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RK Centers acquires Bristol Place from
Unison Realty Partners for $70.55 million
October 27, 2023
Attleboro, MA RK Centers has acquired Bristol Place, now rebranded as RK Bristol Place. The property is located at 1130 Newport Ave. (Rte. 1A, adjacent to I-95 at Exit 2). According to public record the property sold for $70.55 million. Situated on 45.5-acres, the acquired RK Bristol Place is 415,404 s/f and represents a significant addition to RK Centers’ New England portfolio.
O’Brien Wealth Partners moves to Waltham
October 20, 2023
Waltham, MA O’Brien Wealth Partners, LLC, an independent wealth management firm providing financial planning and investment services, recently relocated from
Lyman Real Estate Brokerage & Development completes $750,000 sale of 8,000 s/f building
October 27, 2023
Plainfield, CT Ron Lyman, CCIM, CEO of Lyman Real Estate Brokerage & Development, has announced the sale of the industrial building at 12 East Parkway.
Plimoth Patuxet Museums begins construction of Indigenous program support building
October 27, 2023
Plymouth, MA Plimoth Patuxet Museums has begun construction on a new program support building for the Historic Patuxet Homesite. The behind-the-scenes building will provide expanded operational capacity for public history educators and culture-keepers.
Northeast Private Client Group brokers $6.15 million sale of Ashford Hills Apartments
October 27, 2023
Ashford, CT Northeast Private Client Group (NEPCG) has completed the $6.15 million sale of the Ashford Hills Apartments. Vice president Taylor Perun and associate Cameron Formica represented the seller and procured the buyer for the multifamily transaction.
The Rhode Island office market — a safe haven investment during downturns? - by Matt Fair
October 27, 2023
Nearing 20 years in the business, I’m amazed at how much has changed in the Rhode Island commercial real estate market, but more intriguing may be how much has stayed the same. From the great financial crisis of 2008 to the more recent pandemic-era uncertainty,
Svigals + Partners and HBRA Architects design
new building for Hole in Wall Gang Camp
October 27, 2023
Ashford, CT The new arts building designed by Svigals + Partners in collaboration with HBRA Architects for the Hole in Wall Gang Camp has turned what was a near catastrophe into an enhanced environment for creativity and friendship for campers aged seven to 15 facing serious illnesses.
As we look ahead, we anticipate a continued competitive sale market amongst end users - by George Pa...
October 27, 2023
As 2023 marches to its end, the Rhode Island industrial market supply remains historically tight overall, but particularly on the sale side. While there is some loosening of industrial space available for lease, there are only a handful of quality options in each region of the state. While demand has waned on the leasing side compared to 2022,
The food and beverage industry is one of the only careers where you don't have to go to college - by...
October 27, 2023
For 43 years I’ve watched the transitions of the seasons spring to summer, to fall to winter, back to spring. Looking back, certain things become evident. Being a chronic entrepreneur, I can honestly say that for most people the food and beverage industry can be the easiest, most rewarding road to success…both financially
Fallon joins Nixon Peabody’s real estate practice as a partner in Boston
October 27, 2023
Boston, MA Nixon Peabody LLP has expanded its real estate practice with the arrival of accomplished real estate finance attorney Kristen Fallon, who advises lenders in the sophisticated real estate investment trust (REIT) and fund finance space. She joins the firm as partner, based in the Boston office.
For those of us on Main St., all we can do is keep putting one foot in front of the other - by Bill ...
October 27, 2023
Mid-October and no frost yet…. (where are the global warming deniers?). The primary culprit is rising interest rates both for construction loans as well as mortgage loans. While the interest rate is a key driver, terms and conditions are often just as important. Loan to value ratios, debt coverage ratios, conservative appraisals
Sales success and networking are inexorable - by Chuck Sink
October 27, 2023
If you sell professional services and high ticket items, networking provides your first and best opportunity to succeed. You cannot get far without having relationships in the market. Robust networking is the fast track to building relationships.
Marcus & Millichap and Atlantic Capital Partners facilitate $2.85m sale of Agawam industrial wareho...
October 27, 2023
Agawam, MA Marcus & Millichap has completed the sale of 277 Silver St., an industrial warehouse. The asset sold for $2.85 million. This building is situated in a premier Western, Mass., location near the intersection of I-91 and the Mass Pike
MassDevelopment issues $5m tax-exempt
bond to Glenmeadow, Inc.
October 27, 2023
Longmeadow, MA MassDevelopment has issued a $5 million tax-exempt bond on behalf of Glenmeadow, Inc., a nonprofit life plan community for individuals aged 62 or older, which will use proceeds to complete several projects at its campus at 24 Tabor Crossing. Projects include completing the demolition of the existing
World events and industrial real estate - by David Skinner
October 27, 2023
I have been given an opportunity to write for the New England Real Estate Journal regarding industrial market updates. It is my aim to do that, and I will do that here in this article. Before I get to the real estate specific topics, I need to however share from the heart. Bear with me, it will all connect at the end.
Skanska awarded two bridge contracts by MassDOT - $66 million
October 27, 2023
Boston, MA Skanska has been awarded two design-build contracts totaling $66 million by the Massachusetts Department of Transportation (MassDOT). The contracts encompass the $29 million reconstruction of the Rte. 3 bridge (Pilgrims Hwy.)
Newmark finalizes sale of 855 Boylston
Street - totaling 142,765 s/f
October 27, 2023
Boston, MA Newmark has completed the sale of 855 Boylston St., a mid-rise office/retail asset located in the Back Bay neighborhood. The sale price was not disclosed. Newmark co-head of U.S. Capital Markets Robert Griffin, executive vice chairman
William Coppins II passes away July 13, 2023, at the age of 89
October 27, 2023
Stoneham, MA William Coppins II passed away July 13, 2023, at his home at the age of 89. Coppins had a 50-plus-year career as a commercial-industrial real estate broker, which included starting Coppins Company, Inc. in 1978.
Consolidation in hotel ownership should allow owners to be better prepared for a slowdown - by Earle...
October 27, 2023
I reluctantly agreed to do this end of the year preview in that the uncertainty barometer is near the top of the scale. Looking back at the years 2021, 2022, and 2023 to date, again my firm, Wason Associates, had three of our best years in hotel brokerage transactions and dollar volume.
R.W. Holmes and Donahue & Associates
arrange $5.6 million sale
October 27, 2023
Canton, MA R.W. Holmes negotiated the sale of an industrial building. Located at 1 Pequot Way, the 36,032 s/f building was sold to an owner-user, One Pequot Way, LLC, for $5.6 million, or $156 per s/f.