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Affordable Housing and Services Collaborative, Inc. begins work on 91-unit Columbia-Uphams housing p...
November 1, 2024
Dorchester, MA According to Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities, construction has begun on a 91-unit affordable family housing project on Columbia Ave.
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Trinity Financial breaks ground on Tremont Flats: A $56 million mixed-income housing development
November 1, 2024
Meriden, CT Trinity Financial, alongside federal, state and local leaders, broke ground on Tremont Flats, an adaptive reuse project that will transform the historic Aeolian Company complex at 85 Tremont St. into 82 mixed-income apartments.
NeighborWorks Housing Solutions awarded $20,000 grant from Dedham Savings Foundation
November 1, 2024
Brockton, MA NeighborWorks Housing Solutions, one of the leading housing service providers in southern Massachusetts, was named the recipient of a $20,000 grant from the Dedham Savings Community Foundation.
Jonathan Rose Companies and Schochet Companies
partner with Hebrew SeniorLife on Riverside Tower...
November 1, 2024
Medford, MA Jonathan Rose Companies and Schochet Companies were joined by Massachusetts state senator Patricia Jehlen, Massachusetts state representative Paul Donato, mayor Breanna Lungo-Koehn, vice president of multifamily programs at MassHousing Mark Teden, Massachusetts Field Office director for the U.S. Department of Housing and Urban Development Rhonda Siciliano,
O’Brien Commercial Properties handles 10,700 s/f in leases in Marlborough and Lancaster, Mass.
November 1, 2024
Marlborough, MA Black Diamond Solutions has signed a lease of office & flex space at 257 Simarano Dr. They will relocate headquarters from Northborough this month. Eric O’Brien and Andrew Goddard from O’Brien Commercial Properties Inc. brokered the transaction.
Boston Realty Advisors represents Audubon Road Associates in the sale of Shawomet Gardens
November 1, 2024
Somerset, MA Boston Realty Advisors (BRA) represented Audubon Road Associates in the sale of Shawomet Gardens, a community of 240 handsome garden residences. The sale price was not disclosed.
Investing in a falling rate environment - by Harrison Klein
November 1, 2024
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Mott & Chace Sotheby’s International Realty brokers $6.5 million sale in Little Compton, RI
November 1, 2024
Little Compton, RI Mott & Chace Sotheby’s International Realty completed the sale of 21 Atlantic Dr., for $6.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace Sotheby’s International Realty.
Bulfinch signs long-term lease with TIAA at 95 Mount Auburn St.
November 1, 2024
Cambridge, MA An affiliate of The Bulfinch Companies, Inc. (Bulfinch), a commercial real estate and investment firm, has signed a long-term lease extension with TIAA, The Teachers Insurance and Annuity Association of American-College Retirement Equities Fund at 95 Mount Auburn St.
Hovey joins JLL’s Capital Markets Investment Sales and Advisory team
November 1, 2024
Boston, MA JLL Capital Markets has hired Tom Hovey as director, joining the JLL Northeast Industrial Capital Markets Investment Sales and Advisory team.
Azora Exan acquires 149 Newbury St. from L3 Capital for $101 million
November 1, 2024
Boston, MA An affiliate of Miami-based Azora Exan has acquired 149 Newbury St. from the property’s developer, Chicago-based L3 Capital. The property sold for $101 million according to public record. The per s/f price of $2,321 for the five-story mixed-use property
Kelleher and Pentore of Horvath
& Tremblay broker $4.1 million sale
November 1, 2024
Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of a six-unit property. The desirable asset sold for $4,100,000 which represents a 5.58% Cap Rate and $683,333 per unit. Kelleher and Pentroe represented the seller, The Mount Vernon Company, in the transaction.
Skanska Integrated Solutions working as program manager for construction of Williams College Museum ...
November 1, 2024
Williamstown, MA According to Skanska, a leading global construction and development firm, its program management and consulting group, Skanska Integrated Solutions (SIS), is serving as the program manager for the construction of the Williams College Museum of Art. Situated on a 6.75-acre site, the new museum will be 76,800 s/f
November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Etha...
November 1, 2024
While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
Porta & Co. and The Boulos Co. broker Maine Clay Collaborative lease at 65 Hanover St.
November 1, 2024
Portland, ME Reveler Development in collaboration with Port Property, said that woman-owned, Maine Clay Collaborative has signed a 3,238 s/f seven-year lease for 65 Hanover St. This new clay studio further enhances the commercial offerings of Hanover Works, a residential and retail destination in the city’s West
East Brown Cow and ReVision Energy celebrate completion of 11-acre solar farm in Sidney
November 1, 2024
Sidney, ME East Brown Cow, in partnership with ReVision Energy, have completed an 11-acre solar array. The stand-alone parcel consists of 4,928 solar panels, which will offset 3,182,639 pounds of carbon dioxide annually. This is equivalent to the emissions created from more than four million
East Brown Cow and Malone Commercial Brokers lease 1,977 s/f to Warby Parker at 184 Middle St.
November 1, 2024
Portland, ME East Brown Cow and Malone Commercial Brokers said that nationally recognized eyewear retailer Warby Parker has officially signed a long-term lease at 184 Middle St. in the city’s Old Port. The 1,977 s/f space is located on the ground floor of the building and will be Warby Parker’s first retail
Reveler names Pettingill as director of human resources
November 1, 2024
Portland, ME Reveler Development has appointed Erika Pettingill as the company’s new director of human resources. Pettingill brings more than a decade of experience in human resources management, with a background in both the corporate and nonprofit sectors. Her knowledge in fostering positive work environments
Woodman joins Colliers' Portland office as brokerage associate
November 1, 2024
Portland, ME Abby Woodman has joined Colliers’ local office as a brokerage associate. Woodman brings extensive experience in commercial real estate, having worked as a licensed sales agent, brokerage assistant, and research specialist. Her diverse background, including office administration and client
Consigli Construction celebrates ceremonial ground
breaking of Northeastern University’s Roux ...
November 1, 2024
Portland, ME Consigli Construction Co., Inc. recently joined Northeastern University, local officials and project partners to celebrate the ceremonial groundbreaking of the Roux Institute’s new, permanent campus. Supported through investments from David and Barbara Roux and the Harold Alfond Foundation