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Regency Centers acquires 76,000 s/f Compo Shopping Centers
May 24, 2024
Westport, CT Regency Centers has acquired the Compo Shopping Centers, a 76,000 s/f retail destination. These two centers, which are known to the market as Compo I & II, will combine operations with Regency’s existing adjacent center, Compo Acres. Together, they will be known as Compo Acres Shopping Center,
The Boulos Co. brokers 1,334 s/f lease for Loquat Shop at Mechanics’ Hall
May 24, 2024
Portland, ME The Loquat Shop, a fashion brand, has relocated to the first floor of the historic Mechanics’ Hall at 519 Congress St. The move to this location marks a milestone for both Loquat and the Maine Charitable Mechanic Association, the landlord of this property. Nate Stevens and Samantha Marinko of The Boulos Company
Waldman Associates facilitates
multiple retail sales/transactions
May 31, 2024
Natick, MA According to Dan Waldman of Waldman Associates, the former Mitchell Gold building has sold, Chick-Fil-A broke ground at the Walpole Mall and 1A Marketplace is at 100% occupancy. Waldman said that the Mitchell Gold building at 625 Worcester Ave. was sold in an off market transaction
Horvath & Tremblay completes three
retail property sales for $11.519m
May 24, 2024
Pittsfield, MA Horvath & Tremblay has completed the sale of three single tenant properties for a total of $11,518,611. Aaron Huntley of Horvath & Tremblay has completed the sale of Sunfarm Solar. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $750,000. Sunfarm Solar
CanalSide Food + Drink to open at
CambridgeSide; design by RODE
May 24, 2024
Cambridge, MA Opening in fall 2024, CanalSide Food + Drink at CambridgeSide, will be an energetic new food hall experience featuring waterfront views, a collection of eateries, and a centrally located bar serving craft cocktails, beer and wine.
Boston Seaport by WS Development debuts Black Owned Bos. Market
May 24, 2024
Boston, MA Seaport x Black Owned Bos. Market has returned to the Seaport neighborhood for its fifth year with 45 vendors for the market’s 2024 season. Seaport x Black Owned Bos. Market is known for its eclectic collection and innovative ways to support local businesses owned by a celebrated community of Black creators and makers.
Tuccio Properties Group and Deer Hill Capital acquire
Raynham Depot in joint venture for $1.9m
May 24, 2024
Raynham, MA 768-770 Broadway LLC, a joint venture of Tuccio Properties Group and Deer Hill Capital, has acquired Raynham Depot for $1.9 million. Raynham Depot, located at 768-770 Bdwy., is a 47,000 s/f retail plaza less than one mile from I-495. Tenants in the plaza include Ace Hardware, Gwen Mireille Salon & Spa and Brother’s Pizza
The restaurant industry is changing at breakneck speed - by Dennis Serpone
May 24, 2024
For the casual diner, or the food executive focused on his sliver of the food and beverage industry pie, the changes to society’s dining habits have, and are, changing. It took the events of March 2020 to reset the industry. The obvious winners that ensued were the fast
CRE market continues to navigate and adjust - by Kristie Russell
May 24, 2024
The New Hampshire commercial real estate landscape has experienced notable fluctuations in recent years. Within the office sector, there has been a consistent uptick in available space since 2020, attributed to a wave of companies downsizing or closing their New Hampshire operations. However,
Some economic data and it’s translation for the Greater Boston industrial world - by David Skinner...
May 24, 2024
Over the past two years, a billion s/f of new industrial space has been built in the United States. Rising vacancies are happening due to supply challenges and lower demand, but the effect varies depending on the market and property type. Inflation is still above the 2% target. With
Consolidation in ownership should allow hotel owners to be better prepared for a slowdown - by Earle...
May 24, 2024
As we enter the half-year point of 2024 there is becoming clarity in the hotel market sales and revenue expectations. In all my 50 years as a Realtor this continues to be the craziest and most unpredictable period I can remember. However, the effects of an election year, war in Ukraine
Developers need help to solve the current housing crisis - by David O'Sullivan
May 24, 2024
We all look for advice and direction, we consult our peers, read commentary of industry experts and make decisions for our business. Whatever we consult for statistics, sales trends, construction cost indexes etc., are mostly a snapshot in time. The conclusions we draw on the opinions
Boston industrial in 2024 - by Bill Pastuszek
May 24, 2024
Commercial real estate (CRE) continues to evolve and change, adjusting to a longer, higher interest rate climate, a looming national election, and widespread global uncertainty. National and local market conditions are not terrible, yet there is a good deal of consumer discomfort
Top 10 frequently asked 1031 tax-deferred exchange questions - by Brendan Greene
May 24, 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 on the sale of such property
LCOR commences construction on transformative mixed-use development
May 17, 2024
Hoboken, NJ LCOR, a leading real estate development and investment firm, will begin construction of the Hoboken Connect master planned development this month. Hoboken Connect, the economic redevelopment project along the Hudson Waterfront, will bring a mixed-use campus
Di Palo rejoins Syska Hennessy Group; appointed co-lead of sustainability practice
May 17, 2024
Los Angeles, CA Justin Di Palo, PE, LEED AP, WELL AP, has rejoined the international engineering firm Syska Hennessy Group to serve as co-lead of its national sustainability practice and as an associate partner. He is based in the Los Angeles office
C5 + CCIM Global Summit this Sept.
May 17, 2024
Guilford, CT Join the National Association of Realtors and The CCIM Institute for the C5 + CCIM Global Summit, the leading commercial real estate conference covering every area of the industry — from development to disposition — across all property sectors.
Top Moody’s economist headlines panel for CT CCIM Chapter Mid-Year Symposium
May 17, 2024
West Haven, CT On June 6, the Connecticut CCIM Chapter welcomes Dr. Thomas LaSalvia, head of commercial real estate economics for Moody’s Analytics as the keynote speaker of its mid-year economic symposium taking place at the University of New Haven. Dr. LaSalvia will lead the panel with insights as to where commercial real estate markets may be headed in 2024.
Groton Board of Education achieves
solar installation at two schools
May 17, 2024
Groton, CT The Town of Groton Board of Education has completed the installation of solar photovoltaic (PV) systems on two schools, Groton Middle School and Mystic River Magnet. These systems are estimated to save the district more than $40,000 annually in energy costs and more than $800,000
Angel Commercial arranges 1,500 s/f long-term lease at Fairfield Shopping Center
May 17, 2024
Fairfield, CT Angel Commercial, LLC has arranged a long-term lease signing with Haven Hot Chicken, LLC for approximately 1,500 s/f at the Fairfield Shopping Center, located at 837-923 Post Rd. The lease was facilitated by Jon Angel, president of Angel Commercial, LLC, representing the landlord, Post Benson Corporation, and Alliance Properties, representing the tenant.