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Project REAP appoints Nash Laird as new executive director
October 25, 2024
Boston, MA Project REAP (Real Estate Associate Program) has appointed Taneshia Nash Laird, as the organization’s new executive director. Founded in 1998, REAP employs education, mentorships and corporate partnerships to amplify inclusivity and impact in the commercial real estate (CRE) industry
Gray, Gray & Gray, LLP participates in the 20th annual Canton Road Race - donates $1,000 to charitab...
October 25, 2024
Canton, MA A team of runners from Gray, Gray & Gray, LLP, a consulting, accounting and business advisory firm, participated in the 20th annual Canton Road Race on Sunday, September 29, 2024.
Top ten 1031 tax-deferred exchange questions - by Brendan Greene
October 25, 2024
1. What is a 1031 tax-deferred exchange?A 1031 tax-deferred exchange is a method allowed by Internal Revenue Code (IRC) §1031, whereby an owner of certain investment or business property may defer paying capital gains taxes
R.W. Holmes facilitated 6,614 s/f lease for Neo Virtus Engineering at 305 Foster St., Littleton, MA
October 25, 2024
Littleton, MA R.W. Holmes has facilitated a 6,614 s/f flex lease for Neo Virtus Engineering at 305 Foster St. Bradley Sampson, associate at R.W. Holmes, represented Neo Virtus Engineering as the tenant. The landlord, Apex Properties,
Marcus & Millichap brokers $3.995m multifamily portfolio sale
October 25, 2024
Boston, MA Marcus & Millichap completed the sale of the Fuller St. portfolio, a 12-unit multifamily portfolio in the Dorchester neighborhood, for $3.995 million. The portfolio, located at 46-48 and 301-305 Fuller St., is comprised of two six-unit buildings and a vacant buildable lot.
The Davis Companies arranges 32,493 s/f industrial lease at Upton Crossing
October 25, 2024
Wilmington, MA The Davis Companies (Davis) has entered into a 10-year lease agreement with a confidential snack food company at Upton Crossing, a newly developed industrial campus located at 38 Upton Dr. The company will occupy 32,493 s/f of industrial space beginning in Q1 of 2025.
Aho Properties sells 9.63 acres for $4.2 million
October 25, 2024
Westborough, MA Joel Aho, president of Aho Properties, LLC, represented the buyer in the purchase of 161 Milk St. and 220 Turnpike Rd. The two parcels combined total 9.63 acres
North Shore Realty Advisors, Inc. handles $7.85 million portfolio sale - purchased by Zanzibar Capit...
October 25, 2024
Everett, MA North Shore Realty Advisors Inc. has completed the sale of a 27-unit portfolio purchased by Zanzibar Capital and sold by United Properties for the total sale price of $7.85 million.
O’Brien and DeWolfe of Greater Boston Commercial Properties handle $1.5 million sale
October 25, 2024
Franklin, MA Bret O’Brien and Tyler DeWolfe of Greater Boston Commercial Properties, Inc. represented the seller. The five-acre site included the 100,000 s/f Franklin Mill Complex, which consisted of five buildings
Freudenheim Partners and Newmark facilitate 9,271 s/f lease for Berklee at 699 Boylston St.
October 25, 2024
Boston, MA Freudenheim Partners has facilitated a lease on behalf of Berklee. The renowned institution has secured a retail and office space spanning 9,271 s/f at 699 Boylston St., located in Back Bay. This street-level space, formerly occupied by TB12, features first-floor
VMD Companies, LLC sells 93,100 s/f industrial
property for $17.3 million to Seyon Group
October 25, 2024
Avon, MA VMD Companies, LLC has sold 40 Strafello Dr., a 93,100 s/f industrial building on 6.23 acres in Avon Industrial Park, for $17.3 million. At a time in the market when commercial buildings, many with significant vacancy in the wake of the pandemic, are selling for less than they were purchased for only a few years ago,
Nominate someone for the 2024 NEREJ Ones to Watch Industry Leaders Spotlight!
October 18, 2024
We are now accepting nominations for the highly anticipated 2024 Ones to Watch INDUSTRY LEADERS Spotlight, set to publish on November 29th in the New England Real Estate Journal.
Cove Capital Investments complete the acquisition of a high-quality multifamily asset
October 18, 2024
San Antonio, TX Cove Capital Investments, LLC, a Delaware Statutory Trust sponsor company, has completed the purchase of The Peanut Factory Lofts, a dynamic multifamily asset. The acquisition will establish the Cove Capital
Shawmut Design and Construction
celebrates opening of new office
October 18, 2024
Worcester, MA Shawmut Design and Construction, a $1.6 billion national construction management firm, celebrated the ceremonial opening of its new Worcester office, an expansion of its commitment to the future of construction
Institutional Property Advisors brokers sale of 99-unit multifamily
October 18, 2024
Shelton, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of Huntington Townhomes, a 99-unit multifamily asset. “Townhome living has become an extremely desirable, resilient, and underserved segment of the multifamily market,” said Victor Nolletti, IPA executive managing director investments.
CT CCIM Chapter hosts Site To Do Business workshop October 24
October 18, 2024
East Hartford, CT The Connecticut CCIM Chapter is hosting a workshop on the Site To Do Business Analyst and its application for commercial real estate. The workshop will take place on Thursday, October 24 from 9:00 a.m. to 5:00 p.m. at Goodwin University. The instructor is Stanley Gniazdowski, CCIM, CRE and president of CCIM Technologies.
Shea of Stormfield Capital earns CCIM designation
October 18, 2024
Southport, CT The CCIM Connecticut Chapter is pleased to announce that Kyle Shea, vice president of Stormfield Capital, was awarded the Certified Commercial Investment Member (CCIM) designation by The CCIM Institute, the leading commercial real estate association in the world. The designation was awarded in September at The CCIM Institute’s Governance Meetings in Houston, TX.
Arsen’s Gym signs 9,000 s/f facility lease with Simone Development
October 18, 2024
Stamford, CT Simone Development Companies has arranged for Arsen’s Gym to sign a new, long-term lease for a 9,000 s/f fitness facility at 316 Courtland Ave. The new gym is Arsen’s sixth location and will feature a range of equipment, including cardio machines, boxing bags, free weights, and cable machines.
Press|Cuozzo facilitates sale of industrial building for $800,000
October 18, 2024
Hamden, CT Stephen Press, SIOR, of Press|Cuozzo has completed the sale of 5 Hamden Park Drive, consisting of a 11,350 s/f industrial building set on 1.15 acres in the Hamden Business Park.
Pearce Real Estate unveils top producers for Q3 2024
October 18, 2024
North Haven, CT According to Barbara Pearce, chair and CEO of Pearce Real Estate, the company has selected the top producers for the third quarter of 2024. “We are celebrating each agent for achieving success in a market that has been anything but easy, said Pearce. “Their dedication and professionalism is a remarkable example of what it means to be a top-tier agent.