National Market Report

The Las Olas Riverfront shopping complex in Fort Lauderdale Boston The owner of two multifamily buildings in Boston's posh Beacon Hill neighborhood has put the properties up for sale, after years of little commercial sales activity in the neighborhood, Boston Realty Advisors founder Jason Weissman told Citybizlist. Weissman's firm is helping handle the sale. The two buildings, at 86 Charles Street and 120 Charles Street, contain 12 and eight residential units, respectively, and are being marketed without an asking price. "There's only been one building on Charles Street sold at arm's length in the last 10 years," Weissman said, noting that the seller had been waiting out the bad economic conditions before seeking a buyer. "Due to the improving market, the ownership felt that the timing was right to sell." The decision comes on the heels of an optimistic recent report from firm CoStar Group, which named Boston among its top metro areas with "strong prospects for investors seeking to catch the next wave of value appreciation" in the multifamily market.