Batterymarch Group LLC is a full service independent real estate brokerage firm specializing in the downtown Boston market. More about our services here.
In this issue:
- Price vs. Value – Beware of the Money Grab
- New and Noteworthy – Penthouse Sellers Raising Prices – Maybe It’s Not Transitory?
- 4 West Hill Place, unit 4 – Good Value on the Flat of the Hill – Well Bought
- 22 Liberty Street, unit PH2A – Seaport Flipper Hits a Home Run – Well Sold
What’s Catching Our Eye
Price vs. Value – Beware of the Money Grab
Early in my career, I worked for my family’s broker-dealer where we specialized in trading the securities of closely held public companies. These securities traded by “appointment only” in the “Pink Sheets” and included companies like Boston Sand & Gravel, Nantucket Electric Company, Bar Harbor Water Company, the Boston Athenaeum, and the list goes on. Like high-end real estate, the over-the-counter market was illiquid and highly inefficient. Our clients depended on us to do proprietary research to get the valuations right.