Real Estate

• Real Estate

  Cape Cod Property Trends from www.capepropertysearch.com
  
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• Rick Barnes of Sea Watch Realty brokers 8,049 sf lease for Fresenius Medical Care

  On December 1, 2007, Fresenius Medical Care moved into their new regional administrative offices at Bank Plaza in downtown New Bedford. Sea Watch Realty, Inc. brokered the 8,049 s.f. lease transaction between Fresenius Medical Care and Bank Plaza, LLC at 700 Pleasant Street in New Bedford.

• Marion Bank Plaza Sold by Sea Watch Realty

  On December 28, 2007, Sea Watch Realty, Inc. sold the 10,700 s.f. banking and retail property located at 350 Front Street, in Marion, Massachusetts.

• Ken Driscoll of Sea Watch Realty Sells 372 North Street, Hyannis MA

  December 5, 2007 -- On November 29, 2007, Sea Watch Realty, Inc. sold the recently constructed 10,000 Sq. Ft. two story office building located at 372 North Street, Hyannis Massachusetts. Both floors of the new office building were designed to include two 1,560 Sq. Ft. suites and one 725 Sq. Ft. suite as well as a common area that includes a foyer, stairwell, elevator and handicapped equipped restrooms.

• Ben Edgar of Sea Watch Realty Sells 75 and 79 Davis Straits, Falmouth, MA

  On November 15, 2007, Sea Watch Realty, Inc. sold the 9,000 s.f. +/- retail/ mixed use properties located at 75 and 79 Davis Straits, Falmouth, Massachusetts. The property, which contains three buildings including a restaurant, retail, catering kitchen and apartment, was sold to a private investor. Ben Edgar, President of Sea Watch Realty brokered the transaction between the Seller and the Buyer. Assisting in the transaction was Nassos Prappas of Olympic Group Realty who represented the Buyer.

• Sea Watch Realty represents UBS Financial in a 7,000 s/f lease

  December 15, 2007 -- Sea Watch Realty, a leading provider of commercial services to corporations, institutions, and the private market, has brokered a 7,000 SF office lease. James Gill, Broker represented the tenant, UBS, a global financial services firm. The site, Shallow Pond Professional Center on Route 132 in Hyannis, is being developed by the Keller Company of Osterville.

• Mid-Cape Home Centers: Reinventing to stay ahead of the curve

  Recently, top local chefs congregated in a demonstration kitchen at the new Complete Home Concepts in Plymouth to share their cooking prowess with scores of local businesses. The scene was a far cry from the simpler roots of an Orleans lumberyard founded in 1895 by a seafaring captain, Oscar Nickerson, whose first full year in business recorded $9,200 in sales.

• Today’s commercial real estate market adds urgency and profits to sale-leasebacks

  Do you have a large portion of your balance sheet tied up with your real estate assets, effectively making only a 7.5 percent to 8 percent return on value in today’s market? If so, that money invested in bricks and mortar might be better spent elsewhere.

• Sea Watch Realty brokers sale of North Dartmouth shopping plaza

  July 31, 2007 -- Sea Watch Realty, Inc. today sold the 30,000 s.f. retail plaza located at 331 State Road (Route 6), in North Dartmouth, Massachusetts.

• What housing downturn?

  The housing market is in the doldrums. Builders are pulling back. Commodity prices are rising. So why is Tony Shepley expanding his Shepley Wood Products company beyond his longtime Hyannis base?
  

• Sea Watch Realty, Inc. Announces New Office Location in Plymouth

  June 27, 2007 -- Sea Watch Realty, Inc. is pleased to announce the opening of its fifth office located at 159 Samoset Street (Old Rt 44) in Plymouth, MA. Stephen Kauffman will be based in the office. Ben Edgar, owner and president of Sea Watch Realty, makes the announcement as the company continues to expand it’s commercial real estate and business brokerage business in Southeastern Massachusetts.

• Aufiero and Anderson join Davenport Realty

  July 2, 2007 – Susan Aufiero and Carol Anderson have recently joined Davenport Realty in South Yarmouth as real estate associates.

• Pressure mounts to increase, expand tourist tax

  An old economic adage says: If you want more of something, subsidize it; if you want less, tax it. Challenging this principle, some political leaders are ramping up efforts to increase a 9.7 percent hotel tax – and expand it to summer home rentals.

• Rockland Trust’s newest venture

  ‘1031’ could be a very lucky number for Rockland Trust. It already is for two entrepreneurs whose business, Compass Exchange Advisors LLC, was recently purchased by the bank.

• Cape construction takes a new tack

  Two years into a national housing slump, Cape Cod builders are experiencing strength in renovation and remodeling work, particularly among baby boomers approaching retirement. However, the forecast for new construction remains cloudy, except for tear downs and high end buyers looking to build exactly their right house.

• It’s a new and challenging world for both mortgage lenders and customers

  The mortgage lending industry on Cape Cod is adjusting to rapid – and often unprecedented – challenges. It’s not just the succession of interest rate increases and a slowing sales market. It’s also increased competition created by a surfeit of mortgage products and providers, combined with advances in technology that lets customers find lenders as far away as California.

• Sell smart!

  Charitable gift annuity trusts can reduce the tax burden on the sale of your home.

• Home staging hits the Cape

  Home staging is a relatively new trend, but it has begun to take a foothold on the Cape, where real estate is a profession for many and a hobby for many more. We have profiled a few of the firms on Cape Cod exploring this new field.

• Does a modular home make sense?

  If pre-fabricated housing conjures an image of a trailer home, think again. On Cape Cod, modular residences easily could cost $1.5 million or more.

• Strategic reversal

  Should you consider turning your equity into income during retirement?

• What’s ahead in 2007

  Cape Business met with its panel of home builders and suppliers to gauge their mood about the housing economy and to hear their predictions for the year. We hope this report provides guidance to you as you build and protect your real estate investment on Cape Cod.

• Beyond lawns

  Not long ago, landscaping on Cape Cod was limited to seeding and mowing lawns – maybe some sod, if you wanted to get fancy – and trimming hedges. And it was reserved for front lawns; back yards were by and large left alone, with pine needles providing a carpet for bare feet.

• Home insurance market remains frustrating

  The New Year did not bring good news on the homeowner’s insurance front. Cape Cod continues to see the effects of hurricane modeling; insurers are leaving this market and rates are continuing to rise.

• At your service

  More homeowners and renters demand to be treated as they would at an elite hotel or quaint B&B.

• What Cape Cod builders are saying – and doing – about the housing economy in 2007

  Just as we did last year, Cape Business editors met with its homebuilder’s panel to gauge their mood about the economy and forecasts for the coming year.

• Commercial real estate: Supply low; demand high

  Cape Cod commercial real estate is an anomaly. Demand is as strong as ever. Vacancy rates are low. Long-term fundamentals are good, as population, income and jobs increase. Capital is available for commercial construction.

• Who’s who in commercial real estate

  Companies selling and leasing commercial real estate here are as diverse as the Cape itself. Their business models vary like night and day.

• Workforce housing: Can we make a difference?

  Cape Business asked Rick Presbrey, founder and CEO of the Housing Assistance Corporation, about a call to action recently released by HAC and the Cape Cod Business Roundtable on workforce housing.
  

• Massachusetts home sales continue decline

  November 28, 2006 – Massachusetts home sales fell by double-digit percentages in October, and the median sale price of single-family homes dropped 6.9 percent compared to October 2005 -- according to a report released today by The Warren Group.

• The latest housing market trends

  September 20, 2006 -- After a drop in housing inventory, September has seen the supply of unsold property on Cape Cod spike once again. From a peak of 6,873 properties in mid-summer, the inventory number dipped as low as 6,765 during the first week of September. But as of this week, that number had risen again – to just above 6,850, according to Cape Business’ partner, Cape Property Search.
  

• Whither Sandwich: Two village-style developments will create a second town center

  It’s called the Golden Triangle, the largest undeveloped commercial area remaining in Sandwich. For years, officials have sought clean, high-technology industry to generate jobs and tax revenues in this southern section of Sandwich below the Mid-Cape Highway. The triangle is bounded by Cotuit Road, Quaker Meetinghouse Road and Route 130.

• Cape Cod home sales: Volume and prices down in May

  June 5, 2006 -- Barnstable County Register of Deeds John F. Meade reports that the volume of real estate sales in May 2006 was down 21.3 percent from May 2005 volume and the total value of sales was down 6.6 percent from the previous year. The median individual property sale value was down 0.75 percent from the previous year. There was an 8 percent decrease in the volume of mortgage activity from May 2005 levels.

• At 82, Conway returns to Hyannis on his way to 50 branch offices

  Jack Conway is the first to arrive this Monday morning at his new Hyannis offices opposite the Cape Cod Mall on Route 28. At 82 years of age, this former sportswriter may boast of his expansive Conway Country – 45 real estate offices from south of Boston to the Cape – but he does so with a most unassuming air.

• Home prices barely holding their own over last year

  For anyone who rushed to purchase a Cape Cod home in the last few years in hopes of high appreciation, it’s time to think again. A CD is returning nearly three times the annual rate of return than a new home here.

• Latest home sales trending down

  May 4, 2006 -- Real estate agents across the Cape are experiencing about a 15 percent drop in activity from last year, and the latest data from the Barnstable County Registry of Deeds more than confirms the declining trend for both sales and home prices.

• New construction on Cape Cod

  To view or download new construction permits on Cape Cod issued in April 2006, please click here.

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