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Acella Construction Corp. breaks ground on new 1,800 s/f activity center at North River Church
January 24, 2025
Pembroke, MA Acella Construction Corporation, a leader in construction management throughout greater Boston, celebrated the groundbreaking of North River Church’s new activity center, at 334 Old Oak St.
Integrity Modular Design and Construction completes state certification as a multifamily modular...
January 24, 2025
Worcester, MA Having recently completed state certification as a modular manufacturing facility, Integrity Modular Design and Construction (IM) is committed to taking on the challenges of providing cost-effective modular multifamily housing to New England and beyond.
Vantage Builders, Inc. completes
project for Mass General Brigham
January 24, 2025
Wellesley, MA Vantage Builders, Inc., a commercial contractor specializing in pre-construction, construction management and design-build services, has completed the fit-out of a new 4,500-s/f primary care center for Mass General Brigham, located at 981 Worcester St.
Federico & Quinn of Grove Property Group close on sale of $6.2 million South Boston portfolio
January 17, 2025
South Boston, MA Grove Property Group, led by John Federico and Ryan Quinn, completed the successful sale of a $6.2 million portfolio, further solidifying its role as a leader in off-market property sales. The portfolio includes an 8-unit building
Nominations for the 2025 Women in Construction Spotlight now open!
January 10, 2025
The 2025 Women in Construction Spotlight in the New England Real Estate Journal is set for release on February 28th, in honor of Women in Construction Week (March 2-8). This special issue will spotlight the incredible women and women-owned firms making a lasting impact across the A/E/C industry
Wingate Multifamily, LLC acquires Baker Chocolate Factory
January 10, 2025
Boston, MA Wingate Multifamily, LLC, an affiliate of Wingate Companies of Newton, MA has acquired Baker Chocolate Factory to its portfolio. The Company acquired the 133-unit apartment community on December 18th,
Real Estate Finance Association names board of directors
January 17, 2025
Boston, MA The Real Estate Finance Association (REFA) has named its board of directors for 2025: Jill Sharif, vice president-national business development, Commonwealth Land Title Insurance Company – National Commercial Services, will serve as president, along with president-elect John Roach,
Housing …hidden in plain sight - by Daniel Calano
January 17, 2025
I was walking quickly to a downtown hospital the other day, in panic mode, so as not to miss a long planned doctor’s appointment. I reached the hospital, and while the main desk person “helped” by saying “go down this hall, take your first right, go to end, just before a left elevator bank, up to 4th floor,” etc, etc.,
2025 Connecticut Chapter of the Appraisal Institute update: New year – New opportunities!
January 17, 2025
On December 16, 2024 the Connecticut Chapter held its annual holiday party/installation of officers and directors. The 2025 slate of officers and directors were installed by National 2024 vice president Michael Mignogna, MAI, SRA at Verdi Restaurant, Waterbury, CT.
JLL closes sale and financing of seniors housing portfolio for Harrison Street and Brightview Senior...
January 17, 2025
Boston, MA JLL’s Capital Markets group announced today that it has completed the sale and financing of an eight-property seniors housing portfolio totaling 1,186 units within four major metropolitan areas in the Mid-Atlantic and Northeast.
MassDevelopment issues $43.68 million tax-exempt bond on behalf of Middlesex School for new 80,000 s...
January 17, 2025
Concord, MA MassDevelopment has issued a $43.68 million tax-exempt bond on behalf of Middlesex School, an independent secondary school for boarding and day students in grades 9-12. The school will use proceeds to build a new 80,000 s/f field house building featuring multi-purpose practice courts,
Pyramid Management secures loan extension for Holyoke Mall
January 17, 2025
Holyoke, MA Pyramid Management Group, one of the largest, most innovative, privately-held shopping center developers in the Northeast, has worked with its lender to secure a three-year extension for the loan on Holyoke Mall at Ingleside. This extension will allow Pyramid to continue to reinvest in the property
Washington Trust provided financing to Rhode Island Hispanic Chamber of Commerce
January 17, 2025
Providence, RI Washington Trust provided $800,000 in financing to the Rhode Island Hispanic Chamber of Commerce for the purchase of property located at 359 Broad St., to be used as the chamber’s new headquarters.
Rockland Trust appoints Mason as leader for the non-profit banking division
January 17, 2025
Peabody, MA Rockland Trust has appointed Brian Mason as senior vice president, team leader for the bank’s growing non-profit banking team. In this newly created role, Mason will oversee a division of commercial bankers committed to developing customized financial solutions for non-profit organizations throughout New England.
Seven Hills Realty Trust closes $45m bridge loan for hotel acquisition
January 17, 2025
Boston, MA Seven Hills Realty Trust (SEVN) has closed a $45 million first mortgage floating rate bridge loan to finance the acquisition of Club Quarters Hotel, a 178-room hotel located at 161 Devonshire St.
Cronheim Mortgage secures $9 million refinancing for two National Realty & Development Corp. shoppin...
January 17, 2025
Derby, VT Cronheim Mortgage has secured $9 million for the refinancing of two shopping centers: Shaw’s Plaza in Derby, VT and Kohl’s Plaza in Wallingford, CT. Brandon Szwalbenst, Dev Morris, and Andrew Stewart collaborated to secure financing on behalf of National Realty & Development Corp.,
Quonset Business Park celebrates record-breaking year in 2024 - by Steven J. King
January 17, 2025
Quonset Business Park, located in North Kingstown, R.I., is consistently ranked among the nation’s top business parks. Home to 252 companies and more than 14,800 jobs, Quonset is the region’s leading engine for economic development and job growth.
Compass’ Greene and Ladd sell 7,000 s/f 137 Grotto Ave.
January 17, 2025
Providence, RI Compass brokered the sale of 137 Grotto Ave. for $3.65 million. Kira Greene, founding agent of Compass Providence, and Debby Ladd of Compass’ Little Compton office represented the seller in this transaction.
Conservation Law Foundation and Mass. Housing Investment Corp. approve investment for Peyser R.E. Gr...
January 17, 2025
Pawtucket, RI Conservation Law Foundation (CLF) and Massachusetts Housing Investment Corp. (MHIC) finalized an equity investment for Peyser Real Estate Group to develop Dexter Street Commons, a mixed-use development. The project includes the creation of 150
East Providence invests ARPA funds in priority areas - by Roberto DaSilva
January 17, 2025
In 2021, with the nation reeling from much of the economy shutting down due to the COVID-19 pandemic, the federal government implemented the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program, which was authorized by the American Rescue Plan Act (ARPA).