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Vainshtein joins Metrowest Commercial Real Estate
April 26, 2024
Framingham, MA Metrowest Commercial Real Estate (MWCRE) has hired Michelle Vainshtein to the brokerage team. Vainshtein brings a unique blend of expertise from her extensive background in real estate investment and her compassionate 15-year career as a clinical social worker.
Griffith Pepdjonovic Group of Marcus & Millichap brokers $5.3 million multifamily sale
April 26, 2024
Dorchester, MA Marcus & Millichap has completed the sale of a 20-unit multifamily property for $5.3 million. Griffith and Tony Pepdjonovic of Marcus & Millichap’s Griffith Pepdjonovic Group had the exclusive listing
Lincoln Property Company advises on three industrial sale leaseback deals - valued at $47.8 million
April 26, 2024
Newburyport, MA Lincoln Property Company (Lincoln) has brokered three industrial sale leasebacks in Massachusetts and Florida valued at $47.8 million. Rhino Capital Advisors acquired 3 Perkins Way in Newburyport for $25 million. Bradford & Bigelow, one of the top book printers for K-12,
Cushman & Wakefield arranges 3 lease renewals totaling 21,152 s/f
April 26, 2024
Greenwich, CT Cushman & Wakefield has arranged three lease renewals totaling 21,152 s/f at 55 Railroad Ave., a 139,000 s/f class A office building. Kensico Capital, a financial services firm, signed an 11,016 s/f lease. LoanCore Capital,
Camber Development and Dacon commence 238,000 s/f industrial distribution facility; event marked wit...
April 26, 2024
Wilmington, MA Camber Development and Dacon Corp. celebrated the commencement of a 238,000 s/f industrial warehouse and distribution facility at 800 Salem St.
Millions of dollars of sales are the result of creating a competitive advantage - by Dennis Serpone
April 26, 2024
There’s a saying that I’ll always remember regarding success in “any” business but especially in the food and beverage industry, “If your business is not growing, it is dying.” That hit me as being pretty profound. “If my business is not growing, it’s dying”? Your competition is nipping at your heels,
Northern New England migration and market update - Bill Norton
April 26, 2024
Well, we survived the eclipse. It was a nice infusion of $ for the North Country during Mud season. I just finished a book, “On the Move” by Abraham Lustgarten, focused on human migrations in North America due to climate change, extreme weather events, drought and wildfires.
The Superior Nature of Industrial Real Estate
on 495 - by David Skinner
April 26, 2024
It has been a couple years since I have extolled the excellencies of the alluring, intriguing Interstate 495. I am prompted to do so today because of recent conversations I have had with out-of-market buyers. It is with increasing frequency that family offices and private equity groups
Greater Portland Office Market Survey -
by Sam LeGeyt
April 26, 2024
Outlook: The Greater Portland office market is still adjusting to the post-pandemic world. Although the major headlines from primary markets are scary and fear-mongering, Southern Maine is not poised for the bumpy rides you might see on the news or read about in the newspaper.
Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase
April 26, 2024
Two popular sources of commercial real estate financing are banks and insurance companies. According to the Mortgage Bankers Association, banks and insurance companies combined hold 54% of the nearly $4.7 trillion in outstanding commercial mortgages as of the end of 2023. Both of these lender groups are subject to regulations
Changing markets, changing perspectives - by Bill Pastuszek
April 26, 2024
Whether it’s real estate or automotive markets, understanding the various submarkets that make up the composite larger markets and understanding the larger market and its effect on those submarkets is key. Markets don’t work in lockstep.
SCA announces 2023 Slag Cement In Sustainable Concrete Award Winners
April 12, 2024
Farmington Hills, MI The Slag Cement Association (SCA) announced the winners of its 2023 Slag Cement in Sustainable Concrete Awards. The winning projects were unveiled and celebrated on March 27, 2024, during the spring ACI Concrete Convention
Urban Standard Capital finances two luxury residences in West Palm Beach
April 12, 2024
West Palm Beach, FL Urban Standard Capital, a New York-based real estate investment firm, has delivered a $5.75 million loan secured by two single family luxury homes. The developer leveraged the equity he created at the property he recently completed
Project of the Month: Groom Construction celebrates completion of
$14 million Coolidge Corner T...
April 19, 2024
Brookline, MA Groom Construction, Co., Inc., a premiere general contracting firm, completed the construction of Coolidge Corner Theatre, a historic and beloved movie theater. The $14 million expansion was unveiled at a ribbon cutting ceremony on March 26th, with its doors officially opening to the public on March 27th.
ASM message from the CEO: It has been a great start to 2024
April 19, 2024
>It is officially spring, so hopefully, the warm weather will be right around the corner. It has been a great start to 2024 at ASM, with programming that has received significant attention and attendance. Thanks again to our Young Professional group for organizing a great networking event at Puttshack in Boston
ABC Massachusetts won’t stop fighting discriminatory Springfield project labor agreement
April 19, 2024
Last month I reported that the Springfield Water and Sewer Commission had withstood an all-out push from construction unions and their political allies and put its $350 million West Parish Water Treatment Plant project out to bid without a union-only project labor agreement (PLA). Sadly, the victory was fleeting. On March 18 the Commission added a PLA to the project via an addendum.
Kaplan Construction earns ABC National’s Excellence in Construction Award for Trust Early Learners...
April 19, 2024
Brookline, MA According to Kaplan Construction, their work on Trust Early Learners has earned the company a national Excellence in Construction (EIC) Eagle Award, presented during the annual Associated Builders and Contractors National Convention in Orlando, Fla. on March 14.
Ask the Electrician: Six elements to consider when designing a lighting control system
April 19, 2024
Lighting control systems can significantly enhance the functionality, aesthetics, and safety of a building. While offering a variety of benefits such as energy savings, improved comfort, and increased safety, these systems require careful design considerations to ensure they meet the specific needs of each project.
Columbia appoints Gallant chief operating officer
April 19, 2024
North Reading, MA Columbia has appointed Shawn Gallant to the newly established chief operating officer role. Gallant, a 23 year veteran of the firm, most recently served as senior vice president.
MassDevelopment sells 33.2 acres to GFI - plans to build 200,000 s/f project
April 19, 2024
Grafton, MA MassDevelopment has sold a 33.2-acre parcel at 124 Westboro Rd., formerly part of the state-owned Grafton State Hospital, to GFI Partners. The real estate company plans to build two buildings, totaling 200,000 s/f,