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NeighborWorks Housing Solutions cuts ribbon on 18 units in Quincy
June 2, 2023
Quincy, MA In partnership with the city and mayor Thomas Koch, Curtis Construction, West-Work Architects, and Father Bill’s and MainSpring, NeighborWorks Housing Solutions celebrated the ribbon-cutting of their newest development,
Massachusetts Housing Investment Corp. and Conservation Law Foundation close second Healthy Neighbor...
June 2, 2023
Boston, MA Massachusetts Housing Investment Corp. (MHIC) and Conservation Law Foundation (CLF) completed the closing of the second Healthy Neighborhoods Equity Fund (HNEF), securing commitments from nine diverse investors, including health systems, banks, and foundations. Doubling the size of HNEF I, the $42 million HNEF II is expected to finance over 450 homes
Mayor Ballantyne, Greystar & Consigli celebrate topping out of 74M project - 465,000 s/f purpose-bui...
June 2, 2023
Somerville, MA Mayor Katjana Ballantyne joined Greystar and Consigli to celebrate the topping out of 74 Middlesex Ave. (74M), a 17-story, 465,000 s/f purpose-built lab office building in the Assembly Sq. district of the city, which is redefining itself as a hub for research and development.
Boston area mayors sign historic compact committing to DEI standards in real estate development proj...
June 2, 2023
Boston, MA Mayors from Cambridge, Lynn, Salem and Somerville joined with leaders from the city of Boston and lieutenant governor Kim Driscoll to sign the CommonWealth Development Compact, committing to historic 25% Diversity, Equity, and Inclusion (DEI) evaluation criteria in public real estate development projects
Northeast Private Client Group sells 24-unit Belden Sq. for $9.7 million
June 2, 2023
Norwalk, CT Northeast Private Client Group (NEPCG) sold Belden Sq. for $9.7 million. Senior VP investments, Brad Balletto, along with senior associates Rich Edwards and Jeff Wright, represented the seller
NH CIBOR president’s message June 2023 - Matthew Bacon
June 2, 2023
Approaching election years is always interesting from a public policy and advocacy standpoint, and 2023 is no different. From WOTUS (Waters of the US) policy changes that are highly politically charged and manipulated, to fiscal policy discrepancies between major political stakeholders, we can expect many more changes in the near term.
DeStefano & Associates completes interior renovation of 8,000 s/f space
June 2, 2023
Manchester, NH DeStefano & Associates, Inc., (DAI) has completed the interior renovation of an existing 8,000 s/f clubhouse amenity building located at a residential complex, Halstead Countryside, designed by SV Design Architects.
Elm Grove Companies to convert 96 apartments to affordable housing
June 2, 2023
Rochester, NH Real Estate development firm Elm Grove Companies is renovating Country Brook Apartments, converting 96 market-rate apartments to a workforce housing community at 68 Hemingway Dr. Utilizing a relatively new income averaging program under the federal Low-Income Housing Tax Credit (LIHTC) program rules, the renovated units will provide homes to families who earn between 20% and 80% of Area Median Income (AMI)
Vakili joins Metrowest Commercial Real Estate
June 2, 2023
Southborough, MA Mohammad Vakili has joined Metrowest Commercial Real Estate. Vakili has been an active member of the Metrowest community for over 30 years, and is looking forward to be turning his focus toward commercial real estate. Vakili’s background
Boston Realty Advisors represents Roxbury Prep Charter School in land purchase - $5.4 million
June 2, 2023
Boston, MA Boston Realty Advisors represented longtime client Roxbury Prep Charter School in the purchase of property in the Newmarket neighborhood of Roxbury for construction of a new 83,000 s/f high school building.
Avison Young appoints Dolan as managing director for New England market
June 2, 2023
Boston, MA Avison Young appointed John Dolan as managing director of the New England market which includes offices in both Boston and Hartford. He will take on the leadership role and focus on talent recruitment, client services and business development opportunities. Dolan joined
Trammell Crow Company and Diamond Realty break ground on 323,750 s/f industrial development
June 2, 2023
Merrimack, NH The Boston office of Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner Diamond Realty Investments broke ground on 50 Robert Milligan Pkwy. (50 RMP) with an official ceremony hosted on May 18. Construction is now underway on the 323,750 s/f class A industrial building, which will deliver in Q4 2023. The JV closed on the land for the development in December 2022.
DeNoble joins Greystar Real Estate Partners, LLC as senior director, life science investment managem...
June 2, 2023
Boston, MA According to Greystar Real Estate Partners, LLC, a global leader in the investment, development, and management of real estate including rental housing, logistics, and life sciences, Matt DeNoble has joined the company as senior director, life science investment management
JLL and Kelleher & Sadowsky lease 47,978 s/f at 50 Washington Street
June 2, 2023
Westborough, MA JLL said that the University of Massachusetts (UMass) President’s Office has leased 47,978 s/f at 50 Washington St., a 92,600 s/f three-story office building, to relocate from its Shrewsbury location. With identity on Rte. 9 at the I-495 cloverleaf, the
KIRCO acquires Brookmeadow at Blue Hills senior living community
June 2, 2023
Stoughton, MA KIRCO, a nationally recognized full-service corporate real estate and investment company, has acquired senior living community, Brookmeadow at Blue Hills. This 91-unit assisted living and memory care facility was built in 2009 and presented a compelling opportunity for KIRCO
North Easton Savings Bank breaks ground on new Plymouth branch at 3 Commerce Way
June 2, 2023
Plymouth, MA North Easton Savings Bank (NESB) held a groundbreaking ceremony on Tuesday, May 16th at the site of its new branch at 3 Commerce Way in the Cranberry Crescent Plaza.
RISE and Matarazzo Family close on financing for 4054 Mystic Valley Parkway development
June 2, 2023
Medford, MA RISE, a Boston-based minority-owned development and construction company, and the Matarazzo Family, a long-time Medford property owner, have closed on financing for an eight-story laboratory development at 4054 Mystic
Day’s Jewelers expands headquarters to 10,972 s/f space at 21 College Avenue
June 2, 2023
Waterville, ME The corporate office for Day’s Jewlers has been located at 88 Main St for 20 years. With the office’s lease up for renewal in May 2023, and an expanding corporate team with a growth mindset, the company embarked on a mission to find a new location that would accommodate an increasing number of staff members.
CBRE Hotels completes sale of Town & Country Stowe hotel at 876 Mountain Road
June 2, 2023
Stowe, VT CBRE Hotels has completed the sale of Town & Country Stowe, a 54-room, class A hotel located at 876 Mountain Rd. Located on nine acres along Stowe’s Mountain Rd., leading directly from Stowe village to the ski area at Mt. Mansfield, the recently renovated property was sold by Hotel Sportiva Stowe LLC.
Saulnier of MANSARD completes $725,000 sale of 10,300 s/f commercial building
June 2, 2023
Allenstown, NH Taylor Saulnier, CCIM of MANSARD completed the $725,000 sale of 77 Turnpike St.. The 10,300 s/f building is positioned on a visible 1.93-acre corner lot on Rte. 3.