Source: Barnstable County Registry of Deeds January 2011 According to data compiled by John F. Meade, Barnstable County Register of Deeds, 348 deeds with stated sales values above $50,000 were recorded at the Barnstable Registry of Deeds in January 2011. The stated consideration in the 348 deeds totaled $147,109,151 and the median sale price was $301,500.… [Continue Reading]
2010 CRE Transaction Volume – Cape Cod, MA
February 1, 2011 By Leave a Comment
Source: Joseph P. Egan & Associates Copyright 2011 As depicted in the following charts, commercial real estate transaction volume in Barnstable County, MA increased modestly in 2010 with arms-length transactions outpacing the 2009 level. In 2009 and 2010 in particular, conveyances involving distressed commercial properties of all forms continued on an upward trend. In 2010,… [Continue Reading]
Wal-Mart Proposes Second, Larger Store in West Wareham
August 11, 2010 By Leave a Comment
East Wareham, MA- In late June 2010, Wal-Mart representatives appeared before the Wareham Planning Board presenting plans to relocate the existing Wal-Mart along Cranberry Highway in East Wareham to a newly built store located just north of Wareham Crossing in West Wareham. The 26.1 acre West Wareham project site is at the corner of Tobey Road and Cranberry Highway, near Exit 21 off of… [Continue Reading]
Gas Mart Proposal Recinded
August 11, 2010 By Leave a Comment
Orleans, MA - Developers of a proposed Stop & Shop self-service gas mart at the Cranberry Cove Plaza on Route 6A in Orleans, MA announced in May 2010 their decision to withdraw the project. While under review, the project was accepted as a Development of Regional Impact (DR-09021) following a discretionary referral by the Town of Orleans. The Cape Cod… [Continue Reading]
Reported Portfolio Offering Includes an Interest in Cape Cod Mall
August 11, 2010 By Leave a Comment
Hyannis, MA – According to published reports in the Boston Globe, Boston Herald, and a number of business and commercial real estate publications in June 2010, anonymous sources have reported that a signature property portfolio which includes the Cape Cod Mall is on the market. Reportedly, the Boston office of Eastdil Secured LLC, a wholly owned subsidiary of Wells Fargo… [Continue Reading]
With Chevrolet Out, Only One Falmouth Dealership Stays In
March 15, 2010 By Leave a Comment
FALMOUTH, MA - In January 2010, seemingly without much public notice and information after the fact, Harbor Chevrolet at 171 Worcester Court cleared its lots, posted closed signs on the showroom windows, and locked the doors. According to GM and local sources, the long-time Upper Cape dealership is no longer in the dealer network. A redirect to GM from the dealership’s web address… [Continue Reading]
Market Snapshot: Woods Hole, MA
October 21, 2009 By Leave a Comment
Nestled in the extreme southwest portion of Barnstable County, MA within the Town of Falmouth, the village of Woods Hole is argueably the most diverse, enduring and unique of all the many business districts located on Cape Cod. Just ask anyone with a connection to Woods Hole and they will proudly tell you that’s just the way it is and how they have liked… [Continue Reading]
Sales Figures Reflect Softening Cape Cod Commercial Real Estate Sector
October 24, 2008 By Leave a Comment
A total of 145 qualified commercial real estate sales transpired on Cape Cod from January – September 2008. The latest figures amount to a 23.3% decline from the level achieved in the same nine month period in 2007. The 2008 drop is also about 42% below the 12-year average of 250 sales and the lowest period to period total since 1997. Quarterly figures reveal… [Continue Reading]
Will Breaker Trip on Hyannis Circuit City Store?
October 20, 2008 By Leave a Comment
HYANNIS, MA – The Wall Street Journal reported today Circuit City Stores, Inc. is considering a plan which will shutter at least 150 stores and result in the loss of thousands of jobs. Reportedly, the nation’s No. 2 electronic retailer has engaged various legal and industry experts as the firm explores alternatives to filing for bankruptcy protection. (WSJ)
NAR: Commercial Real Estate Pinched by Wall Street Woes
September 17, 2008 By Leave a Comment
WASHINGTON. DC - According to the latest Commercial Real Estate Outlook released by the National Association of Realtors (R), activity is slowing in leading commercial real estate sectors all in response to tightening credit and slow economic growth. Lawrence Yun, NAR chief economist, acknowledges problems on Wall Street are affecting commercial real estate. “Although capital remains available for residential… [Continue Reading]
