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Marcus & Millichap completes sale of Grant Street Complex for $6.4 million
October 6, 2023
Framingham, MA Marcus & Millichap has completed the sale of Grant Street Complex for $6.4 million. “This portfolio provided a truly unique value-add opportunity with ample off-street parking and renovations already completed on several of the units as well as four brand-new townhouses.” said Evan Griffith, senior vice president of investments.
KW Commercial and CCIM Institute to host first annual Foundation of CRE Seminar
October 6, 2023
Stamford, CT KW Commercial director Andreas Senie and CCIM Institute instructor Mark Van Ark, CCIM, SIOR will host the first annual Foundation of Commercial Real Estate Seminar on Oct 19th and 20th at KW Stamford at 2777 Summer St., 7th floor. Senie and founder/owner of EAC Properties, along with Van Ark, will bring together 50 industry insiders and newcomers for the Foundations For Success Seminar for this case study-driven course.
Sales associates of Lila Delman Compass broker $3.1m sale - highest sale in history of condominiums ...
October 6, 2023
Narragansett, RI Lila Delman Compass has brokered the sale of 114 Boon St. for $3.1 million. Dan and Nicole Harding, Lila Delman Compass sales associates, represented the seller, while Jaime Wilson, Lila Delman Compass associate represented the buyer. This transaction marks the highest sale in history of a condominium in the town.*
R.W. Holmes arranges 6,075 s/f lease at 175 Middlesex Turnpike
October 6, 2023
Bedford, MA R.W. Holmes arranged a recent lease agreement totaling 6,075 s/f of office and flex space at 175 Middlesex Tpke. Affera, a medical technology company specializing in solutions for the cardiac arrhythmia market, leased 5,575 s/f earlier this year and has now expanded to 6,075 s/f. R.W. Holmes senior vice president David Gilkie represented the landlord, ConRes IT Solutions, while Joe Doyle of Cresa represented the tenant.
U.S. Department of Labor and OSHA joined the Massachusetts Building Trades Recovery Council to strat...
October 6, 2023
Boston, MA Representatives from the U.S. Department of Labor and the Occupational Safety and Health Administration (OSHA) joined the Massachusetts Building Trades Recovery Council to discuss innovative methods to create supportive work environments for people with substance use disorder and mental health conditions in the trades.
CBRE completes sale of 43,985 s/f office
building for $15.5 million
October 6, 2023
Greenwich, CT CBRE has completed the $15.5 million sale of 53 Forest Ave., a 43,985 s/f office building. Jeffrey Dunne, Steven Bardsley, Travis Langer, and Daniel Blumenkrantz of CBRE’s Institutional Properties Group represented the owner, Collins 53 Forest LLC, an entity managed by Collins Capital Partners LLC, in the sale. The team also procured the buyer, HBN 53 Forest, LLC, which is managed by HB Nitkin, a regional commercial real estate owner.
The Stubblebine Company completes $11.25m sale
of 51,000 s/f property
October 6, 2023
Avon, MA The Stubblebine Company/CORFAC International has completed the sale of 108 Bodwell St. to CJ Shaughnessy Crane Service for $11.25 million. The subject property consists of a 51,000 s/f industrial building on 6.33 acres with a clear height of 16’8 – 20’8. Situated off Rte. 24 and less than 10 miles from I-95, the property provides access to all parts north and south in the Commonwealth.
Nordlund Associates brokers sale for $2.395m
October 6, 2023
Boston, MA Chris Everest and Kevin Olson of Nordlund Associates, Inc. assisted client Devon Realty Trust in the sale of 167 Devon St. a 8,778 s/f warehouse on a 0.56 acre parcel located off of Columbia road abutting the MBTA commuter rail.
Annual charity event for food insecurity, Canstruction Boston, returns this month
October 6, 2023
Boston, MA Canstruction Boston, an annual charity event that combines design, creativity, and social responsibility returns in 2023, after a one-year hiatus. Since its inception in 1995, this beloved A/E/C industry event centers around the construction of impressive sculptures made entirely from canned food, which are then displayed and later donated to local food banks.
Colliers and CBRE arrange 101,000 s/f lease for Ascend Elements
at King Street Properties develo...
October 6, 2023
Devens, MA King Street Properties has arranged for Ascend Elements, a company revolutionizing the production of sustainable lithium-ion battery materials, to lease the new 101,000 s/f building located at 39 Jackson Rd., part of King Street’s Pathway Devens campus. This transaction marks the full lease-up of the first phase of King Street’s Pathway Devens development.
The Power of Partnership - by Andrew DeAngelo
September 29, 2023
One thing we can all be thankful for in Massachusetts is we can expect when we turn on the tap, that we will have clean water. That’s not by accident. A recent study found that Massachusetts has the fifth highest quality drinking water in America.
How commercial real estate investors stay accurate
October 6, 2023
Boston, MA In recent years, the commercial real estate industry has experienced significant transformations driven by advancements in technology. These changes have revolutionized the way investors approach commercial real estate deals, ushering in a new era of opportunities.
Fannie Mae and Freddie Mac new lender requirements in effect September 2023
October 6, 2023
In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives. A project refers to a condominium, housing cooperative, or any multi-family common interest ownership association with more than five attached units. Project standards are specific requirements outlined by Fannie Mae and Freddie Mac.
IREM Boston Chapter members host Summer of Service Project
October 6, 2023
Boston, MA IREM Boston Metropolitan Chapter No. 4 members Kimberly Parker and Pamelia Haynes hosted a Summer of Service project in collaboration with various local nonprofit organizations.
CATIC Family of Cos. donates to Vermont Main Street Flood Relief Fund
October 6, 2023
Essex Junction, VT Three entities under the CATIC Family of Companies have contributed a total of $15,000 to the Vermont Main Street Flood Relief Fund. These entities include CATIC, CATIC Foundation, and Vermont Attorneys Title Corp. (VATC), each of which contributed
Marcus & Millichap arranges sale of 57,840 s/f Life Storage facility
October 6, 2023
Merrimack, NH Marcus & Millichap brokered the sale of Life Storage, a 57,840 s/f self-storage facility at 4 Benning Ct. Nathan Coe, Brett Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive
Mills-Malloy of Peabody awarded IREM scholarship
October 6, 2023
Braintree, MA According to The Peabody Companies, Caila Mills-Malloy 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.
JM Electrical completes mechanical system work at Boston Design Center
October 6, 2023
Boston, MA JM Electrical has completed work at the Boston Design Center. Located at 17-19 Drydock Ave., JM Electrical’s work marks the addition of controls for mechanical systems that will lay the foundation for forthcoming lab space within the Boston Design Center.