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On-site portable storage containers offer strategic, innovative, and customized solutions
July 7, 2023
The use of on-site portable storage containers is rapidly on the rise, as a resilient and strategic space solution. In 2019, IBIS World projected the storage container industry would grow 0.7% annually, with $8.9 billion on the books by year end. Fast forward three years, and industry trends reveal market growth of 3.9% in 2022, with $11.8 billion in annual revenue.
CAI urges transparency in the Fannie Mae and Freddie Mac condo lending requirements
July 7, 2023
The Community Associations Institute (CAI), the international leader for community association education, governance, and management, partnered with the Community Home Lenders of America (CHLA) and the National Association of Realtors (NAR) to voice concerns about the Fannie Mae and Freddie Mac condo lending guidelines in a June 21st letter to the Federal Housing Finance Agency
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BOMA Boston Update: Fishing Tournament, BOMA Golf Tournament and BOMI classes
July 7, 2023
Boston, MA On June 16th, 110 BOMA Boston members and their guests set out from Liberty Wharf to enjoy a few hours of fishing, led by 21 experienced captains. Afterwards, attendees enjoyed an awards luncheon at Tony C’s in the Seaport to see who caught the largest and most fish! Thank you to our tournament sponsor, Stanley Elevator!
CoreNet Global New England president’s message: Sharing best practices & thought leadership
July 7, 2023
CoreNet is an incredible community whose members collaborate, share insights, and look to elevate the real estate industry as a whole. One of the biggest benefits of being part of this network is the ability to learn from what other organizations are doing to take advantage of similar opportunities within the industry.
Beirne named as deputy director of capital management at Massachusetts Housing Investment Corp.
July 7, 2023
Boston, MA Massachusetts Housing Investment Corporation (MHIC), an innovative private, non-profit financier in affordable housing and community development in New England, has appointed Sean Beirne as Deputy Director of Capital Management. For the past decade, Beirne has worked in banking and finance with a focus on investment and fund analysis and management.
John M. Corcoran & Company names Ruzzo as executive vice president - property management
July 7, 2023
Braintree, MA John M. Corcoran & Company (JMC) has named Robert Ruzzo as executive vice president - property management for the company. In this role he is the primary business leader for the company’s property management operations, charged with achieving property, portfolio and company profit objectives and leading the growth of the property management division.
Building decarbonization in Mass. - by Scott Howe
July 7, 2023
As emission reduction mandates gain traction in Massachusetts, commercial building owners face growing pressure to adopt sustainable practices. With the implementation of stretch energy codes and net zero opt-in energy codes in communities throughout the state, decarbonization is becoming mandatory in many places. While a path to compliance may seem daunting and expensive, it also presents an opportunity for proactive businesses to gain a competitive advantage and save money.
Affordable Housing Finance Magazine ranks Dakota Partners as number 34 on Top 50 Affordable Housing ...
July 7, 2023
Waltham, MA According to Dakota Partners, a leading real estate development firm specializing in the creation of affordable housing, it has ranked as number 34 on Affordable Housing Finance (AHF) Magazine’s “Top 50 Affordable Housing Developers” list for 2022.
MassDevelopment issues $32.5m bond on behalf of Agawam Village LLC
July 7, 2023
Ipswich, MA MassDevelopment has issued a $32.5 million tax-exempt bond on behalf of Agawam Village LLC, an affiliate of Ipswich Housing Authority (IHA), which will use proceeds to buy and renovate the Agawam Village affordable multifamily rental housing complex. Built in the 1970s, Agawam Village is comprised of 80 one-bedroom units, four two-bedroom units, eight three-bedroom units, and two four-bedroom units across seven buildings.
Hines unveils the first look at The Ritz-Carlton Residences, South Station Tower
July 7, 2023
Boston, MA Hines, the global real estate investment, development, and property manager, has given the first reveal of the interiors of The Ritz-Carlton Residences, South Station Tower, located on the upper 16 floors of the highly anticipated South Station Tower development. The skyline-defining tower has been thoughtfully designed by global placemaker Pelli Clarke & Partners,
Commonwealth sells property to Cruz Development Corp. for housing redevelopment
July 7, 2023
New Bedford, MA According to the Healey-Driscoll administration, the state closed on the sale of a 1.417 acre parcel to Cruz Development Corp., enabling the transformation of this previously state-owned property into housing. Cruz Development, a third-generation family business and Minority Business Enterprise (MBE), plans to develop the property
Coulombe joins New England Heritage Properties as vice president
July 7, 2023
Lowell, MA New England Heritage Properties, a family-owned property management company, has hired Derek Coulombe as vice president of acquisitions. In his role, Coulombe will strengthen and advance Heritage Properties’ investment capabilities, identifying and structuring new multi-family acquisition and development opportunities.
Calare Properties develops 125,000 s/f industrial facility - ARCO National Construction serves as ge...
July 7, 2023
Saco, ME Calare Properties (Calare) celebrates the completion of 45 Industrial Park Rd., a class A warehouse/logistics development. The nearly 125,000 s/f facility will serve as a key distribution hub for a globally recognized snack food manufacturer. Project costs were not disclosed.
Electric Supply Center names Girouard as director of business development
July 7, 2023
Burlington, MA Electric Supply Center (ESC), the industry leader in the electrical distribution in the New England region, has named James Girouard as the new director of business development. With a remarkable entrepreneurial journey and a proven track record of driving business growth, Girouard brings a wealth of experience and expertise to ESC’s expanding team.
FoxRock Properties begins pre-leasing of Ashlar Park in Quincy
July 7, 2023
Quincy, MA According to FoxRock Properties, a real estate investment, development, and management firm, the next phase of Ashlar Park’s apartment community, the Skyline Building, has begun preleasing. Taking its name from the views of the Boston skyline it offers, the Skyline Building is situated on the northwestern side of the Ashlar Park campus
PROCON and Kraft Group hold ribbon-cutting for Rand-Whitney’s and Unified Global Packaging Groupâ€...
July 7, 2023
Boylston, MA A project nearly two decades in the making finally came to fruition with a ribbon-cutting ceremony for Rand-Whitney’s new packaging facility. The new 384,000 s/f facility has 32 shipping bays, 100,000 s/f of storage capabilities and a new equipment BHS Corrugator which produces eight million s/f daily.
Syska Hennessy broadens Boston office capabilities with four key hires
July 7, 2023
Boston, MA The Boston office of Syska Hennessy Group has added four specialists to enhance local capabilities in life sciences, sustainability, data centers, and power systems, according to Andrew Krenning, associate partner and leader of the local office.
Greystar Real Estate Partners welcomes first residents to Mason
July 7, 2023
Everett, MA Greystar Real Estate Partners, LLC (Greystar) welcomed the first move-ins at Mason, a newly constructed residential community in the Commercial Triangle District of the city. Designed to impress by CBT Architects, Mason blends natural beauty with an industrial edge. Residents will enjoy modern amenities and dedicated work areas in a rising neighborhood
Jefferson Apartment Group completes 168-unit J Woburn Heights project
July 7, 2023
Woburn, MA J Woburn Heights, the newest apartment community by Jefferson Apartment Group (JAG), has delivered and welcomed their first residents. The project is a joint venture with SpringHarbor Financial Group. J Woburn Heights is a 168-unit, garden-style community across four buildings on nine acres,