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The year ahead: What’s 2024 going to look like? - by Bill Pastuszek
January 26, 2024
The recently concluded year of 2023, was not one that would necessarily want to be relived. Nothing felt certain or right. Residential markets experienced weird dynamics and commercial real estate performed unevenly and unsatisfyingly.
2024 forecast for 1031 tax-deferred exchanges - by Brendan Greene and Mark McCue
January 26, 2024
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment” to defer paying capital gains taxes if the property owner sells such property, identifies “like kind” property
Wingate Multifamily closes on Boulevard North in Atlanta
January 19, 2024
Atlanta, GA Wingate Multifamily, a newly formed affiliate of Wingate Companies of Newton, MA, closed on Boulevard North, the fourth phase of Wingate’s multi-phase redevelopment
Frydryk semi-retires from Hancock Associates
January 26, 2024
Palmer, MA According to Hancock Associates, a leading provider of land surveying, civil engineering and wetland science services, Don Frydryk PE, PLS, has announced semi-retirement. Frydryk joined Hancock Associates as a regional office manager when the firm acquired Sherman & Frydryk, LLC, a land surveying and civil engineering firm located in Palmer.
Westmass Area Development Corp. takes leadership role at Develop Springfield
January 26, 2024
Springfield, MA Westmass Area Development Corp., a renowned non-profit organization in real estate and economic development, is set to take on the leadership role at Develop Springfield. This announcement, made at the Springfield Innovation Center on December 27th, marks a significant step in the ongoing efforts to revitalize and transform the city.
JLL arranges recapitalization
of the Residence at Valley Farm
January 26, 2024
Ashland, MA JLL Capital Markets has arranged the recapitalization transaction of the Residence at Valley Farm, a senior living community owned by Bridge Investment Group and LCB Senior Living, LLC. JLL represented the seller, Bridge Investment Group, and procured the buyer
Boston Sports & Shoulder Center expands at Cummings Properties’ “Medical City” campus
January 26, 2024
Woburn, MA Boston Sports & Shoulder Center is expanding its footprint with a custom-built clinic on Cummings Properties’ “Medical City” campus. The 6,100 s/f facility, its fifth Massachusetts location, is expected to open this spring at 800 West Cummings Park.
Nickerson promotes Mulaire to director of PR & media relations
January 26, 2024
Boston, MA Nickerson, a full-service branding, marketing, PR and communications agency has named Shannon Mulaire director of PR & media relations. As director of PR & media relations, Mulaire will oversee media relationship management, client-partner public relations activities, internal and external agency-related communications,
Celera Properties and True North Management secure 42,000 s/f in leases
January 26, 2024
Andover, MA Celera Properties and True North Management Group completed the lease-up of the first phase of their life science redevelopment project in Andover Technology Park at 600 Federal St. This milestone represents a major step forward in the transformation of this property into a hub for life science and innovation tenants.
NeighborWorks Housing Solutions raises over $265,000 at “Opening Doors, Changing Lives” Gala
January 26, 2024
Quincy, MA NeighborWorks Housing Solutions (NHS), the leading housing service provider in southern Massachusetts, raised more than $265,000 during its recent “Opening Doors, Changing Lives” Gala, held at Granite Links Golf Club.
Boomx Cannabis’ December fundraiser yields $1,000 donation to Loaves & Fishes
January 26, 2024
Shirley, MA On Wednesday, January 17, BoomX Cannabis Company presented a check for $1,000 to local food pantry, Loaves & Fishes. During the month of December, the recreational dispensary ran a promotion called Stuff a Stocking. For every stocking sold, BoomX pledged to donate half the proceeds to Loaves & Fishes.
Advanced Property Management supports Boston Police District 18 Hyde Park Children’s Party
January 19, 2024
Hyde Park, MA In a heartwarming collaboration, Boston Police District 18 joined with Advanced Property Management to host the Annual Hyde Park Children’s Christmas Party, spreading joy to underserved youth during this magical season.
MountainOne hires Ames as senior mortgage originator
January 26, 2024
Rockland, MA According to MountainOne, Paul Ames has re-joined the residential lending team in the role of senior mortgage originator. In this role, Ames will focus on originating single and multi-unit residential mortgages within MountainOne’s South Shore market.
Mitchell of Compass’ Kirk | Schryver Team closes $2.25 million sale
January 26, 2024
Barrington, RI Compass has completed the sale of 17 Willow Way for $2.25 million. According to data maintained by the RI Statewide MLS, this transaction marked one the highest sales ever in the town’s Alfred Drowne neighborhood. Lindsay Mitchell of Compass’ Kirk | Schryver Team represented the buyer.
Aho Properties sells Shirley, MA industrial property for $2.55 million
January 26, 2024
Shirley, MA Joel Aho, president of Aho Properties, represented ownership in the sale of a 41,037 s/f industrial property at 76 Walker Rd. for $2.55 million. The property was fully occupied by Thermo-Fab Corp. under a long-term lease
Miller joins Larew, Doyle & Associates as senior vice president, Connecticut
January 26, 2024
Stamford, CT Jeffrey Miller joined Larew, Doyle & Associates (LD&A) in 2023 as senior vice president of the new Connecticut office with focus on commercial mortgage lending in the metro Stamford, Hartford, New Haven, Middletown, and New London markets.
Tighe & Bond acquires Coastal Engineering Co., Inc.
January 26, 2024
Worcester, MA Tighe & Bond, a Northeast leader in engineering, design, and environmental consulting, has acquired Cape Cod-based Coastal Engineering Co., Inc. (Coastal), a civil, structural, and waterfront/marine engineering firm that specializes in projects located in environmentally sensitive areas.
Ask the electrician: Is your facility ready for cold weather? - by Brian Leborgne
January 26, 2024
Winter is here, and it’s important to be prepared for whatever the season may bring, including weather events and other disasters that can cause power outages and infrastructure damage. Here are some tips to help get your building ready for the cold weather season:
Rodriguez joins AGC MA as director of career development
January 26, 2024
Boston, MA The Associated General Contractors of Massachusetts (AGC MA) welcomes Samilys Rodriguez as its director of career development & industry inclusion. In her previous roles within the construction and design industry, Rodriguez established best practices for contract compliance related to disadvantaged business
Smith, Pentore and Kelleher of Horvath & Tremblay
broker $3.8m sale of 38-unit multifamily portf...
January 26, 2024
Fall River, MA Spencer Smith, John Pentore and Dennis Kelleher of Horvath & Tremblay have completed the sale of the Winter Collection, a 38-unit multifamily portfolio. The four-building portfolio closed for $3.8 million at $100,447 per unit and at a 7.48% cap rate.