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Industrial Outdoor Storage: The saga begins - by David Skinner
August 30, 2024
Over the last 10 years, the industrial sector of real estate has undergone growing pains that have elevated its status to that of the other investment classes of real estate such as multifamily and CBD office. I have written nauseatingly often about the particular drivers here at the New England Real Estate Journal since 2018
The southern New Hampshire industrial market - Potential start of a new market cycle in 2025 - by M...
August 30, 2024
I’m reflecting back on my NEREJ article of August 2023 to provide an update on the Southern New Hampshire industrial market as compared to a year ago. As speculated in last year’s article, the anticipated pivot from low vacancy and rising rates has occurred and the industrial market is now experiencing,
Three of Weston & Sampson’s team members designated as Certified Planners by the American Institut...
August 30, 2024
Reading, MA According to Weston & Sampson, three of its planning team members have earned their designation as Certified Planners (AICP) by the American Institute of Certified Planners. AICP is an independent verification of a planner’s qualifications, ethics, and professional conduct.
Project of the Month: SV Design and Windover Construction complete Harborlight Homes’ affordable h...
August 30, 2024
Wenham, MA SV Design, an award-winning architecture and interior design firm, and Windover Construction, a leading full-service construction management firm, recently completed Harborlight Homes’ Maple Woods project.
Freudenheim Partners relocates Social Innovation Forum to 77 Franklin St.
August 30, 2024
Boston, MA Freudenheim Partners has completed the relocation of Social Innovation Forum to its new office at 77 Franklin St. in downtown. The Social Innovation Forum connects funders and nonprofits focused on growing impact to create positive social change in Eastern Massachusetts.
Gray, Gray, & Gray, LLP named one of the country’s Top 200 accounting firms by INSIDE Public Accou...
August 30, 2024
Canton, MA Gray, Gray, & Gray, LLP, a certified public accounting and business advisory firm, has been named one of the country’s Top 200 accounting firms by INSIDE Public Accounting magazine. The publication ranked Gray, Gray & Gray as the 144th largest accounting firm in the U.S.
MassDevelopment issues $6m tax-exempt bond on behalf of Springfield Day Nursery to purchase 947 Main...
August 30, 2024
Springfield, MA MassDevelopment has issued a $6 million tax-exempt bond on behalf of Springfield Day Nursery Corp., which does business as Square One, to help the organization buy a 1.53-acre parcel at 947 Main St., where it will build a 26,000 s/f early-education center.
Suffolk hosts Girl Scouts of Eastern MA for a day of inspiration and learning
August 30, 2024
Boston, MA Suffolk, one of the largest and most innovative real estate and construction enterprises in the country, hosted 16 Girl Scouts at Suffolk’s headquarters for a day of learning about the fascinating world of construction and the importance of female representation in the industry.
Salem celebrates PLA for construction
of $300 million maritime terminal
August 30, 2024
Salem, MA Workers, community members, and elected officials gathered this week to celebrate the historic signing of a new Project Labor Agreement (PLA) for the construction of a $300 million maritime terminal. Upon completion, the terminal will serve as the marshaling yard
Fuss & O’Neill acquires Bayside Engineering
August 30, 2024
Boston, MA Civil and environmental engineering firm Fuss & O’Neill has completed the acquisition of Bayside Engineering. This strategic investment establishes a fourth Massachusetts office for the firm and increases Fuss & O’Neill’s service offerings in the metro-Boston area.
Klein of Marcus & Millichap arranges $2.85 million sale of 52,000 s/f industrial space
August 30, 2024
Holliston, MA Marcus & Millichap completed the sale of a 52,000 s/f vacant industrial building. The property sold for $2.85 million. Klein had the exclusive listing to market the property on behalf of the seller, a private investor, and procured the buyer, 561 Main Street Best, LLC.
Keogh and Brissette of NAI Glickman Kovago & Jacobs handle $3.15m sale of 19,000 s/f in Worcester
August 30, 2024
Worcester, MA Hampton Properties, LLC has sold its 19,000 s/f specialty property to Baystate Savings Bank. NAI Glickman Kovago & Jacobs (NAIGKJ) vice presidents, James Keogh and Alexis Brissette, represented the seller. The sale closed on August 14, 2024, for $3.15 million,
Colliers completes $22.237 million sale
of 1700 Asylum Ave. in West Hartford
August 30, 2024
West Hartford, CT Colliers has completed the sale of 1700 Asylum Ave. John Cafasso from the local office represented the seller, Domenic Carpionato of West Hartford 1, LLC and was the sole broker involved in the transaction. The transaction, for $22.237 million, closed on August 19, 2024,
Glaskin and Leppo of Coldwell Banker Commercial
Realty broker $6.2 million sale of 1093 Beacon S...
August 30, 2024
Brookline, MA Todd Glaskin and Gregg Leppo of Coldwell Banker Commercial Realty completed the $6.2 million sale of 1093 Beacon St., a 14,000 s/f office building in one of Greater Boston’s premier locations, positioned at a stop on the MBTA Green Line and surrounded by high-end residential homes.
SR Commercial Realty leases first floor of mixed-use building
August 23, 2024
Torrington, CT Paul Bongiorni of SR Commercial Realty leased the commercial space at Pennrose’s new Torrington Riverfront redevelopment. The first floor unit will be home to Perk and Paws Cat Cafe, where patrons can drink coffee around cats that are available for adoption. It will be one of the first cat cafe concepts in Connecticut, and the first in Litchfield County.
Union Savings Bank Foundation awards $300,000 to 31 local organizations
August 23, 2024
Danbury, CT The Union Savings Bank (USB) Foundation recently awarded $300,000 in funding to 31 local organizations in Connecticut as part of the 158-year-old community bank’s ongoing effort to give back to those it serves.
CCIM Connecticut Chapter awards scholarships and plan to host CI 104 in September
August 23, 2024
Guilford, CT The Connecticut Chapter of CCIM has awarded three scholarships to real estate professionals across the state. Nick Leone of Sentry Commercial was awarded the Stan Gniazdowski/Carl Russell Named Education Scholarship.
Connecticut/Western Mass. SIOR releases semi-annual chapter market survey
August 23, 2024
Hartford, CT The Connecticut/ Western Massachusetts chapter of SIOR released the results of its semi-annual membership survey of commercial real estate market conditions. The survey is based on market activity for the period January 2024 through June 2024 within Connecticut and western Massachusetts.
Cushman & Wakefield completes sale of 189-unit apartment community
August 23, 2024
Darien, CT Cushman & Wakefield has arranged the sale of Avalon Darien, a 189-unit class A luxury townhome-style apartment community located at 137 Hollow Tree Ridge Rd. Cushman & Wakefield’s Niko Nicolaou, Ryan Dowd, Matthew Torrance, Al Mirin and JP Hohl, in coordination with RePropCo’s Brian Whitmer, represented the seller, AvalonBay Communities, and procured the buyer.
Choyce Peterson sells 4,200 s/f office space to Ricks Main Roofing
August 23, 2024
Norwalk, CT 8-10 Byington Pl. was once a location for a law practice being situated across the street from the Norwalk Courthouse, but the courthouse never reopened following its COVID-related closure in early 2020. Meanwhile, the Wall St./West Ave. neighborhood has seen significant development, with more in the pipeline.