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You can’t manage what you don’t measure - by Jay O'Connor
August 4, 2023
Reasons to submeter electrical and HVAC Loads At standalone and multi-unit properties. As a property owner or manager, we all should understand the importance of managing costs, promoting conservation efforts, and maintaining compliance with regulations. Submetering is a powerful tool that can help you achieve these goals and more.
Brady Capital arranges $10.43 million acquisition
financing for 72-unit Willard St. Apartments
August 4, 2023
Lowell, MA Brady Capital Advisors, LLC (BCA) has arranged and facilitated $10.43 million in acquisition financing for the Willard St. Apartments, a 72-unit, multifamily property located on 1.73 acres at 134-148 Willard St. for a closing that took place on May 30, 2023.
The value of powder coating architectural aluminum façade building products - by Steve Chen
August 4, 2023
The advantages of powder coating are numerous for aluminum building products. Powder coating offers excellent finish, strong performance, and customization, while providing a more environmentally sustainable and cost-effective solution for long-term durability. These advantages are crucial to the architectural industry since environmental concerns and building construction and maintenance costs are ever-increasing.
Davis and TOCCI celebrate topping off of eight-story
102-unit building
August 4, 2023
Boston, MA The Davis Companies (Davis) and TOCCI Construct, LLC (TOCCI) celebrated the topping off of a new luxury residential housing development at 1515 Commonwealth Ave. in the Brighton neighborhood. Upon completion in the fall of 2024, the redevelopment of 1515 Commonwealth Ave.
Su of Schochet Cos. awarded ARM certification at IREM Boston networking event
August 4, 2023
Quincy, MA Weimei Su was installed as an ARM (accredited residential manager) of the Institute of Real Estate Management during a July 13th Boston Friends of IREM Networking and New Member Installation event held at Granite Links Golf Club. Su is an assistant property manager with The Schochet Companies in Boston.
Maugel DeStefano Architects to expand and renovate 48,000 s/f flex building
August 4, 2023
Bedford, MA Maugel DeStefano Architects is working with property owner, EQT Exeter; J. Calnan & Associates and Jaros, Baum & Bolles Consulting Engineers to enhance 36 Middlesex Tpke. to serve life science tenants. The 48,000 s/f single-story flex building will undergo an expansion and renovation to upgrade the building’s entry and lobby and add 6,000 s/f of high-bay space to accommodate GMP tenants or other technical operations requiring height and heavy power.
RISE at 80% completion for Essex St. Lofts - reuse residential community
August 4, 2023
Haverhill, MA RISE, a Boston-based minority-owned developer and construction firm, has reached 80% project completion at 86 Essex St. The residential project, known as the ‘Essex St. Lofts’, is a restoration of a 7-story industrial building in the downtown area. The team recently completed the replacement of 210 windows on the historic façade, and has moved to the next phase of renovating the interior.
Bova joins Seyon Management as vice president of property management
August 4, 2023
Boston, MA Seyon Management has hired Brooke Bova as vice president of property management. In her new capacity, Bova will be responsible for the oversight and day-to-day management of the firm’s national property management team consisting of offices in Boston, Philadelphia, and South Florida. “We are extremely fortunate to have Brooke join our growing team and oversee our property management division.
The Smith No. 99 - 600,000 s/f mixed-use
apartment building available for pre-leasing
August 4, 2023
Boston, MA With city views, a two-story roof deck and one of the most comprehensive amenity programs in the South End, The Smith No. 99 is now ready for pre-leasing. Located between the historic streets of Harrison and Albany at 99 East Dedham St., The Smith No. 99 is in phase two of The Smith mixed-use apartment community which is already on track to earn a 2-star Fitwel rating and is targeting LEED Gold certification.
Groom Construction Awards Scholarships to three students
July 28, 2023
Boston, MA Groom Construction Co., Inc. has awarded three scholarships to local high school students pursuing careers in construction and construction related fields. Groom Construction awarded their annual Diversity, Equity & Inclusion Scholarship to Sharonjit Kaur and the Construction Management Scholarship to Nathan Braz and Harrison Curtis.
A Delaware Statutory Trust guide - How do DSTs work? - by Dwight Kay
July 28, 2023
Investors wanting to know how does a Delaware Statutory Trust work could benefit from a DST 1031 guide that clearly explains Delaware Statutory Trust properties for a 1031 exchange and provides valuable information on topics like:
Is it time for appraisers to start making downward market condition adjustments? - by Josephine Aber...
July 28, 2023
You are going to start seeing downward adjustments in appraisal reports for changing market conditions. Although the issues within the commercial real estate, CRE market are well known, it may be a jarring experience to see the adjustment applied to your property.
Glickman joins NAI Glickman as VP
July 28, 2023
Worcester, MA According to NAI Glickman Kovago & Jacobs, Jonah Glickman joined the team as a vice president with the firm. He will join the firm as a sales professional, involved in facilitating commercial real estate transactions. Glickman brings four-years of banking experience, most recently as a commercial credit analyst at Cornerstone Bank where he analyzed new and existing commercial lending relationships
Pouladians of North Shore Realty Advisors sells 765 Broadway in Everett, MA
July 28, 2023
Everett, MA North Shore Realty Advisors, Inc. has completed the sale of 765 Bdwy. Dan and Sara Pouladian as exclusive agents to United Properties procured the buyer through their private network with over 50 tours and multiple offers.
Cummings Foundation presents annual $30 million Grant Program
July 28, 2023
Boston, MA Summer heralds major growth for 150 greater Boston nonprofits. These community organizations have been awarded substantial multiyear funding through the annual Cummings $30 Million Grant Program. A meaningful percentage of Cummings Foundation’s more than $3 billion in assets is in the form of commercial real estate.
JM Electrical breaks ground on EV charging stations at Marcotte Ford
July 28, 2023
Holyoke, MA JM Electrical has held a groundbreaking of Level 3 Electric Vehicle (EV) charging stations at Marcotte Ford. JM Electrical is one of greater Boston’s largest providers of specialized electrical construction work with service offerings for the latest renewable energy technologies.
O’Hara of Coldwell Banker assists Soda Stop Plus in new location
July 28, 2023
Bridgeport, CT Soda Stop Plus Thrift and Bottle Return purchased a 68,750 s/f industrial warehouse on 3.7 acres at 1100 Boston Ave. where it will relocate its business. The sale price was not disclosed. The Bottle Return Center owned by Fred Miers has been in business for 30 years and will be relocating to its new facility later this year.
The A.D. Makepeace Company partners with the Marion Institute to develop a Farm to Food Relief progr...
July 28, 2023
Plymouth, MA The A.D. Makepeace Company (ADM) is partnering with the Marion Institute to develop a Farm to Food Relief program to grow food for those in need. Known as The Neighborhood Farm at Frogfoot, the six-acre farm will be located on ADM property in a remote area on the Plymouth-Wareham town line.
R.W. Holmes negotiates 33,800 s/f in leases at 40 Kenwood Circle
July 28, 2023
Franklin, MA R.W. Holmes has negotiated a new 9,600 s/f industrial lease, and a renewal of 24,000 s/f, totaling 33,800 s/f at 40 Kenwood Circle. IEH Auto Parts LLC, an automotive parts and products distribution company, signed a new lease of 9,600 s/f at 40 Kenwood Circle. R.W. Holmes executive vice president John Eysenbach and associate Mike Fahy represented the landlord, LMF Franklin Corp.