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SIOR NE chapter holds joint summer event with CCIM NE
August 9, 2024
Boston, MA The SIOR New England Chapter held its annual summer joint event with the New England Chapter of CCIM on July 23rd. The cocktail evening event was held at the Intercontinental Hotel and 50-60 SIOR, CCIM, guests and sponsors were in attendance, The event went from 6pm to 9pm
Weller and Aitken of Avison Young handle 20,137 s/f lease to eShare
August 9, 2024
Waltham, MA Avison Young has arranged a new sublease for eShare, a leading information security provider, on the second floor at 920 Winter St. The new headquarters will span 20,137 s/f, a substantial increase from eShare’s current 4,000 s/f office.
Cruz Companies sells Taurus at Fountain Hill to Jonathan Rose Companies for $22.5 million
August 9, 2024
Roxbury, MA Cruz Companies has completed its $22.5 million sale of Taurus at Fountain Hill, an apartment complex, to national real estate leader Jonathan Rose Companies and partner Schochet Companies – ensuring the long-term preservation of this 73-unit property as affordable housing.
Aho Properties sells flex property
for $1.7 million
August 9, 2024
Westford, MA Joel Aho, president of Aho Properties, represented Brickyard Inc. in the purchase of an 11,429 s/f flex property at 487 Groton Rd. for $1.7 million. The property was fully leased at the time of the sale. Jeff White from Aries Commercial Properties represented
Burwick and Whittredge of NAI Glickman Kovago & Jacobs handle $345,000 sale
August 9, 2024
Fitchburg, MA NAI Glickman Kovago & Jacobs has sold a retail property located at 401 Summer St. The sale was executed on July 17th, for $345,000. The property will be redeveloped from a pawn shop into a convenience store.
ProTom International signs 11,000 s/f
lease with Cummings Properties
August 9, 2024
Woburn, MA ProTom International has moved its medtech manufacturing operation to an 11,000 s/f facility. The firm relocated from North Reading to Cummings Properties’ Gill St. technology campus. Founded in 2008, ProTom International seeks to transform cancer treatment with the Radiance 330
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Foncellino Team of Coldwell Banker Commercial leases 1,500 s/f to Boys & Girls Club of Northern RI
August 9, 2024
Cumberland, RI Foncellino Team of Coldwell Banker Commercial listed and leased a 1,500 s/f executive office at 1985 Mendon Rd. for ARS Holdings LLC to Boys & Girls Club of Northern R.I. The space is located on the first floor.
Horvath, Tremblay and Huntley of Horvath & Tremblay broker $2.425 million sale of Lafayette Road Pla...
August 9, 2024
Hampton, NH Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have completed the sale of the Lafayette Road Plaza. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2.425 million.
The Stubblebine Company/CORFAC International arranges $3.125 million sale of 35,684 s/f building to ...
August 9, 2024
Nashua, NH The Stubblebine Company/CORFAC International arranged the sale of 547 Amherst St., a 35,684 s/f office building to 1A Auto, Inc. for $3.125 million. David and James Stubblebine, principals, and Aaron Smith, advisor at The Stubblebine Company, represented 1A Auto
Seaver Construction completes 18,000 s/f
lab at ZwitterCo Innovation Center
August 9, 2024
Woburn, MA Seaver Construction has completed construction at ZwitterCo’s new Innovation Center at 12 Cabot Rd. Work included an 18,000 s/f design/build prototyping lab build-out completed with design partners Ebbrell Architecture + Design and RMF Engineers.
Brazeau and Hayes of Hayes & Sherry handle
$2 million sale for Southcoast Development
August 9, 2024
New Bedford, MA A unique corner property featuring four buildings has been sold by Hayes & Sherry, a Cushman & Wakefield alliance member, on behalf of its client Southcoast Development. The $2 million deal was brokered by Derek Brazeau and Pete Hayes, and closed in July.
Real Estate Finance Association hosts charitable golf and tennis tournament on July 29th at Woodland...
August 9, 2024
Boston, MA REFA hosted its 2024 charitable golf and tennis tournament on Monday, July 29th. In rain and sun, 124 golfers and 13 tennis players gathered for an exciting afternoon at Woodland Golf Club that included a golf tournament, tennis tournament
Rockland Trust appoints Reilly as vice president
August 9, 2024
Methuen, MA Rockland Trust has appointed Chris Reilly as vice president and commercial banking officer for the bank’s growing North of Boston team. In this role, Reilly will build relationships with mid-size companies across Northern Massachusetts and Southern New Hampshire.
Cronheim Mortgage secures $5.5 million permanent financing for Fairfield Shopping Center
August 16, 2024
Fairfield, CT Cronheim Mortgage has secured $5.5 million for the refinancing of the Fairfield Shopping Center, a 72,000 s/f neighborhood retail property. Andrew Stewart, Dev Morris, and Allison Villamagna placed the financing with a portfolio lender on behalf of Albert D. Phelps, Inc.
Colliers arranges $11 million in financing for Tremont Asset Management LLC
August 9, 2024
Boston, MA Colliers has arranged $11 million in financing for two multifamily properties on behalf of Tremont Asset Management, LLC, a real estate investment and management company that with affiliates has a portfolio of over 3,500 class A apartments
The Village Bank awards 18 scholarships to Class of 2024 students
August 9, 2024
Newton, MA According to Joseph A. De Vito, president and CEO of The Village Bank, the Auburndale Community Charitable Foundation has awarded scholarships totaling $52,000 to 18 local students.
MassDevelopment issues $5.928m tax-exempt bond on behalf of Walnut Street Center, Inc.
August 16, 2024
Bedford, MA MassDevelopment has issued a $5.928 million tax-exempt bond on behalf of Walnut Street Center, Inc. and its affiliate Community Alternative Residential Environments, Inc. The organizations will use bond proceeds to buy and renovate 4-6 Alfred Circle, a 17,500 s/f building
Cela Development secures $6.34 million in financing from Rockland Trust for construction of a mixed-...
August 16, 2024
Weymouth, MA Cela Development Inc. has secured $6.34 million in financing from Rockland Trust for the construction of a mixed-use property on Bridge St. The property spans three floors totaling 31,000 s/f with the ground level designated for retail space.
It’s a confusing real estate world: Don’t you think? - by Daniel Calano
August 9, 2024
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
Life estates and an approach to valuation in 2024 - by Marc Nadeau
August 9, 2024
Inherent in the fee simple ownership of real estate is something that is commonly referred to as the “Bundle of Rights.” The Bundle of rights is in effect the exclusive right, use and disposition of the property that belong to the property owner.