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Historic Boston Inc. purchases St. James African Orthodox Church for $1.4 million

Roxbury, MA Historic Boston Inc. (HBI) has completed acquisition of St. James African Orthodox Church, the former Norwegian Free Evangelical Church, built in 1910, and is continuing to work with the Highland Park neighborhood to determine specific new uses for the 50 Cedar St. property.

NOREL earn “Top Gun” award from Johnson Controls International

Waltham, MA At the Miami Autocall Authorized Distributor Conference, Johnson Controls International (JCI) presented NOREL with the “Top Gun” award for the highest sales of Autocall Fire Detection products. This award represents the top distributor amongst all distributors in North America for 2017-2018.

ERA Key Realty named among top places to work

Northbridge, MA ERA Key Realty Services, which has 14 offices throughout central and eastern Mass., has been named among the top places to work in the state, based on a survey administered by Energage for The Boston Globe.

Newmark Knight Frank arranges 355,000 s/f full building lease for GFI Partners to Quiet Logistics

Devens, MA Newmark Knight Frank (NKF) has completed a 355,000 s/f lease to Quiet Logistics at 64 Jackson Rd. NKF executive managing directors Rick Schuhwerk, Ed Jarosz and Tony Coskren, along with managing director Brian Pinch and associate Lizzie Kusbit represented the property owner, GFI Partners, in the transaction. 

Lacerte joins the New England team at STV|DPM as project executive

Newton, MA According to STV|DPM, Steven Lacerte has joined its New England team as project executive. STV|DPM is a part of STV, a national award-winning firm that provides a broad range of design, construction, and project management services.

Exclusive use provision in shopping center leases - by Diane Rojas

Retail shopping center leases often include an exclusive use provision, which prohibits a landlord from renting space in a given shopping center to another tenant that engages in the same type of business as the tenant’s primary use (e.g., a grocery store lease that stipulates that a landlord may not rent space in the same plaza to any other store that sells groceries or produce).

MassDevelopment issues $14.495 million bond to Wilshire Westminster - Boston Private Bank purchased the bond

Roxbury, MA MassDevelopment has issued a $14.495 million tax-exempt bond on behalf of Wilshire Westminster LLC, an affiliate of the Urban Edge Housing Corporation, which will use bond proceeds to renovate, furnish, and equip two multifamily rental housing facilities in the Roxbury and Dorchester neighborhoods: Westminster Court and Wilshire Apartments.

Nahigian invited to speak at a industry events during fall 2018

Newton, MA During fall of 2018 Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., was invited and spoke at a number of regional commercial real estate events throughout the U.S. as an industry subject matter expert and commercial industry thought-leader. 

Nahigian of Auburndale Realty completes counseling assignment on lease renewal of KinderCare with WF Lacey & Sons

Billerica, MA Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., completed a counseling assignment on the lease renewal of KinderCare and WF Lacey &Sons, Co. Nahigia represented WF Lacey as the landlord’s real estate advisor in the negotiations of this long-term lease renewal

Sittema and Reilley of CBRE secure $120.2 million loan for Zinc Apartments, a 392-unit multifamily property

Cambridge, MA CBRE has secured a $120.2 million loan for the owner of Zinc Apartments, a 392-unit multifamily property. The class A+ LEED Silver certified high-rise community is located at 22 Water St., adjacent to the new Lechmere Station, a light rail station run by the Massachusetts Bay Transportation Authority (MBTA) slated to open in 2021.