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Trapilo joins Coastal Commercial Real Estate as broker
October 20, 2023
New Bedford, MA Richard Trapilo has joined Coastal Commercial Real Estate (CCRE). As a licensed real estate broker, Trapilo has an extensive background in acquiring, developing, and selling commercial properties
CBRE arranges $182 million sale of 294-unit
Hanover North Cambridge
October 20, 2023
Cambridge, MA CBRE completed the $182 million sale of Hanover North Cambridge, a 294-unit luxury apartment complex located adjacent to the MBTA Alewife Station. Constructed in 2022, the newly developed residential community
Mass. Housing Investment Corp. appoints Vachon deputy director of equity
October 20, 2023
Boston, MA Massachusetts Housing Investment Corp. (MHIC) has appointed John-Paul Vachon as deputy director of equity. Vachon brings extensive affordable housing financing experience, especially in Low Income Housing Tax Credit (LIHTC) equity originations
Durgin of Conway Commercial brokers sale of 3,900 s/f former bank branch
October 20, 2023
Middleboro, MA Paul Durgin, vice president of Conway Commercial, brokered the sale of 68 East Grove St., for $795,000. The property, a former Harbor One Bank branch, contains 3,900 s/f, and is situated on 1.7 acres. Consistent
PROCON names Stebbins chief executive officer
October 20, 2023
Hooksett, NH PROCON has appointed John Stebbins as chief executive officer (CEO). In his new position, Stebbins will be at the helm of PROCON’s fully integrated design-build team, bringing with him a wealth of experience and a vision to drive
Kuhrtz of Commercial Realty Advisors sells 12,414 s/f warehouse for $2.1 milliion
October 20, 2023
Harwich, MA Brad Kuhrtz of Commercial Realty Advisors (CRA) negotiated the sale of a 12,414 s/f industrial warehouse located at 136 Factory Rd. for $2.1 million. The property was acquired by Great Western Realty, LLC.
Freudenheim Partners facilitates $5.9 million sale
of 13,000 s/f Bay Village office building
October 20, 2023
Boston, MA Freudenheim Partners brokered the sale of 52 Church St., in the city’s Bay Village neighborhood. The 13,000 s/f two-story stand-alone office building was purchased by UNITE HERE Local 26 for $5.9 million ($454 per s/f). Local 26, a union representing
TruAmerica plans $86 million build-for-rent development in South Carolina
October 20, 2023
Inman, SC TruAmerica Multifamily acquired a 33-acre site and plans to develop Hartley View, an $86 million build-for-rent (BFR) community. The land acquisition sets the stage for TruAmerica’s first BFR development, which will encompass 281 units
MEREDA to hold annual forecast conference in February 2024
October 13, 2023
Portland, ME The Maine Real Estate & Development Association’s (MEREDA’s) Annual Forecast Conference and Member Showcase has a new date: February 29th, 2024. As we leap into the new year, leaders from the state’s real estate and development
Worth Avenue Capital provides $500,000 loan to Florida investor/developer for condominium constructi...
October 13, 2023
West Palm Beach, FL Worth Avenue Capital, LLC (WAC) closed a $500,000 “follow on” debt offering to a Palm Beach, Florida based real estate developer/investor. The loan proceeds are being used as additional working capital towards the completion of the
Beaulieu and Le join Red Oak Capital Holdings
October 13, 2023
Charlotte, NC Red Oak Capital Holdings, LLC has taken one more step in its strategic national growth plan with the addition of two new team members. Dylan Beaulieu will serve as manager of investor operations, while Chau Le takes on the role of senior accounting associate.
Nominate someone for the 2023 Ones to Watch Industry Leaders Spotlight TODAY!
October 6, 2023
We are now accepting nominations for our 2023 Ones to Watch INDUSTRY LEADERS Spotlight which will be published in the November 24th New England Real Estate Journal. This spotlight will highlight accomplishments, challenges, advice, and other key insights from New England's CRE industry leaders.
Industrial investment market update - by Harrison Klein
October 13, 2023
How are prices still so high despite these crazy interest rates? This statement is usually used in reference to housing, however in my world of private market industrial, it is just as true. Over the past 18 months, borrowing costs went from 3.5% to 7%. Despite this, we continue to witness record-high prices and cap rates have only moved 50-75 points higher.
Town of Bridgewater activates phase one of revitalization plan
October 6, 2023
Bridgewater, MA “Revitalizing the Heart of Bridgewater: Vision to Reality," an initiative announced this summer by Bridgewater Town Manager Michael Dutton, focuses on transforming
Vantage Builders raises $20,000 for Balanced Veterans Network with Second Annual fore Charity Golf C...
October 13, 2023
Waltham, MA Vantage Builders, Inc. hosted its second annual Vantage Builders fore Charity Golf Classic tournament, with 128 golfers taking part in the shotgun start tournament, held at Franklin Country Club on August 14.
City Kids hosts Surf Camp for Boston Asian Youth Essential Service
October 13, 2023
Hampton, NH City Kids, a Boston youth education nonprofit, hosted a Surf Camp for teens from Boston Asian Youth Essential Service (Boston Asian YES) at Hampton Beach. City Kids is a nonprofit founded by City Realty Group managing partners Stephen Whalen and Fred Starikov to spark intellectual curiosity in the children of Boston
Advanced Property Management supports “Cones with a Cop” for Boston Police District E-18 in Hyde...
October 13, 2023
Boston, MA It was standing room only at Ron’s Gourmet Ice Cream in Hyde Park as community members gathered to connect and discuss neighborhood issues with Boston Police officers from District E-18. “Cones with a Cop,” a neighborhood event made possible with support from Advanced Property Management
Local chef partners with Rockland Trust to make their dreams a reality
October 13, 2023
Oak Bluffs, MA Martha’s Vineyard resident and chef, Ralston Francis turned to Rockland Trust to receive financing to purchase Flavors, a restaurant he previously co-owned, and transform it into Eleven Circuit, which opened this spring. With the help of Tilma Johnson, business banking specialist and Edgartown Main St. branch manager and Adrian Rawn, senior vice president, lending center manager,
Eastport Real Estate Services sign three leases at 55 Technology Dr.
October 13, 2023
Lowell, MA Eastport Real Estate Services has signed three leases at 55 Technology Dr. The building is 90% occupied with only one 8,800 s/f suite remaining.
McGarry of O’Brien Commercial
Properties handles $1.5m sale
October 13, 2023
Acton, MA O’Brien Commercial Properties completed the sale of a multi-tenant office building located at the gateway to Nagog Park and Nagog Shopping Plaza.