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Framingham Residential Real Estate Sales (July 2011)

This home at 262 Edmands Road, topped the list of Framingham, MA residential real estate sales for July 2011, selling for $670,225

FRAMINGHAM, MA– There were a total of 57 residential real estate sales in Framingham during the month of July 2011.

Of the properties sold, forty three single family homes were sold at an average sale price of just under $319k, eight condominiums sold at an average price of $112k, five multi-family properties sold at an average of $231k, and one piece of land was sold for $160k.

Sold properties had been on the market for an average of just under three months, except for the land sale — that property, a 4/10ths of an acre parcel located at 10 Fenwick Street was only on the market for four days, had an asking price of $159,900 and sold for $160,000.

Topping out the single family residence market, a 10-room, 4-bedroom, 3.5-bath colonial at 262 Edmands Road sold for (more…)

August 4, 2011
Sealtest Factory Selling Off Equipment

FRAMINGHAM, MA – Most people who have lived in Framingham for more than 30 or 40 years refer to the ice cream production facility on Old Connecticut Path, (across from the top of Speen Street), simply as “Sealtest” — even though it hasn’t produced Sealtest ice-cream for many years.

In-fact, no ice-cream at all has been made at the Framingham plant since April 31, 2011. That’s when Unilever, the multi-national consumer product manufacturing conglomerate which owns the Sealtest, Breyer’s and Good Humor ice-cream brands finally shut down the factory.

It wasn’t a sudden closing, for a couple years Unilever had been warning the last 200 or so employees they would be shifting production to other facilities where utilities, taxes and wages would cost the company less.

After hearing the final days for the plant were numbered, in March (2011), Michael Montville who grew up in Bellingham, (and now lives in Danielson CT), made (more…)

August 3, 2011
Framingham Firm Faces Investor Lawsuit

The Princeton Review, Inc, 111 Speen Street, Suite 550, Framingham, MA 01701

FRAMINGHAM, MA – The Princeton Review, Inc., (NASDAQ:REVU), is a Framingham, MA based company which markets college preparatory materials, (training test for PSAT, SAT, LSAT and other tests), and offers online and in-person courses, tutoring, software, books and related products and services in 41 states in the USA and in twenty other countries.

The company has recently come under fire and faces an impending class action lawsuit by investors.

On July 29, 2011, Attorney Theodore M. Hess-Mahan of (more…)

August 1, 2011
Annie’s Book Stop in Nobscot Calls it Quits

Soon the lights will be out for good at Annie's Book Stop / Espresso Paulo & the Nobscot Gallery in the Nobscot Shopping Center, Framingham MA, (July 28,2011 photo)

FRAMINGHAM, MA– Nobody can blame Paul Ashton, he’s made more of an effort than most to keep the small business he operates in the Nobscot Shopping Center alive — waiting, hoping for an economic rebound, or at least some signs of life.

On Thursday July 28th, Ashton, owner of Annie’s Book Stop & Espresso Paulo sent out a press release, regretfully announcing he is closing up shop.

Although he hasn’t set an exact closing date, starting Friday, July 29th, he will be holding an “Everything Must Go” sale.

In his press release, Ashton commented, “Obviously I feel quite sad about this. The book store has been in this plaza for over 20 years, and I have owned it since 2000. As other booksellers, both new and used, have found, book-buyer habits have changed significantly in recent years.”

Citing recent trends in online shopping, Ashton went on to explain (more…)

July 29, 2011
Crowd Taps into Jack’s Abby Beer at BBC

The Hendler brothers, Jack, Eric and Sam, (left to right), arrive for the Jack's Abby Brewing ''Saxon Sons Pilsner'' release party at BBC in Framingham, MA. (July 21, 2011)

FRAMINGHAM, MA– Sporting the traditional brew-master’s lederhosen, at 8:30 p.m. on Thursday, July 22, 2011, the Hendler brothers, Jack, Eric and Sam, of Jack’s Abby Brewing, LLC, a new Framingham, MA brewery, arrive at the British Beer Company on Rt. 9.

Jack’s wife, other family members, friends and a bar packed locals were already inside — there to wish the brothers well — to taste the first commercially available kegs of the brewery’s beer — and to be part of the launch of a new Framingham business.

Jack’s Abby Brewing, which is located at 81 Morton St. in Downtown Framingham was founded in January of 2011. A short seven months later, the company has geared up production and distribution and has already signed up several local pubs to carry its first two beers; “Saxon Sons Pilsner” and (more…)

July 22, 2011
Ameresco, Inc. Acquires Applied Energy Group

Ameresco is a Framingham, MA based energy efficiency and renewable energy company/

FRAMINGHAM, MA– Ameresco, Inc. (NYSE: AMRC) a leading energy efficiency and renewable energy company, announced today that it has acquired Applied Energy Group (“AEG”), a privately held company providing energy efficiency and demand side management consulting services. AEG, headquartered in Islandia, NY, currently serves utilities and government agencies in the Northeast, Mid-Atlantic, Midwest and other regions. In addition to designing, managing and evaluating energy efficiency programs, AEG also (more…)

July 15, 2011
Classic Cars Cruise to CJ’s Northside Grill

The classic cars that made Riley's in Nobscot a favorite Saturday night cruise destination has re-opened as CJ's Northside Grill.

FRAMINGHAM, MA – For nearly a decade, every Saturday night when the weather was nice, antique autos, high performance hot-rods and vintage vehicles cruised to Framingham to meet with other car enthusiasts at a restaurant in the Nobscot section of town.

The restaurant, formerly operated by Joe Breed as “Riley’s Roast Beef” is now CJ’s Northside Grille — brought back to life by Framingham natives Chris Gagen and Jamie Anderson.

Chris and Jamie are both Framingham North High class of 1989 graduates and both worked at Riley’s when Joe owned the place

Along with the partners, Chris’ brother Sean, some cousins and other family members (more…)

June 29, 2011
April 2011 Residential Real Estate Sales

FRAMINGHAM, MA – A total of 42 residential properties were sold in the town of Framingham, MA during the month of April, (2011).

Thirty one single family homes, nine condos, and two multi-family homes were sold in town during the month.

Of the single family homes sold, the average list price was $367k and the realized selling prices averaged slightly less at $355k. The homes had an average time on the market of approximately 4-1/2 months, (132 days).

The two multi-family homes which sold both had 14-rooms divided among 3-units, and were both located in the Waushakum Pond area and closed only days apart. The first, at 16 Eames Street had been on the market for nearly a year and a half, (511 days), and was listed at $449k and sold for $360k. A similar 3-unit, 14-room multifamily at 83-85 Winthrop Street was only only the market for (44) days, listed at $399k and sold for $370k.

Nine condominiums were sold in Framingham during the month of April. The average list price for condos was $125k, and the average selling price was slightly lower at $122k. At the extreme ends of the condo sales, a 2-room, 1-bedroom, 1-bath unit on Beaver St sold for $37k, while a 5-room, 2-bedroom, 2-bath unit at 1500 Worcester Road sold for $205k demonstrating the wide range of properties available in the Framingham condo market.

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May 2, 2011
Shillman House Now Hiring

jcheonline.blogspot.com
A blog at http://jcheonline.blogspot.com documents the construction progress and shows some of the finish work being down as the opening date nears.

FRAMINGHAM, MA – The JCHE Shillman House, a senior independent living community of 150 one-bedroom and two-bedroom apartments which was recently constructed on Edmands Rd in Nobscot is scheduled to open in June.

JCHE is currently advertising for all types of staff.

Positions range from “Hospitality Team Member”, (laundry, housekeeping and dining room wait service staff), a Dining Room Manager and Assistant Dining Manager, Cooks and kitchen utility staff, a facility Maintenance Mechanic, a Custodian, Van Drivers — and even a 10 hour per week position for a Chinese Interpreter!

They are also looking for a “Live-in Site Rep” — the job comes with a 2-bedroom apartment with all utilities and a stipend and is (more…)

April 30, 2011
March 2011 Residential Real Estate Sales

FRAMINGHAM, MA – A total of 43 residential properties were sold in the town of Framingham, MA during the month of March, (2011).

Twenty eight single family homes, ten condos, four multi-family homes and half acre lot on Kendall Street rounded out the residential real estate sales in town for the month.

The single family homes were on the market for an average of 86 days, and sold for an average of just over $300k, slightly below the average list price for the same properties which was $311k.

Condo sales were brisk. Units which did sell had only been on the market for an average of 25 to 26 days. Still, buyers were able to purchase the condos for slightly less than asking price, (in most cases). Average condo prices were in the mid-$90k range, with units selling from $40k to just under $250k. The Town’s long standing moratoriums on large-scale apartment complex construction appears to keep demand high for the limited number of existing condominiums in Framingham.

Four 2-family homes located in Downtown Framingham, (40-44 Alexander St., 61 Lawrence St., 231 Irving St. and 8 Wellington Ave) sold during the month of March. The multi-family homes which were on the market for an average of five months, (157 days), sold at an average of $176k, slightly less than the average asking price of $187k.

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April 28, 2011