Search
Story results for:
Worth Avenue Capital, LLC funds $500,000 construction loan
February 21, 2025
Montville, CT Worth Avenue Capital, LLC (WAC) has funded a $500,000 follow on construction loan to a Connecticut-based real estate developer. The borrower is one of WAC’s many multiple repeat borrowers who has partnered with WAC on numerous development projects over the last several years.
CBRE facilitates sale of four property The Beverly Crossing portfolio
February 21, 2025
Beverly, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of The Beverly Crossing portfolio, a four-property, 394-unit apartment portfolio with 26,038 s/f of retail space. The sale price was not disclosed.
Boston/Cambridge lodging market – Year-end review and 2025 outlook - by Rachel Roginsky
February 21, 2025
The Boston and Cambridge (city) lodging market, both pre- and post-COVID, remains one of the most vibrant and dynamic in the United States. As of year-end 2024, according to STR, the Boston MSA ranked 5th highest in occupancy and 3rd highest in ADR among the top 25 markets. Only two top 25 markets, New York and Oahu Island (HI)
Aho of Aho Properties and Reilly of Avison Young handle 5,931 s/f lease
February 21, 2025
Acton MA Joel Aho, president of Aho Properties, LLC, represented Technology Point Properties in leasing 5,931 s/f of office/flex space at 40 Nagog Park to BigRep America, Inc. BigRep will be moving out of its space in Woburn and will occupy the entire first floor of 40 Nagog. Chris Reilly from Avison Young represented
NAI Glickman Kovago and Jacobs sells
Auburn Crossing for $2.2 million
February 21, 2025
Auburn, MA NAI Glickman Kovago and Jacobs has completed sale of 482 Southbridge St., known as the Auburn Crossing Building for $2.2 million. The transaction was facilitated by David Burwick and Lexi Brissette of NAI Glickman Kovago and Jacobs, whose expertise
PEG and McNair Interests partner with Simon on Residence Inn
February 21, 2025
Peabody, MA PEG, a leading vertically integrated owner, operator and developer of multifamily, hospitality and build-to-rent assets in the U.S. and Canada, and Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, have closed on financing and commenced construction
Fenway Alliance names Manfredi and Lowrey as the recipients of the 2025 Fenway Alliance Celebrates E...
February 21, 2025
Boston, MA The Fenway Alliance’s FACES (Fenway Alliance Celebrates Exceptional Spirit) Award will recognize David Manfredi, CEO and founding principal of Elkus Manfredi Architects and Elizabeth Lowrey, principal of Elkus Manfredi Architects for their individual professional contributions to the vibrancy of the Fenway community
Marcus & Millichap arranges sale of industrial property for $4.85 million
February 21, 2025
North Andover, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, completed the sale of a 30,855 s/f flex/industrial building located at 45 Beechwood Dr., for $4.85 million.
O’Brien Commercial Properties handles $1.75 million sale of 5,000 s/f property
February 21, 2025
Fitchburg, MA O’Brien Commercial Properties represented Airport CTC LLC in the sale of 155 Airport Rd. This property is under long-term lease to Habit Opco, LLC as a substance abuse treatment clinic with headquarters in Franklin, Tenn. The tenant sees over 2,000 patients
Storti and Casey of Sweeney Real Estate
& Appraisal broker 17,680 s/f industrial sale
February 21, 2025
Lincoln, RI Evan Storti and Kevin Casey of Sweeney Real Estate & Appraisal joined to broker the sale of a 17,680 s/f industrial mill building located at 27 Carrington St. The sale price was not disclosed. The property, located in an industrial park along the Blackstone River, sits on 0.65 acres. The building
Seaver Construction completes
tenant fit-up projects at 55 Walkers Brook
February 21, 2025
Reading, MA Seaver Construction completed several tenant fit-up projects at 55 Walkers Brook. The class A, multi-tenant building is owned by JOSS Realty and managed by Avison Young. The most recent fit-ups were completed on the fifth floor for international firm Mediterranean Shipping Corp. (MSC) and Nuvia Dental
A busy start to 2025: REFA brings exciting events to the CRE community
February 14, 2025
Boston, MA REFA is pleased to be supporting Breaktime and FamilyAid Boston as their Charitable Partners for the third year! Breaktime and FamilyAid are the designated charities of REFA’s signature events, including the Charitable Golf
Now we know...or not? - by Daniel Calano
February 14, 2025
Finally, the election is over, and the going-forward consequences of a new administration, good or bad, are known. Last month I wrote about what was likely, once the President, and his officials, staff, advisors, et al, entered office, and how his actions would impact real
N.H. and Vermont Chapter of the Appraisal Institute names White as the 2025 president
February 14, 2025
Dover, NH The New Hampshire and Vermont Chapter of the Appraisal Institute has named Brian White, MAI, SRA as the 2025 president of the chapter. The MAI designation is the highest commercial designation awarded by the Appraisal Institute who
Complexities of office building valuation - by John Nitz
February 14, 2025
Appraising office buildings has become more and more difficult in recent years. In years past, the valuation of office buildings involved employing the three approaches to value with specific attention typically given to the sales comparison approach and the income
JLL Capital Markets facilitates
loan for Prospect Union Sq.
February 14, 2025
Somerville, MA JLL Capital Markets has secured a refinancing for Prospect Union Sq., a newly constructed 450-unit residential property located in the Union Sq. neighborhood of the city. JLL represented the borrower, a joint venture between affiliates of Magellan Development Group
How to use Delaware statutory trusts and 1031 exchanges for diversification - by Dwight Kay
February 14, 2025
For those readers who are not familiar with DSTs: They are a legal real estate ownership structure that allows multiple investors to each hold an undivided beneficial interest in the trust. The term “beneficial interest” means that investors hold a percentage of the
Marcus & Millichap facilitates $10 million
sale and $3.25 million financing
February 14, 2025
Brookline, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, completed the sale and financing of Harvard Avenue Apartments, a 24-unit multifamily property.
Rockland Trust expands presence in MetroWest with Marlborough branch
February 14, 2025
Marlborough, MA Rockland Trust Bank has opened its newest branch, located at 160A Apex Dr. Strategically positioned between the bank’s Worcester and Boston suburban branches, the new location underscores Rockland Trust’s commitment to serving
Sidel of EagleBridge Capital arranges
$10.85 million refinancing for Hampton Inn
February 14, 2025
Auburn, MA EagleBridge Capital, has arranged mortgage refinancing in the amount of $10.85 million for the Hampton Inn. The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a national commercial