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O’Brien of Greater Boston Commercial Properties, Inc. handles $2.85m sale
March 10, 2023
Southbridge, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. has brokered the sale of 176 Main St., a 25,789 s/f investment property.
Wronka, Ltd. Commercial Real Estate Advisors brokers $1.5 million sale
March 10, 2023
Woburn, MA Wronka, Ltd. Commercial Real Estate Advisors represented the buyer, Emeth Chapel Christian Church
Synergy Investments acquires Chestnut Place for $10.5 million
March 10, 2023
Worcester, MA Synergy Investments has acquired Chestnut Place, a 273,304 s/f two-building office complex located in the central business district, for $10.5 million. The transaction includes two buildings – One Chestnut Place and Two Chestnut Place – that are over 80% leased, a 211-car garage
Ironworkers Local 7’s Next Committee donates school supplies to teachers, students and families
March 10, 2023
Boston, MA Ironworkers Local 7, one of Boston’s largest unions, joined with several city councilors and community organizations to donate much-needed school supplies to local students, teachers and families as part of an annual campaign
Horvath & Tremblay complete $4.65 million sale of
CVS pharmacy - exclusively represented the sel...
March 10, 2023
Lynn, MA Todd Tremblay and Bob Horvath of Horvath & Tremblay have completed the sale of a CVS pharmacy. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4.65 million.
The Stubblebine Company represents M.I.R. Associates
Realty Trust and 450 King Street LLC in $5....
March 10, 2023
Littleton, MA Micah and David Stubblebine, principals of The Stubblebine Company/CORFAC International, represented the sellers, M.I.R. Associates Realty Trust and 450 King Street LLC, in the sale of 410 Great Rd. and 450 King St.
There’s more to a roof replacement than replacing the roofing
March 3, 2023
Replacing an existing roof system is a required maintenance item that all building managers will encounter at some, or multiple, points over the life of a building. It sounds pretty straightforward – hire a contractor to remove the existing roof system and install a new roof system in kind.
U.S. community association housing market key statistics and trends
March 3, 2023
Boston, MA Condominium communities and homeowners associations continue to be a popular form of housing for many Americans, according to a report published in 2022 by the Foundation for Community Association Research. The 2021-2022 U.S. National and State Statistical Review for Community Association Data showed that 74.2 million Americans,
IREM president’s message: Prepare properties for extreme cold
March 3, 2023
Managing real estate is filled with tough choices and unexpected situations. It is what makes the industry challenging and each day different. This was epitomized by the weather events in early February. Unlike other storms with inches or even feet of snow, this was a different type of storm where
BOMA Boston update: Ski trip, BOMA Benefit, educational offerings and 2023 save the dates
March 3, 2023
Boston, MA On Friday, February 17th BOMA Boston hosted the Annual Ski Trip at Loon Mountain! Members and guests enjoyed a day on the slopes with an all-day ski lift ticket, followed by an après ski reception. This sold-out event is always a favorite for our members.
CoreNet Global NE president’s message: Annual Meeting
March 3, 2023
Our Annual Meeting of the Membership is scheduled for March 22, at the Foundation. I look forward to this event every year! Not only do we invite all members to join us to review and celebrate our achievements in Fiscal Year 2022-2023 and kick off Fiscal Year 2023-2024, we celebrate the graduation of the Leadership 2.0 2022-2023 Cohort, and welcome our new and renewed members of our board of directors.
MGS Group Real Estate named exclusive representative for The Archer Residences
March 3, 2023
Boston, MA MGS Group Real Estate is now the exclusive representative for The Archer Residences in Boston. Located in Beacon Hill, this 62-home boutique offering is the neighborhood’s only fully-amenitized residential building. Fittingly, the firm’s bespoke approach pairs well with this collection of homes
Brady Sullivan to open first single-family rental community in NH at 100% market rate
March 3, 2023
Laconia, NH Lilac Valley Estates is the first community in the state of New Hampshire to offer single-family rental homes at 100% market rate. Established in the lake-side city, located off Rte. 3, there will be 60 newly built single-family, animal-friendly, ranch-style homes available for rent.
A primer on whole-building electrification - by Hall and Alpert
March 3, 2023
What is building electrification? Electrification is the process of transitioning building systems, processes, and components to be powered by electricity rather than by various fossil fuels like oil or natural gas and can be a critical component in efforts to reduce carbon emissions.
NH CIBOR president’s message: Debt market influence on construction lending - by Matthew Bacon
March 3, 2023
Last month, in light of rising interest rates and unchecked inflation, a couple of lending experts were consulted and provided some great insight on broader capital markets and the lending environment changes we’re currently experiencing. Considering the more specialized nature of construction lending, I recently consulted with Michael Mulcahy of Mulcahy Capital, who primarily deals with construction loans for smaller developers.
Much-needed housing projects, should allow jobs to flourish and ultimately support retail shops and ...
March 3, 2023
Well, we made it through Valentine’s and Presidents’ Day! All things considered, not a bad winter–except of course for that horrible record breaking coldsnap that put Mt. Washington on the national news a few weeks ago.
Chittenden County, Vermont: Local companies grow and the housing struggle - by Doug Nedde, Jaeger Ne...
March 3, 2023
Chittenden County, Vermont, like much of the United States and the world, has experienced a volatile commercial real estate market since the pandemic. Industrial space and apartments are experiencing upward pressure in demand and rents, while retail and the office market continue to struggle compared to pre-pandemic numbers.
Martin of Colliers named one of company’s top producers - inducted into the exclusive 2022 Everest...
March 3, 2023
Manchester, NH According to Gil Borok, president and CEO of leading global commercial real estate services firm Colliers, Doug Martin of its Manchester, office has been inducted into the 2022 Everest Club. The Everest Club recognizes the top 10% of all Colliers professionals in brokerage, valuation, and corporate solutions in the U.S. based on revenue production.
Greater Portland retail market vacancy rates continue to drop - by Peter Harrington
March 3, 2023
The Greater Portland retail market continued to remain on solid footing in 2022. The vacancy rate dropped about 1% from 2021 to 4.23%. The same can be said for the national vacancy rate. Nationally, at the end of Q3, the vacancy rate stood at 4.3%, down from 20% just a couple of years ago during the height of the pandemic.
Instead of building houses, we are building scarcity - by Thomas House
March 3, 2023
There is considerable discussion of housing underproduction in the United States, and this is a particular problem in New England that comes with a benefit for homeowners (manufactured scarcity) at a cost for the region. This cost of underproduction is measured in: