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Project of the Month: Colantonio Inc. completes $15m restoration of the historic senate chamber of the Mass. State House

Boston, MA The Massachusetts State House may be 220 years old, but it has a gleaming new look, thanks to the efforts of Colantonio Inc., who partnered with the Division of Asset Management and Maintenance, the Bureau of the State House (BSH) and CBT Architects to make the “hub of the universe” shine even brighter.

Challenges for 2019 - by Jonathan Avery

The real estate markets continued to be on a roll during 2018. Home values continue to rise in eastern and central Massachusetts. The commercial markets continue to be strong, particularly in the industrial sector. Granted, the residential supply shortage continues in many local markets and the retail property sector is in transition and somewhat challenged by increasing vacancies. But on the whole, 2018 was a good year for real estate. 

MassHousing provides $25 million in financing to Lena New Boston

Mattapan, MA MassHousing provided $25 million in affordable housing financing to Lena New Boston, to support the latest phase of rental housing development at Olmsted Green. With the MassHousing financing, Lena New Boston, a partnership betweenLena Park Community Development Corp. and the New Boston Fund, will advance the latest phase of Olmsted Green, and construct 100 new units of mixed-income rental housing, including 40 new workforce housing units.

O’Brien Commercial Properties completes 21,352 s/f in leases

Marlborough, MA O’Brien Commercial Properties (OCP) has completed 21,352 s/f in leases. The leases include the following: • Phio Pharmaceuticals Corp. extended its 7,500 s/f lease for offices and lab space at the Marlborough Technology Center at 257 Simarano Dr. in the technology sector alongside neighboring technology companies such as GE Medical, Hologic Corp. and IPG Photonics.

NEREJ to host South of Boston Summit at The Lantana on March 20th

Randolph, MA The New England Real Estate Journal (NEREJ) will host the South of Boston Summit on March 20th at The Lantana, 43 Scanlon Dr. T...

Cornerstone Realty Cap. arranges $2.2m to refinance mixed-use prop.

Hudson, MA Cornerstone Realty Capital has arranged $2.2 million for the refinance of a 32-unit mixed-use property. The garden-style property consists of 28 apartments, a mix of 21 studio units, 4 one-bedroom/one-bathroom units, and 3 two-bedroom/one-bathroom units, as well as four commercial spaces.

IFMA Boston to host One-Day Conference for facility managers on March 27

Waltham, MA The Boston chapter of the International Facility Management Association (IFMA), a non-profit organization that supports facility...

Calare Props. acquires 40,500 s/f office prop. on 2.5 acres in Framingham

Framingham, MA Calare Properties has acquired a centrally-located boutique office property at 30 Speen St. Totaling 40,500 s/f, the five-story building sits on 2.5 acres. The asset benefits from highway frontage and signage along the Mass Pike (I-90), offering corporate brand visibility in a thriving office market.

Montessori Kids Universe lease 11,000 s/f at Cummings Center

Beverly, MA Montessori Kids Universe will open soon at Cummings Center. The 11,000 s/f space at the 600 building is one of the first New England locations for the national franchise. The center offers the Montessori-based method of education, with a low child-to-teacher ratio and a focus on children’s natural instincts of curiosity and imagination.

Marazzo of Eastport R.E. Services oversees tenant improvements for Carlton

Wakefield, MA Debra Marazzo, portfolio manager for Eastport Real Estate Services, oversaw a recent tenant improvement project for Carlton National Resources, a national consulting firm focused on contract placement for senior level hardware and software engineers.