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Cracks in the wall - by Bill Pastuszek
March 31, 2023
I usually write a market update this time of year and have a look at industrial and office markets. Conventional wisdom rated 2022 as a transitional year with “blue skies forever” optimism largely gone. After the shock of the COVID shutdown and the dramatic rebound, new realities have set in.
Federal Realty Investment Trust leases 75,000 s/f of retail space at Darien Commons - Solidcore, Cho...
March 31, 2023
Darien, CT Federal Realty Investment Trust has 100% leased the first phase of residential, and move-ins have begun in the second building at Darien Commons. Solidcore, Choice Pet and OVME are now open with sweetgreen expected to begin serving customers by the end of the March.
BioMed Realty leases to chef Lydia Shire at 492,000 s/f Seaport Science Center
March 31, 2023
Boston, MA BioMed Realty, a Blackstone portfolio company and provider of real estate solutions to the life science and technology industries, executed a lease with James Beard award-winning chef Lydia Shire for a restaurant concept at Seaport Science Center, a 492,000 s/f life science redevelopment.
Atlantic Capital Partners sells four Stop & Shop-anchored assets for $70 million
March 31, 2023
Swampscott, MA Atlantic Capital Partners has sold four Stop & Shop assets for $70 million totaling 272,542 s/f. The portfolio consisted of assets in the communities of Malden, Swampscott, Framingham, and Bristol, RI. Justin Smith, head of Capital Markets; Chris Peterson, vice president of Capital Markets; and Sam Koonce, associate, oversaw the transaction which had Atlantic Capital Partners exclusively representing both buyer and seller.
Property repair and improvement costs before a sale and 1031 exchanges - by Lynne Bagby
March 31, 2023
It is common for many New England real estate investors to make repairs, updates, and improvements to enhance an investment property in preparation for listing with a real estate agent or broker for sale. A commonly asked question by investors in New England is, “Can I be reimbursed from the 1031 exchange for the costs associated
Project of the Month: Dellbrook|JKS breaks ground on 2Life Communities’ Opus Newton - 351,000 s/f ...
March 31, 2023
Newton, MA On March 6th, 2023, New England construction management firm Dellbrook|JKS broke ground on Opus Newton by 2Life Communities, alongside its architect Perkins Eastman. The new development will provide middle-market seniors with a more affordable living option,
Acella Construction Corporation names Schrader as president
March 24, 2023
Pembroke, MA Acella Construction Corp., now celebrating its 20th year in business, has named Saul Schrader as company president, following in the footsteps of Dave Dirubbo.
Project of the Month: Windover Construction and Embarc
complete second phase of Harborwalk Apar...
March 24, 2023
Plymouth, MA Windover Construction and Embarc have completed a 165,000 s/f development for Cathartes as the second phase of Harborwalk Apartments. The newest phase in the luxury apartment community includes a four-story building with 147 apartments ranging from studios to three-bedroom units, as well as community spaces,
My door is always open, and I value members’ input to help set ASM priorities by
March 24, 2023
It has been a great start to my tenure as CEO/executive director at Associated Subcontractors of Massachusetts. I appreciate the warm welcome I have received and the opportunity to meet many of our members at ASM programming events over the past month.
Chairman’s Message: Construction careers are fulfilling - by Vera Vadeboncoeur
March 24, 2023
One of the biggest challenges our industry faces is finding enough qualified workers to meet the demand for construction services. In that environment, we don’t have the luxury of ignoring any pool of potential talent.
Libby of Suffolk named industry leader by Construction Dive
March 24, 2023
Boston, MA This year marks the 25th annual Women in Construction Week, celebrating women in construction and highlighting their important contributions to the industry. Suffolk Construction project executive Libby Murphy has been selected by Construction Dive as one of just a handful of women across the country to receive its 2023 Construction Champions Award.
Hired Hands adds new plumbing division
March 24, 2023
Beverly, MA Hired Hands, the handyman/maintenance division of The Remodeling Company, has added a new plumbing division to their list of services. The plumbing division will enable The Remodeling Co. to keep all plumbing work in-house on their remodeling projects, which will provide cost savings to its clients while also enabling the company to offer top quality plumbing repairs and other services to residential and commercial customers as a stand-alone service.
Arcadis DPS Group hires Oldham as director of project management
March 24, 2023
Boston, MA Arcadis DPS Group has hired Chris Oldham as director of project management. Reporting to senior vice president of project operations Paul DePriest, Oldham will be responsible for all operations and projects while managing the DPS office’s expanding team of project management professionals.
Colantonio hires Coates and Stallone
March 24, 2023
Holliston, MA Construction manager Colantonio Inc. is pleased to announce their recent hire of project superintendents Gregory Coates and James Stallone. Coates joins the firm with nearly 40 years of construction experience as a project superintendent and a BS in Civil Engineering Technology from Wentworth Institute of Technology.
Bozzuto Construction Co. promotes Rennie to vice president
March 24, 2023
Boston, MA Bozzuto Construction Company (BCC), the construction arm of Bozzuto, has promoted Brian Rennie to vice president. In his new role, Rennie will be responsible for overseeing the company’s full project portfolio and construction operations in Greater Boston, as well as all renovation and capital improvement projects throughout Maryland, Virginia, and Washington, D.C.
Polar Design Build to complete 34,000 s/f project for Kenworth
March 24, 2023
Middleton, MA Polar Design Build, Inc. has been selected to complete a 34,000 s/f showroom, office and service area for Kenworth Northeast. Kenworth Northeast is a full-service dealership including showroom, parts, and service. Spanning from New York to Rhode Island, Kenworth Northeast is committed to provide its customers with the best medium and heavy-duty trucks, service, and quality parts.
Browne joins board of Caritas Communities
March 24, 2023
Braintree, MA Caritas Communities, a non-profit provider of low-income housing and services with a mission to prevent homelessness, welcomes Keita Browne of Sanofi to its board of directors. Browne is currently the head of finance, U.S. Rare Disease at Sanofi where he is responsible for the end-to-end management of a $1 billion P&L (7 therapies across 5 disease states) and for driving rare disease financial strategy.
Acella Construction promotes Ceurvels to project manager
March 24, 2023
Pembroke, MA Acella Construction Corp. has promoted Laura Ceurvels to project manager. In this role, she is responsible for overseeing multiple projects with a focus on higher education assignments including several design and construction projects at Northeastern University and MIT.
Davis holds topping off ceremony at 101 Smith Place, Cambridge, MA
March 24, 2023
Cambridge, MA The Davis Companies (Davis) celebrated the topping off of a new 161,616 s/f class A lab development at 101 Smith Place. The development is one of four buildings that comprise The Quad life science campus, West Cambridge’s newest hub for innovation and creative thinking.
Edwards facility earns DBIA award - Dacon Corp. provides design/build services
March 24, 2023
Haverhill, MA The recently opened Edwards’ Haverhill facility, which Dacon Corp. provided design/build services for, has won first place at the DBIA New England Awards for vertical construction.