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Giuttari and Mitchell of MG Commercial sell 22,500 s/f office for $3.15 million
June 9, 2023
Cranston, RI Mike Giuttari, SIOR and Leeds Mitchell, SIOR of MG Commercial have sold a 22,500 s/f office building located at 1 Capital Way for WJS LLC of Providence, to Comprehensive Community Action, Inc. of Cranston for $3.15 million.
DeStefano & Associates, Inc. completes construction of new 15,000 s/f warehouse
June 9, 2023
Portland, ME DeStefano & Associates, Inc. has completed the ground-up construction of a new 15,000 s/f warehouse at 165 Industrial Way. A.E. Hodsdon Consulting Engineers was the Architect.
Atlantic Commercial Real Estate, LLC facilitates 2,000 s/f sublease
June 9, 2023
Canton, MA Atlantic Commercial Real Estate, LLC completed a sublease transaction of 2,000 s/f of warehouse space at 118 Will Dr. to Tony Chen of A1 Innovation. A1 Innovation designs and distributes affordable and reliable, energy-saving technology
MassDev. and HarborOne Bank provide $11.28m loan to 54 Union St.
June 9, 2023
Attleboro, MA MassDevelopment has partnered with HarborOne Bank to provide $11,279,760 in loan financing to 54 Union Street, LLC, led by developer Jonathan Cozzens, to renovate and convert a former mill and manufacturing facility at 54 Union St. in downtown i
What’s UP with that? - by Kyle Kadish
June 9, 2023
Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)
Road to Responsibility receives donation from the Edwin M. Johnston Jr. Family Foundation
June 9, 2023
Kingston, MA As it has for the past six years, Road to Responsibility (RTR), one of the region’s largest and most successful nonprofit organizations supporting individuals with intellectual and developmental disabilities, is the grateful recipient of a donation from the Edwin M. Johnston Jr. Family Foundation.
Chestnut Hill Realty founder and CEO Ed Zuker receives Humanitarian Award
June 9, 2023
Waltham, MA Ed Zuker, founder and CEO of Chestnut Hill Realty, received the Max Michelson Humanitarian Award at Jewish Family Services (JFS) of Metrowest’s annual Seize the Dream event held on May 11.
Parallel and Black CannaBusiness work to shrink the equity gap and empower cannabis CEOs of color
June 9, 2023
Boston, MA Despite state-led efforts to promote equity in cannabis, Black entrepreneurs in Massachusetts still comprise less than 2% of the owners in the industry, according to a jobs report published by Leafly. Meanwhile, the legal cannabis industry in the United States is forecasted to reach $50.7 billion by 2028.
Suffolk hosts first-ever Memorial Day Flag Dedication at Roxbury headquarters
June 9, 2023
Boston, MA Suffolk, one of the largest and most innovative builders in the country known as “America’s Contractor,” hosted a Memorial Day Flag Dedication at its headquarters at 65 Allerton St. in Roxbury. The flag dedication event was organized by Suffolk’s Veteran Business Resource Group,
Celebrating Juneteenth, Cruz Companies recommits to community service & stewardship
June 9, 2023
Boston, MA One of the country’s oldest and largest Black-owned construction and real estate enterprises, Cruz Companies, has announced its support and involvement in a range of regional initiatives and community activities on the occasion of Juneteenth.
Wood of SVN | Parsons Commercial Group | Boston brokers sale of 10,750 s/f industrial building in H...
June 9, 2023
Hudson, MA SVN | Parsons Commercial Group | Boston has completed the sale of a 10,750 s/f industrial warehouse building at 561 Main St. to 561 Main St Best LLC for $2.025 million. Senior advisor Alex Wood of SVN | Parsons represented the seller, 561 Main Street Hudson LLC,
Herrick Lutts Realty Partners completes $2.075 million 17-unit portfolio sale
June 9, 2023
Salem, MA Herrick Lutts Realty Partners has completed the sale of 17 apartment units in three separate buildings in the city. Herrick Lutts partner Nick Zolotas represented the seller. The property includes three separate buildings located at 151, 153 and 157 North St.,
SIOR NE Chapter attends national convention in Montreal
June 9, 2023
Montreal, Canada SIOR held its first convention for 2023 in Montreal. Approximately 15 SIOR New England Chapter members and guests attended this event held at the Fairmont Queen Elizabeth. Over 830 people attended the April 26-29 conference.
Newmark and Nordblom secure 55,975 s/f in leases at Blue Sky Center
June 9, 2023
Burlington, MA Newmark and Nordblom Company arrange two new office and R&D leases totaling 55,975 s/f at Blue Sky Center, a world-class high-tech campus. The new tenants are Nth Cycle, Inc., a clean-tech, metals processing company whose technology supports
Nickerson of Fieldstone Commercial Properties, Inc. facilitates $1.575 million sale
June 9, 2023
Maynard, MA Fieldstone Commercial Properties Inc. has completed the sale of five flex/office condos at 63 Great Rd. for $1.575 million. Nate Nickerson of Fieldstone represented the seller, the LexVest Group, while Eric O’Brien of O’Brien Commercial Properties represented the buyer.
Cummings Properties signs 8,500 s/f in leases to two life science firms
June 9, 2023
Medford, MA Myrobalan Therapeutics and Sunflower Therapeutics have leased a combined 8,500 s/f of converted lab space at Cummings Properties’ 200 Boston Ave.campus. Founded in 2021, Myrobalan Therapeutics is leveraging the latest neuroscientific discoveries
Klein and Manning of Marcus & Millichap arrange
$7.05 million sale of 48,000 s/f small bay indus...
June 9, 2023
North Attleborough, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the sale of 215 Plain St., a 48,000 s/f small bay industrial property. The asset sold for $7.05 million.
Bokon joins Bank of Canton as vice president/commercial lender
May 26, 2023
Canton, MA Bank of Canton has hired Adam Bokon as vice president of commercial lending. With 18 years of experience building and managing commercial loan portfolios in the Hartford
Wise Construction hires project executive, Tyler Virden
May 26, 2023
Winchester, MA Wise Construction has hired Tyler Virden as project executive. His background in pre-construction planning, program management, and complex design-build projects for Science & Technology and Institutional clients will continue to position the firm for future success. In the project
IFMA Boston names new executive director - Olwell to start July 1st
June 2, 2023
Boston, MA The IFMA board of directors has selected the new-to-be executive director effective July 1st. They are pleased to welcome Geo Olwell to the team as your new executive director!