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Hines of Horvath & Tremblay sells
110-unit multifamily for $5.36m
July 19, 2024
Hartford, CT Tim Hines of Horvath & Tremblay has arranged the sale of a 110-unit multifamily portfolio. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.36 million. The multifamily portfolio is comprised of seven properties
Nahigian of Auburndale Realty assists landlord in 33,600 s/f lease
July 19, 2024
Ayer, MA Rob Nahigian, FRICS, SIOR, CRE, MCR, of Auburndale Realty Co. has completed the lease renewal of 33,600 s/f of industrial space at the Groton Ayer LLC facility, 95A Fitchburg Rd. The space was leased by Elliott Auto Supply Co. Inc. dba Factory Motor Parts of Eagan MN.
WAC closes $200,000 commercial loan for fix and flip construction project
July 19, 2024
Stamford, CT Worth Avenue Capital, LLC (WAC) has closed a $200,000 commercial loan for a boutique construction company. The loan proceeds were used towards the purchase and renovation of a single-family house in which the borrower will be undertaking a fix and flip project on this property.
New England closes Q1 2024 with 134 projects and 15,492 rooms in its hotel construction pipeline - b...
July 19, 2024
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total New England hotel construction pipeline at the end of the first quarter stands at 134 projects/15,492 rooms. New construction project counts in the region are up 17% by projects and 21% by rooms year-over-year (YOY),
RXR arranges three leases at Atlantic Station totaling 40,000 s/f
July 19, 2024
Stamford, CT Real estate owner and operator RXR inked three new leases totaling 40,000 s/f at Atlantic Station. Located within the base of the luxury multi-tower project, the new retailers will provide dining, entertainment and shopping opportunities for both residents and the broader community.
WinnCompanies acquires 84 units to
launch $18.7m rehab renovation
July 19, 2024
Hartford, CT WinnCompanies, a national owner, developer, and manager of high-impact apartment communities, has acquired 84 apartments grouped within 10 three-story, residential buildings in Clay Arsenal, the oldest neighborhood in Connecticut.
Saugatuck Commercial Real Estate brokers 2,368 s/f three-year lease extension for Second Foundation ...
July 19, 2024
Westport, CT Saugatuck Commercial Real Estate (SCRE) has arranged for the existing tenant, Second Foundation Partners, to sign a three-year lease extension for 2,368 s/f of office space on the second floor at 1835 Post Rd. East.
Navigating unique urban planning with local governments in Boston and beyond - by Harry Wheeler
July 19, 2024
In recent years, the architecture, design, and construction industry has faced unprecedented challenges in bringing projects to life, ranging from rising construction and material costs to supply chain delays. When it comes to working in urban environments, planning and coordinating with local governments adds a layer of complexity.
Bergen joins AEW Investor Relations as senior client relationship manager
July 19, 2024
Boston,MA According to AEW Capital Management (AEW), Katie Bergen has joined the firm’s Investor Relations group as a senior client relationship manager. In her role, Bergen will be responsible for capital formation, client service and broader firm initiatives with AEW’s 25-member global Investor Relations team.
Hinckley Allen welcomes real estate partners Mitchell and D’Aprile
July 19, 2024
Hartford, CT Hinckley Allen welcomes Thomas Mitchell and Daniel D’Aprile, Jr. as partners in its real estate practice group. Attorneys Mitchell and D’Aprile are key strategic additions that enhance the firm’s commercial real estate financing capabilities. They were previously partners at McElroy Deutsch, and will join the firm in the Hartford office.
Choyce Peterson inks 9,992 s/f
office lease for O&G Industries
July 19, 2024
Wallingford, CT Choyce Peterson, Inc., a full-service commercial real estate brokerage and consulting firm, has completed lease negotiations on behalf of O&G Industries, a privately-held construction firm, for a new 9,992 s/f office at 900 Northrop Rd.
JLL Capital Markets closes $165m construction
financing for phase II of The Corbin District
July 19, 2024
Darien, CT JLL has closed on $165 million in construction financing for phase II of The Corbin District, a six-acre mixed-use development redefining downtown. JLL Capital Markets represented the sponsor, locally-based Baywater Properties, to secure a $102 million construction loan from Barings and $63 million in C-PACE financing from Counterpointe SRE.
Aho Properties sells Avon, MA industrial property for $2.5 million
July 19, 2024
Avon, MA Joel Aho, president of Aho Properties, represented ownership in the sale of a 2.12-acre industrial site at 75 Bodwell St. for $2.5 million. The buyer, Bay Crane, was represented by Warren Brown
Triglione of Nordlund Associates represents
Jelise, LLC in $1.05 million sale
July 19, 2024
Newburyport, MA Anthony Triglione, of Nordlund Associates, represented the property owner, Jelise, LLC in the sale of 65 Parker St., Unit 5. The 7,630 s/f flex industrial condominium is located in the Seaport Business Park adjacent to Rte. 1 and the MBTA Commuter Rail Station
Aron of Metrowest Commercial Real Estate handles new 17,774 s/f long-term lease to The Massachusett...
July 19, 2024
Natick, MA The Massachusetts Parole Board has entered into a new long-term lease agreement after Metrowest Commercial Real Estate’s proposal was selected from a sealed Request For Proposal (RFP). The proposal was for its current location at 12 Mercer Rd.
Hughes of New Dover Associates represents
buyer in $2.7 million sale
July 19, 2024
Natick, MA Scott Hughes, president of New Dover Associates, Inc. represented the seller, Eastbound Realty Trust, and procured the buyer, Speen Street Realty LLC, in the sale of 83 and 89 Speen St., for the purchase price of $2.7 million.
Malone Commercial Brokers hires Malone as sales agent and Then as summer intern
July 19, 2024
Portland, ME Malone Commercial Brokers (MCB) has named Nick Malone as a sales agent and Max Then as a summer intern to their team. These new hires position the firm for continued growth while providing enhanced services to clients.
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Interstate Electrical Services
salutes employees’ contributions
July 19, 2024
Billerica, MA Interstate Electrical Services Corp. held its annual Employee Appreciation Awards at its Operations Center in Tewksbury on June 26. During the ceremony, Interstate’s president, Jim Alibrandi, recognized the graduating class
Pappas and Pinto of Chozick Realty Inc. facilitates $12.925 million sale of 176 apartment units acro...
July 19, 2024
Hartford, CT Chozick Realty Inc. has completed the sale of 176 apartment units located across eight apartment buildings in the Asylum Hill neighborhood of the city. The properties, sold for $12.925 million, are positioned near Aetna Insurance Company, downtown and major highways I-84 and I-91,