Top Stories
Greystar and Haseko break ground on MBTA Communities Act multifamily development
Needham, MA Greystar, a global leader in investment management, development, and property management, and Haseko North America, the U.S. subsidiary of Japan’s largest condominium construction firm, broke ground on a new, 189-unit multifamily development at 100 West St. 100 West,
Bradley of Horvath & Tremblay completes sale of 50 units for $6.25 million
Springfield, MA Michael Bradley of Horvath & Tremblay has facilitated the sale of two transactions totaling $6.25 million. The sales include the following: Bradley arranged the sale of Walnut Apartments, a 16 unit multi-family property. Horvath & Tremblay exclusively represented the seller and secured the buyer to complete the transaction at a sale price of $1.9 million.
Project of the Month: Vantage Builders and JCJ Architecture complete 5,000 s/f buildout of the Rowdy’s Esports Arena at UMass Lowell
Lowell, MA Vantage Builders, Inc., a commercial contractor specializing in pre-construction, construction management and design-build services, has completed the 5,000 s/f buildout of UMass Lowell’s Rowdy’s Esports Arena, a new gaming hub and student gathering place.
Atlantic Capital Partners sells Danvers Dick’s Sporting Goods for $16 million
Danvers, MA Atlantic Capital Partners has completed the $16 million sale of a Dick’s Sporting Goods. Positioned 20 miles north of Boston, the asset benefits from prominent frontage within one of the region’s most densely populated and highly trafficked retail corridors.
Spire Investments purchases Salem apartment building for $3.26 million
Salem, MA Spire Investments has completed the purchase of a 12-unit brick building for $3.26 million. The property consists of a three-story brick apartment building which sits adjacent to Shetland Park. The unit mix comprises two- and three-bedroom units, each around 1,000 s/f. The property was marketed by Brian DApice of the Mega Group with an initial asking price of $3.4 million.
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Property Management & Operations Spotlight - GB Property Management Group
Three things define success right now. Responsiveness comes first. Boards and owners expect real-time information, not monthly summaries pushed out two weeks late. Financial discipline comes next. With insurance, labor, and capital costs all climbing, every line item matters and reserves need to be modeled honestly, not guessed at.
Papazian of Greater Boston Commercial Properties, Inc. completes $3.9m sale
Worcester, MA Nishan Papazian of Greater Boston Commercial Properties, Inc. has completed the sale of 267 Shrewsbury St., serving as the sole broker for the transaction.
Pennrose and Hyde Square Task Force break ground on Blessed Sacrament redevelopment
Boston, MA Pennrose and Hyde Square Task Force (HSTF) celebrated the groundbreaking of the Blessed Sacrament redevelopment, which will transform the vacant 1913 historic church in the city’s Jamaica Plain neighborhood into a mixed-use, mixed-income development.
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ARCO partners with R.J. Kelly on Class A self-storage development
Boylston, MA ARCO National Construction’s New England division is partnering with R.J. Kelly (RJK) on the development of a new Class A self-storage facility. Situated on a 6.12-acre site with Rte. 140 frontage and visibility from I-290
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JLL facilitates $13.55 million acquisition loan for 84-unit Carrier Woods
Scarborough, ME JLL Capital Markets has secured $13.55 million acquisition financing for Carrier Woods, an 84-unit Class A multifamily property. JLL worked on behalf of the borrower, Chestnut Realty Management, in arranging the seven-year, fixed-rate loan through Fannie Mae. The loan will be serviced by JLL Real Estate Capital, LLC.
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The Davis Companies promotes Reynolds to president
Boston, MA The Davis Companies (Davis) has promoted Quentin Reynolds to president and chief investment officer. Reynolds, who has led Davis’ acquisition team for over a decade and has served as the firm’s CIO since 2020,
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A good manager can take a mediocre restaurant and make it a screaming success. Conversely, a poor management team can lead a successful restaurant into the doldrums of survivability.
Many schools in the United States are struggling to keep up with deteriorating infrastructure. According to the American Society of Civil Engineers, nearly 40% of schools across the U.S. are more than 55 years old and need new critical systems upgrades such as heating, ventilation and air conditioning (HVAC).
Pawtucket is undergoing a reimagination with important ramifications for the city, state, and region. Housing, commercial, and public infrastructure investments are accelerating. The
Commuters traveling over the new Henderson Bridge connecting the cities of East Providence and Providence may notice several structures rising along the Seekonk River waterfront. The
Because of the housing inventory shortage, many homeowners have found themselves priced out of the market or frustrated because they could not compete in multiple-offer situations. As a result, many looked at alternatives, including renovating or adding onto their current home – a logical solution given the challenges of moving elsewhere.
A significant portion of real estate in the Greater Boston area hasn’t sold since the 1990s. These owners often purchased at low prices coming out of the Savings and Loan Crisis.
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