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National Development/Charles River Realty
Investors acquires 116,490 s/f 20 Cabot Rd. for $31.7 million

Medford, MA National Development/Charles River Realty Investors has finalized the purchase of 20 Cabot Rd. from Citizens Bank. According to public record the property sold for $31.7 million.

Angel Commercial, LLC handles 3,976 s/f lease to FujiFilm North America Group

Trumbull, CT FujiFilm North America Group has leased 3,976 s/f of office/flex space at 204 Spring Hill Rd., according to Jon Angel, president of Angel Commercial, LLC. They will be relocating from Norwalk, Conn.

Nothing beats a great shopping center - by Carol Todreas

There is nothing like a great shopping center. By “great” and “shopping center,” I mean a pedestrian-scaled development with streets, sidewalks, street side and garage parking with a careful selection of relatively small stores and restaurants.

Modular construction: Why today’s developers are moving to modular - by Harry Wheeler

As an industry, we continue to adapt to the changing consumer landscape and seek out new design and construction trends. Hotel developers today experience escalated land and construction costs, diminishing quality, and lengthy time lines.

Chozick and Pappas of Chozick Realty facilitate $7.5 million sale

East Hartford, CT Rick Chozick and Steve Pappas of Chozick Realty Inc., have facilitated the sale of 90 condominium units located within a 100-unit complex. The 90 units fetched a price of $7.5 million or $83,333 per unit.

Michael Fallon named president of The Fallon Cos.

Boston, MA According to The Fallon Co., Michael Fallon has been named president. In his new role, Michael will be responsible for the strategic direction and growth of the firm across its expanding national footprint

BioMed Realty signs Cyclerion Therapeutics to
114,454 s/f lease at 301 Binney St. in East Cambridge, Mass.

East Cambridge, MA According to BioMed Realty, Cyclerion Therapeutics, Inc., which completed a tax-free public spin-off from Ironwood Pharmaceuticals on April 1, has entered into a long-term lease agreement to occupy 114,454 s/f at 301 Binney St.

AmeriCann completes greenhouse structure at Mass. Cannabis Center

Freetown, MA AmeriCann, Inc., a cannabis company that is developing cultivation, processing and product manufacturing facilities, has completed the greenhouse exterior of Building 1 at the Massachusetts Cannabis Center (MCC).

CBRE completed the sale of 298-unit Mave Apartments

Stoneham, MA The CBRE Capital Markets team completed the sale of Mave Apartments for an undisclosed amount. Mave Apartments is a 298-unit 100% market-rate class A apartment community spread over 14.9 acres adjacent to the 2,300-acre Middlesex Fells Reservation

Residential Security Deposit Law tips for the developer - by Nelson Santos

In my previous article, I outlined the potential pitfalls in accepting and holding a security deposit from a residential tenant in Mass. As an owner/landlord, your goal is to maximize your return on investment. The failure to comply with the specific technical requirements of the security deposit law will ultimately eat into your bottom line.