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Girolamo of Horvath & Tremblay handles
$2.36 million 11-unit rooming house sale
October 4, 2024
Salem, MA Stephen Girolamo of Horvath & Tremblay has arranged the sale of a rooming house consisting of 11 units located at 2-4 Howard St. Girolamo exclusively represented the seller to close the property at a sale price of $2.36 million
NAI Glickman Kovago & Jacobs brokers $11.2 million sale of 124,400 s/f property
October 4, 2024
Webster, MA UGPG RE Webster Delaware LLC has sold its 124,400 s/f industrial building on 10 acres at 1 Cudworth Rd. for $11.2 million. The property was sold to Dana Transport Inc.
Westerberg of Marcus & Millichap closes
$19 million portfolio sale in Fairfield County
October 4, 2024
Greenwich, CT Marcus & Millichap has completed the sale of the Nolan Thomas Portfolio, a four-building, 47,256 s/f mixed-use portfolio. The properties sold for $19 million. Stephen Westerberg of Marcus & Millichap’s Manhattan office, who represented the seller,
CAI files lawsuit to exempt community associations from Federal Corporate Transparency Act
October 4, 2024
Community Associations Institute (CAI), the leading international authority on the community association housing model; including condominium associations, homeowners associations, and housing cooperatives, filed a lawsuit against the United States Department of the Treasury in the U.S. District Court for the Eastern District of Virginia
IREM President’s message: Fostering diversity and inclusion in multi-family housing
October 4, 2024
Increased diversity and inclusion in multi-family housing play a crucial role in the industry, impacting both the community and the overall success of housing projects. Enhancing community cohesion and promoting social integration lie at the top of the many reasons that diversity and inclusion should be a priority.
BOMA Boston update – BOMA networking, education classes and the TOBY & Industry Awards
October 4, 2024
Boston, MA BOMA Boston will host a Connect with BOMA Breakfast Tuesday, October 8th, 2024, at Chrome Gym (1 Center Plaza, Boston) 9:00 - 10:30 a.m. The Connect with BOMA Breakfast is designed for current, new, and prospective members to learn more about committee involvement, networking opportunities, BOMI Course offerings,
BOND’s Peer appointed to executive committee of International District Energy Association
October 4, 2024
Boston, MA According to BOND Building Construction, Tim Peer, P.E., vice president of district energy, was appointed to the International District Energy Association (IDEA) executive committee as second vice chair at the 115th Annual IDEA Conference, IDEA2024, in Orlando, Fla.
Stone Mill Lofts opens to residents as one of the first all-electric apartment communities in Mass.
October 4, 2024
Lawrence, MA WinnCompanies joined with federal, state and local officials to open one of the first all-electric mixed-income multifamily properties in Massachusetts, cutting the ribbon on a $39.2 million adaptive reuse development that transformed the oldest mills in the city, into 86 units of rental housing.
Breton and DuRoss named co-CEO’s at LCB Senior Living
October 4, 2024
Norwood, MA According to LCB Senior Living, LLC, CEO Michael Stoller will be stepping down effective October 1 and that current chief investment officer Danielle Breton and chief operating officer Timothy DuRoss have been named co-CEO’s moving forward. Stoller will remain active in the company as chairman of its board.
The HYM Investment Group, National Real Estate Advisors, Cathexis and Ullico celebrate opening of Am...
October 4, 2024
Revere, MA The HYM Investment Group (HYM), alongside leaders from National Real Estate Advisors (National), Cathexis, Ullico, and the city of Revere celebrated the grand opening of Amaya, the first residential building to deliver at Suffolk Downs.
Torrington Properties hires Recine as general manager of commercial real estate portfolio
October 4, 2024
Boston, MA Torrington Properties (Torrington), a diversified commercial real estate development, investment and property management company with corporate offices in Boston, and Portsmouth, N.H., has hired Jordan Recine
The Peabody Companies names Devane as facilities manager
October 4, 2024
Braintree, MA The Peabody Companies has named John Devane as facilities manager/capital planning & NSPIRE. Working closely with the facilities director, in his role Devane oversees the planning and execution of capital projects across a diverse portfolio of properties. He is responsible for managing all phases of projects
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein an...
October 4, 2024
For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
Camber Development and Wheelock Street Capital
complete Phase 1 of 44 Middlesex manufacturing cam...
October 4, 2024
Bedford, MA According to Newmark, on behalf of ownership, Camber Development and Wheelock Street Capital, Phase 1 at 44 Middlesex – a new advanced manufacturing campus – is now complete. In completing Phase I of the project, ownership marks the delivery of the first of two, 147,000 s/f,
October is National Disability Employment Awareness Month
October 4, 2024
Boston, MA October is National Disability Employment Awareness Month (NDEAM), which commemorates the many ways people with disabilities contribute to America’s workplaces as well as the economy. The theme for NDEAM 2024 is “Access to Good Jobs for All.” The American Association of Automatic Door Manufacturers (AAADM) supports this mission, in October and all year long.
B’nai B’rith Housing breaks ground at 1201 River St. in Hyde Park
October 4, 2024
Hyde Park, MA A groundbreaking and beam-signing was held at 1201 River St., a 63-unit B’nai B’rith Housing development for senior residents on September 26th.
citizenM opens largest hotel property to date in Back Bay
October 4, 2024
Boston, MA citizenM, the pioneer of affordable luxury hotels, is celebrating the opening of its second property in the city – citizen Boston Back Bay. The newest addition to the portfolio is located in the city’s historic Back Bay neighborhood, part of the mixed-use development, Lyrik, and designed by citizenM’s long-standing architecture partner concrete Amsterdam.
Toll Brothers opens new 55+ active-adult community at The Pinehills, Plymouth, MA
October 4, 2024
Plymouth, MA Toll Brothers, Inc. has opened its newest 55+ active-adult community, Toll Brothers at The Pinehills - Owls Nest - Regency Collection. This enclave of only 44 single-family homes offers low-maintenance living and onsite amenities exclusively for Owls Nest residents,
TruAmerica expands local market portfolio with Billerica acquisition
October 4, 2024
Billerica, MA TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, acquired the Villas at Old Concord, a 324-unit, apartment community. The acquisition marks TruAmerica’s fifth investment in the Boston MSA.
Petruzziello Properties breaks ground on The Block at 22 Everett St.
October 4, 2024
Westwood, MA Petruzziello Properties, a subsidiary of Supreme Development, is breaking ground for their newest project, The Block at 22 Everett St. This multi-unit mixed-use development will include 160 residential units, of which 24 units will be affordable housing units, 12,000 s/f of commercial/retail space as well as walking trails, sports courts, and outdoor gathering spaces.