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Nobis Group names Adams as new president and CEO
August 18, 2023
Concord, NH According to Nobis Group, after 34 years of service, Ken Koornneef, PE has decided to retire from his position as president and CEO. Together with Koornneef, the company’s executive leadership team and board of directors have been preparing
J. Calnan & Associates Anchor Line Partners, LLC celebrate topping off of 245 5th Ave.
August 18, 2023
Waltham, MA J. Calnan & Associates (JC&A), Anchor Line Partners, LLC and Northwood Investors, LLC have hit a construction milestone for 245 Fifth Ave. The team celebrated the topping off of the six story 262,000 s/f ground up construction of their spec lab project.
Dyer Brown designs new office space for Nimbus Therapeutics in Boston’s Seaport
August 18, 2023
Boston, MA For national workplace strategy experts Dyer Brown, the design of new office space – like the completed headquarters of Nimbus Therapeutics – must support a company’s culture and workflow, represent their brand, combine budget sensitivity with sustainability, and align goals for growth
ReyCon begins work on 32,000 s/f
oceanfront project in Hull, MA
August 18, 2023
Hull, MA Construction management firm ReyCon has started work on the construction of a new 32,000 s/f multifamily apartment community on Nantasket Beach, in partnership with Newton-based developer, Enrique Darer. ReyCon was hired by Darer to provide all pre-construction and construction management services.
Jewett Construction Company celebrates completion of 214,000 s/f Upton Crossing
August 18, 2023
Wilmington, MA Jewett Construction Company has completed construction on a 214,400 s/f multi-tenant speculative industrial warehouse campus for Davis, a real estate development firm. The dual warehouse facility, known as Upton Crossing, is located on a 27-acre site at 38 Upton Dr.
Project of the Month: Callahan Construction completes The 600 for V10 Development - 80,000 s/f mixed...
August 18, 2023
Everett, MA Callahan Construction Managers (Callahan), a full-service construction management company based in Bridgewater, Mass., recently completed The 600 mixed-use project for V10 Development, a real estate development company specializing in multifamily mixed-use projects throughout New England.
Mott & Chace Sotheby’s International Realty brokers $2.2 million sale
August 18, 2023
Warwick, RI Mott & Chace Sotheby’s International Realty has completed the sale of 444 Narragansett Bay Ave. for $2.2 million. The sellers were represented by Donna Conway and Amy Doorley-Lucas, both of Mott & Chace Sotheby’s International Realty,
Newmark completes $4 million sale of 70 Wells Ave. on behalf of Wingate Companies
August 18, 2023
Newton, MA Newmark has completed the $4 million sale of 70 Wells Ave., an office building located within Wells Avenue Business Park. Newmark co-head of U.S. capital markets Robert Griffin and associate directors Joseph Alvarado, George Demoulas and Casey Valente
Delaware Statutory Trusts and the anchor and buoy investment theory - by Dwight Kay
August 18, 2023
For investors currently considering a Delaware Statutory Trust (DST) investment for either their 1031 exchange or direct-cash investment, one of the first things to consider is what investment strategy should be pursued? For example, is the goal to achieve greater appreciation, even if it means investing in an asset that carries greater risk?
Institutional Property Advisors brokers sale of 303-unit The Place at Catherine’s Way
August 18, 2023
Manchester, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of The Place at Catherine’s Way, a 303-unit multifamily asset.
Fieldstone Commercial Properties Inc. and O’Brien Commercial Properties broker $3 million sale
August 18, 2023
Marlborough, MA Fieldstone Commercial Properties Inc. and O’Brien Commercial Properties have completed the sale of redevelopment site consisting of a 276-unit apartment building at 283 Lincoln St. for $3 million.
Bartell of MANSARD sells 3,633 s/f medical office condo for $450,000
August 18, 2023
Marlborough, MA MANSARD has completed the sale of Suites 225 & 255 at 28 Lord Rd. The property sold for $450,000 to Yi Zhou who will use the site to expand their practice to continue caring for the health needs in the area.
Griffith, Pepdjonovic and Sanborn of Marcus & Millichap facilitate $2.3 million sale of 15-unit apar...
August 18, 2023
Stoneham, MA Marcus & Millichap finalized the sale of a 15-unit multifamily property located at 3 Warren St. The 7,084 s/f asset sold for $2.3 million or $153,333 per unit.
Colliers facilitates $3.2 million land sale in Roxbury, MA
August 18, 2023
Roxbury, MA Colliers completed a $3.2 million land sale for a mixed-use, multifamily development located at 639 Warren St. The property, owned by Immobiliare Realty Trust, was exclusively represented in the transaction by Colliers’ investment sales specialist, Kendin Carr.
Sakakeeny of SAK Environmental named board member of Essex County Habitat for Humanity
August 18, 2023
North Andover, MA Stephen Sakakeeny, principal at SAK Environmental, LLC has been approved as a board member to the Essex County Habitat for Humanity (ECHfH) board of directors. SAK’s relationship with ECHfH started in 2014 at a condominium development in Lawrence, Mass.
O’Brien and Keefe of Greater Boston Commercial Properties
broker $6 million sale of 46,839 s/...
August 18, 2023
Foxborough, MA Bret O’Brien and James Keefe of Greater Boston Commercial Properties, Inc. represented the seller in the $6 million sale of 225 Foxborough Blvd., a 46,839 s/f multi-tenant investment property. Greater Boston Commercial Properties also procured the buyer
Fulton Properties leases 5,028 s/f to General Radar at Charlestown Navy Yard
August 18, 2023
Charlestown, MA Dan Luter, vice president of Fulton Properties, completed the leasing of 5,028 s/f to General Radar Corp. at Building 39 in the Charlestown Navy Yard. The Charlestown Navy yard has always been on the cutting edge of creation and innovation.
The Stubblebine Co. completes $7 million sale of 104 Gold St. in Worcester, MA to Arris Partners
August 18, 2023
Worcester, MA The Stubblebine Company/CORFAC International has completed the sale of 104 Gold St. to Arris Partners for $7 million. Located a half mile from I-290, less than five miles from I-90 and I-146, and less than 10 miles to I-295, the property is situated adjacent to Polar Park
Herald of Boston Realty Advisors brokers $9.8 million sale of 63-65 Hancock St. on behalf of the sel...
August 18, 2023
Boston, MA Boston Realty Advisors, the largest independent real estate brokerage in Massachusetts, represented the seller in the sale of 63-65 Hancock St., a two-building, 22-unit multifamily asset in the Beacon Hill neighborhood.
Nominate someone for the 2023 Women in CRE Spotlight TODAY!
August 11, 2023
We are now accepting nominations and reservations for our annual WOMEN IN COMMERCIAL REAL ESTATE Spotlight! Being published in our September 29th issue, NEREJ will once again be recognizing the outstanding women from New England's commercial real estate industry and offering our readers key insights on their personal and professional achievements.