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Bombard elected as CEO of East Cambridge Savings Bank

Cambridge, MA According to East Cambridge Savings Bank, Timothy Bombard was elected CEO by the board of directors. Bombard was named the bank’s president at the March 2023 annual meeting, beginning a leadership

A year in review: How 2023 exceeded expectations and optimism for 2024 - by Rachel Roginsky

The Boston & Cambridge (“City”) lodging market recorded an occupancy of 45% in 2021, only 55% of its performance in 2019. Last year, occupancy increased to 70%, representing an 85% index to 2019.

MassDevelopment issues $10m tax-exempt bond on behalf of Lighthouse School, Inc.

Chelmsford, MA MassDevelopment has issued a $10 million tax-exempt bond on behalf of Lighthouse School, Inc., a nonprofit serving the needs of students living with disabilities, which will use proceeds to build a 22,000 s/f

Signature Healthcare Brockton Hospital receives $150,000 from Rockland Trust Charitable Foundation

Brockton, MA The Rockland Trust Charitable Foundation has provided $150,000 to Brockton Hospital to support renovations that will strengthen the local delivery of safe and exceptional health care. This grant will increase

MPZ Development and Capstone Communities secure
$1.924 million in CPA Funding for Baldwinville School Apartments

Templeton, MA According to MPZ Development LLC (MPZ) and Capstone Communities LLC (Capstone), The Baldwinville School Apartments redevelopment project has been awarded an additional $750,000 in Community Preservation Act (CPA) funding through the town’s Community Preservation Committee

Reed of Stebbins Commercial Properties sells 38,000 s/f
building in Manchester for $3.687 million

Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC has completed the sale of the 38,000 s/f multi-tenant building at 351 Chestnut St. 351 Chestnut Street LLC of Candia, NH sold the property to Lincoln Capital of Santa Monica, CA.

Alvarado of Commercial Property Advisors handles 7,462 s/f lease

Littleton, MA Marci Alvarado, principal of Commercial Property Advisors, represented Odic Inc. in the renewal and expansion of their space at 295 Foster St. Odic now occupies 7,462 s/f at the property.

District Real Estate Advisors provides clients with
high-quality, individualized retail real estate solutions

Boston, MA District Real Estate Advisors has been providing clients with high-quality, individualized retail real estate solutions across the country, combining years of experience, extensive local, regional and national

CBRE assists Vaisala in signing 28,000 s/f lease at
GenLabs’ 3 Van de Graaff Dr. in Burlington, MA

Burlington, MA In a transaction arranged by CBRE, Vaisala, which is a global leader in weather, environmental and industrial measurements headquartered in Vantaa, Finland, has inked a 28,000 s/f lease

Hines of Horvath & Tremblay handles $1.485 million
sale of 14 units

New Britain, CT Tim Hines of Horvath & Tremblay has arranged the sale of 14 units. Hines exclusively represented the seller to complete the transaction at a sale price of $1.485 million. The two adjacent investment properties are located at 100 Broad St. and 109 Grove St. The properties contain a total of 14 units, consisting of two retail suites