RYE – The city of Rye appears to be out of options regarding its $6 million purchase of a CVS store next to the municipal building on Boston Post Road.
After leasing it to Lester’s clothing store for a few years, the government is set to put it on the market for almost half the amount they paid for it.
Erin Patterson, a senior analyst at the real estate firm Jones Lang LaSalle, says it might go for more because Rye retail is in demand – though it’s hard to tell because their been so few deals in that posh little city…
One positive is that in all honesty, Rye is “recession proof” – the residential real estate market has not experienced the collapse that anchored the nation’s Great Recession. The retail market is a direct indicator of the health of the consumer and the homeowner. With Rye still maintaining strong home values, the homeowner (and in effect, the consumer) is still empowered, driving retail in the area. So, for the right tenant or developer, this sale could be a goldmine. While the sales price will likely be sub the 2006-sales price, it could be closer than we think…
Click here to read Leah Rae’s full story regarding Rye’s failed attempt to broker commercial real estate.
14 Comments
My wife and i were absolutely ecstatic when Albert managed to complete his reports using the ideas he made from your own web page. It is now and again perplexing to simply continually be giving for free tips and hints which usually people today may have been making money from. Therefore we acknowledge we need the writer to give thanks to for that. All of the explanations you made, the easy site navigation, the friendships your site aid to create
I admired your helpful site. excellent contribution. I hope you release many. I will carry on reading
Real superb information can be found on this weblog.
salutations from across the ocean. excellent post I will return for more.
Hi, i think that i noticed you visited my blog so i got here to “return the favor”.I am trying to find issues to enhance my website!I guess its good enough to use a few of your ideas!!
Very interesting information!Perfect just what I was searching for!
Very interesting info!Perfect just what I was looking for!
Hello, i believe that i saw you visited my blog so i got here to “return the favor”.I’m trying to in finding issues to improve my site!I guess its ok to use some of your ideas!!
I view something genuinely interesting about your weblog so I saved to bookmarks .
I believe that avoiding prepared foods is a first step to lose weight. They will often taste great, but refined foods contain very little nutritional value, making you feed on more in order to have enough energy to get with the day. Should you be constantly consuming these foods, transitioning to grain and other complex carbohydrates will make you to have more vigor while consuming less. Interesting blog post.
This was an interesting post. Where did you reference this from?
This blog has inspired me to start focusing on my own blog
I want forgathering utile information , this post has got me even more info! .
Perhaps there is some thing not right with the site? The images on the topmost look a little messed up. Nice blog post nevertheless, continue the great work you are doing here!