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Framingham Residential Real Estate Sales (October 2011)

Filed under: Business,Home & Garden by News Staff at 8:37 pm on November 3, 2011
Residential Real Estate Sold in Framingham in September 2011

39 residential properties were sold in Framingham during the month of October 2011.

FRAMINGHAM, MA- There were a total of 39 residential real estate sales in Framingham during the month of October 2011.

Of those 39 properties, thirty one single family homes were sold at an average sale price of just over $296k, four condominiums sold at an average price of $111.5k, and four multi-family properties sold at an average of $252k.

Single family home which sold during October had been on the market for an average of just over 15 weeks, while condos had taken an average of just 6 weeks to sell.

Multi-family residential properties that sold during October 2011 were on the market for an average of 85 days and sold for $252k, just shy of their average $256k asking prices.  A 2-family, 10-room / 6-bedroom at 395 Concord Street sold for ...[read more]


Framingham Company Launches New Online Deals Website

Filed under: Business by Randy Harris at 12:35 pm on November 1, 2011
myVici - group buying website

Framingham based Vici Group, Inc. launches new concept in group buying.

FRAMINGHAM, MA - Vici Group, Inc., a web services company located at 41 Beacon Street, Framingham believes its approach to the online deals market is different enough from Groupon, Woot, DailyDeal and other group buying websites to cut into the lucrative discount online shopping market.  Maybe it is.

Yesterday, (Oct. 31, 2011), the company launched it's myVici.com website which takes its name from the latin "vici" meaning "conquer" and hopes the concept they've come up with will allow consumers to conquer the online deals marketplace.

Instead of waiting for a restaurant, retailer or other business to make an offer to consumers, myVici.com turns the deal on its head -- consumers log in to ...[read more]


Board of Selectmen Plan to Skirt Open Meeting Law

Filed under: Business by Randy Harris at 2:29 pm on October 22, 2011
Framingham Board of Selectmen, (left to right) Laurie Lee, Charlie Sisitsky, Jason Smith, Ginger Esty and Dennis Giombetti.

Framingham Board of Selectmen, (left to right) Laurie Lee, Charlie Sisitsky, Jason Smith, Ginger Esty and Dennis Giombetti.

FRAMINGHAM, MA - In an effort to skirt the Massachusetts Open Meeting Law, (MG.L. Ch. 30A, Sec. 18-25), the Framingham Board of Selectman have decided to hold two sessions of a meeting with an out-of-town developer, where two Selectmen will first meet with representatives of the Nobscot Shopping Center, and then two more Selectmen will meet with the same party for the same purpose.

Selectmen are specifically working around the intent of the very definition of when a meeting with government officials should be open.

Section 18 (a) of the Open Meeting Law defines,  "a session of a town meeting convened under section 9 of chapter 39 which would include the attendance by a quorum of a public body at any such session."

The meeting(s), which will host Tom P. Geissler, Real Estate Asset Manager for SuperValu Inc., (NYSE:  SVU), the Eden Prairie, Minnesota based company ...[read more]


Nobscot Shopping Center Progress Continues

Filed under: Business by Randy Harris at 10:42 pm on October 20, 2011
Nobscot Shopping Center now actively leasing out vacant stores.

New sign advertising that Nobscot Shopping Center is now actively attempting to lease out vacant stores. (photo courtesy of Rick McKenna)

FRAMINGHAM, MA - I have been lucky enough to be involved with the various parties interested in seeing the Nobscot Shopping Center revitalized, and today had a chance to discuss the center's future with the point-man from the newly hired property management company.

Jeff Bruk of Boylston Realty Advisors has been tasked with leasing out the vacant stores in the shopping center.

Jeff has just planted his "FOR LEASE" sign in the shopping center's parking lot, and has designed a Nobscot Shopping Center leasing information brochure to  market the property, (it's in PDF format, Adobe Acrobat reader is needed to view file)

I specifically asked Jeff about the former Texaco Gas Station which is part of the property, (located at the Edgell Rd. entrance to the plaza), and although they, ...[read more]


Framingham Residential Real Estate Sales (September 2011)

Filed under: Business,Home & Garden by News Staff at 1:19 am on October 2, 2011
Residential Real Estate Sold in Framingham in September 2011

39 residential properties were sold in Framingham during the month of September 2011.

FRAMINGHAM, MA- There were a total of 39 residential real estate sales in Framingham during the month of September 2011.

Of the properties sold, thirty one single family homes were sold at an average selling price of just over $341k, three condominiums sold at an average price of $121.6k, and five multi-family properties sold at an average of $180k.

On average single family homes and condominiums sold during September had been on the market for approximately three and a half months. One single family property had been on the market for over a year, (492 Elm Street, a 7-room, 3-bedroom, 1.5-bath split entry that had an asking price of $315k and sold for $296k after 381 days).  Another single-family sold in less than a week, (an 8-room, 4-bedroom, 3-bath Cape at 978 Waverly Street which had an asking price of $249.9k and sold for $245k in just 5 days).

The five multi-family homes sold in September had been on the market for ...[read more]


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