 bedroom. Building is vacant and easy to show. Contact Epapa27@yahoo.com to set up a showing.
90-92 Endicott Street : North End
$1,195,000
This is a dream building located just around the corner from the Cooper Street building. Located on Endicott Street, this is a 4 unit, 3608 square foot building with 3 residential 2 bedroom units and 1 commercial unit. This is a COMPLETE renovation project, being sold “AS IS”. This building has enormous potential! Could be a money machine! To set up an appointment please contact Epapa27@yahoo.com
February
2011
Boston Hostel Gets New Owner
by Evan, Boston
12 Hemenway Street
SOLD : $4.75M
Hemenway Realty Ventures LLC has purchased the 22,000 square foot hostel located at 12 Hemenway in Boston for $.475M (last assessed at $962,500). Leigh Freudenheim represented both the buyer and the seller in the deal. The seller (HI-Boston) will lease the entire building back for 18 months until Hemenway Realty decides what to do with the property. HI-Boston has its eyes on their newest project, which is a 450-bed facility at 25 Stuart Street in Downtown/Theater District area. This hostel nearly doubles their current size at Hemenway and is scheduled for completion in the spring of 2012. They’re planning on having the hostel on Stuart Street to be the first LEED certified hostel in the country, as they will be incorporating green technologies throughout the building.
February
2011
Singe Family : Beacon Hill “Flats”
by Evan, Boston
Beaver Place
Boston, MA : Beacon Hill (The Flats)
$2.9M
Here is an amazingly rare opportunity to own a 4620 square foot single family home on the “flat of the hill”. This is a truly unique home that is 43 feet wide on three levels with four car parking (2 garage, 2 outside). There are currently architectual plans completed by a very well known architect, but can be altered by the buyer. There is also approval from the Beacon Hill Architectural Commission for work to be completed, which is very important because Beacon Hill is a historical district that has strict regulations before allowing work to be done. To set up an appointment please contact Epapa27@yahoo.com