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The Peabody Companies’ Fernandez awarded IREM Scholarship
February 2, 2024
Braintree, MA According to The Peabody Companies, Janelle Fernandez has been awarded a New England Past President’s Scholarship by the Boston Chapter of the Institute of Real Estate Management (IREM) to pursue an Accredited Residential Manager (ARM) credential.
BioMed Realty promotes Letchworth, McDonald and Vu to vice president
February 2, 2024
Boston, MA According to BioMed Realty (the company), a leading provider of real estate solutions to the life science and technology industries, Tracy Letchworth, Ed McDonald and Kevin Vu have been promoted to the role of vice president.
Calare Properties completes redevelopment of 325 Foxborough Blvd. for NECI
February 2, 2024
Foxborough, MA Calare Properties (Calare) has completed upgrades to 325 Foxborough Blvd. nearly a year after acquiring the 80,000 s/f office building. The fully upgraded property will serve as the corporate headquarters facility for NECI,
NeighborWorks Housing Solutions holds new office ribbon-cutting at 139 S. Main St., Fall River
February 2, 2024
Fall River, MA NeighborWorks Housing Solutions (NHS) has opened its newest location at 139 South Main St. The opening was made official at a formal ribbon-cutting ceremony attended by mayor Paul Coogan, state representatives Carole Fiola and Alan Silvia, Michael Williams of NeighborWorks America, and staff members from the office of congressman Jake Auchincloss.
Industrial leaseback vs. user sale - by Harrison Klein
February 2, 2024
Selling vacant to an owner-user was once the obvious choice for maximizing the sale price. However, the bullish pace of the industrial market shattered this paradigm. Investors identified the remarkable upward trajectory of property values and began adopting a forward-looking approach,
NAI Glickman Kovago & Jacobs facilitates 54,000 s/f three-building sale - $3.5m
February 2, 2024
Millbury, MA NAI Glickman Kovago & Jacobs facilitated the sale of 100 Riverlin St. for $3.5 million. Principal James Glickman and vice presidents Cody Miner and Nolan Ryan represented the seller, GreatNeck, in this transaction. Ryan and Miner also represented the buyer, Sturbridge Supplies.
O’Brien Commercial Properties brokers $3.092 million
sale of 26-acre site
February 2, 2024
Bolton, MA Wood Partners has purchased a 26-acre site at 580 Main St. O’Brien Commercial Properties represented the seller, Condyne, and directly procured the buyer. The sale price was $3,091,500. Their comprehensive permit will enable Wood Partners to build 229 apartments.
Congress|EMJ and Tremont Development Partners break ground on 30-unit project in Taunton, MA
February 2, 2024
Taunton, MA Congress|EMJ, Tremont Development Partners, MassHousing, Eastern Bank, and city of officials, including mayor Shaunna O’Connell, held a groundbreaking ceremony on Thursday, January 11, to mark the commencement of a new 30-unit
Compass represents seller in $1.92m sale of 101 Mount Hope Avenue
February 2, 2024
Jamestown, RI Compass has completed the sale of 101 Mount Hope Ave. for $1.92 million. Kira Greene, a founding agent of Compass Providence, represented the seller in this transaction. Situated in the Bryer Farm neighborhood, this property offers a view of the western horizon, overlooking the golf course
North Shore Realty closes two transactions totaling $4.223m
February 2, 2024
Beverly, MA Dan and Sara Pouladian of North Shore Realty Advisors Inc. closed two separate transactions for a total of $4,222,500 5 Edwards, a three-story multi-family built in 1985 with a lot size of .43 acres (18,562 s/f). The property consists of nine two-bedroom apartments
AXSYS Capital aquires 15,366 s/f “medtail” property in Missouri for $3.6 million
February 2, 2024
Wentzville, MO AXSYS Capital has closed on the purchase of 853 Medical Dr., a 15,366 s/f mixed-use “medtail” office property for $3.6 million. The transaction marks AXSYS Capital’s seventh acquisition
Synergy adds Collins to leadership team
February 2, 2024
Boston, MA Synergy, a real estate investor, operator, and manager, has hired Brian Collins to their leadership team. With over two decades of institutional real estate investment management experience, Collins joined Synergy as the executive vice president, head of asset management.
Healey-Driscoll administration commits to
26 new affordable housing developments
February 2, 2024
Boston, MA Less than a week after her State of the Commonwealth address in which she vowed to tackle rising housing costs, governor Maura Healey has committed resources to support the production and preservation of more than 1,900 housing units as part of 26 projects in 19 communities across the state.
Olivares joins Pearce Real Estate in the New Haven office
February 2, 2024
North Haven, CT Nanette Pastore, president of Pearce Real Estate, has welcomed Miguel Olivares to their local office. Miguel is an experienced and skilled realtor with a proven track record of success in negotiation and communication.
Norton of Horvath & Tremblay
sells 31 units for $5.325 million
February 2, 2024
Lowell, MA Spencer Norton of Horvath & Tremblay has arranged the sale of a three-building, 31-unit multi-family portfolio. Norton exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.325 million and $171,774 per unit.
Griffith and Pepdjonovic of Marcus & Millichap
handle $6.718m sale
February 2, 2024
Boston, MA Marcus & Millichap, has completed the sale of a mixed-use portfolio in the West Roxbury neighborhood of the city. The assets sold for $6.718 million. “We were thrilled to be awarded this unique listing after a rigorous interview process that included several brokerage firms.
HYM Investment Group names Hurley as partner
February 2, 2024
Boston, MA The HYM Investment Group (HYM), a leading real estate development company, has promoted John Hurley to the position of partner while continuing his duties as director of development. As partner, Hurley will hold a pivotal role at the company, helping to lead its strategic vision
The Stubblebine Company sells 307 Dorchester
Avenue to Alexandria for $43m
February 2, 2024
Boston, MA On January 23, The Stubblebine Company/CORFAC International sold the 48,900 s/f industrial showroom building on a 1.8-acre parcel at 307 Dorchester Ave., a former FW Webb site, for $43 million to Alexandria Real Estate Equities. The property was not publicly marketed.
NH CIBOR president’s message: Public Policy Committee of NHAR - by Ethan Ash
February 2, 2024
As we move beyond the primary season, the focus on politics may wane for some, but in New Hampshire, the 2024 Legislature in Concord faces a considerable workload with over 1,300 bills awaiting consideration. The Public Policy Committee of the N.H. Association of Realtors (NHAR) is diligently
Remember the good ‘ole days of long inventory lists and property tours? When will they return to S...
February 2, 2024
The year was 2011, and a young, ambitious broker received a lead on a 30,000 s/f industrial tenant in search of a simple warehouse with a few overhead doors and a loading dock. The broker swiftly compiled an inventory of seven or eight attractive options in the Greater Portland area and scheduled a