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Benefits of exchanging into Delaware Statutory Trust properties - by Dwight Kay
January 27, 2023
There are a number of potential benefits associated with exchanging into a Delaware Statutory Trust (DST) 1031 property. However, it is important to note that these potential benefits should also always be carefully weighed with the potential risks that are possible with DST investments, and as with all real estate investments
Project of the Month: DeStefano & Associates, Inc. completes design and construction of 36 apartment...
January 27, 2023
Haverhill, MA DeStefano & Associates, Inc. (DAI) has completed the design and construction of 36 apartments in the former St. Joseph’s School, known as the Lofts at St. Joseph. The school was built in 1888 and was active for 129 years, providing Catholic education to many families ranging from nursery school through eighth grade.
Bulfinch’s DiOrio awarded Excellence in CRE Law 2022
January 27, 2023
Boston, MA According to The Bulfinch Companies, Inc. (Bulfinch), its managing director and general counsel, Mark DiOrio, was awarded Boston Real Estate Times’ Excellence in Commercial Real Estate Law 2022 at the 2022 Excellence Awards gala.
Cushman & Wakefield arranges 260,150 s/f lease for Martignetti Cos.
January 27, 2023
Taunton, MA Cushman & Wakefield has arranged a 260,150 s/f lease for Ferguson Plumbing Supply at the Taunton Trade Center located at 300 Charles F. Colton Rd. Cushman & Wakefield’s Phillip Verre, Rob Byrne, Pete Whoriskey and Paul Leone represented the landlord, Martignetti Companies
Erland Construction promotes four and elects a new board member
January 27, 2023
Burlington, MA Erland Construction has completed the promotion of four employees to new roles that support the continued success and growth of the firm. Matt Combs has been promoted to project executive and will be acting in this capacity for the advanced technology/life sciences group. Combs’s transition to project executive
CBRE arranges sale of 65-property, 7,865-key hotel portfolio located across 27 states worth $514 mil...
January 27, 2023
Boston, MA CBRE has arranged the sale of a 65-property, 7,865-key hotel portfolio located across 27 states. Massachusetts-based REIT, Service Properties Trust, sold the portfolio to 21 separate buyers for a total consideration of $514 million.
CBL Properties and Vision Hospitality Group to develop Element by Westin
January 13, 2023
Wilmington, NC CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. plans to develop a 139-room Element by Westin at Mayfaire Town Center. The new hotel marks the brand’s entrance into the Wilmington
Treasurer Goldberg presents $107.3m in grants for water projects
January 20, 2023
Boston, MA According to state treasurer Deborah Goldberg, chair of the Massachusetts Clean Water Trust (Trust) board of trustees, more than $107.3 million in grants were awarded for 43 projects in 35 communities across the Commonwealth.
NAI Glickman Kovago represents Harrell’s in 24,000 s/f lease renewal
January 20, 2023
Auburn, MA Harrell’s has signed a lease renewal to occupy 24,000 s/f of warehouse space at 19 Technology Dr. Harrell’s will use the property as a distribution facility for their business in New England. Harrell’s was represented by NAI Glickman Kovago & Jacobs principal, James Glickman, and vice presidents, Cody Miner and Nolan Ryan.
New England closes Q3 2022 with 110 projects and 12,269 rooms in its hotel construction pipeline - ...
January 20, 2023
As seen in the Q3 2022 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total New England hotel construction pipeline at the end of the third quarter stands at 110 projects/12,269 rooms.
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Clear the air: A guide to increased productivity and happier tenants through better IAQ
January 20, 2023
Boston, MA Before COVID-19, most people didn’t give their at-work air quality a second thought. It was an invisible problem, and easy to ignore. But times have changed. The pandemic raised awareness of virus transmission as well as the negative effects of poor indoor air quality (IAQ) on overall health and longevity.
Melanson of MANSARD completes agreement at 17 Malcolm Hoyt Dr.
January 20, 2023
Newburyport, MA Chris Melanson, commercial real estate advisor of MANSARD, completed a lease agreement at 17 Malcolm Hoyt Dr., a 14,217 s/f flex, light distribution and industrial space.
MassDevelopment sells 1550 Main to Mittas Holdings and DGP Properties
January 20, 2023
Springfield , MA After 13 years of ownership, MassDevelopment has sold 1550 Main to Mittas Holdings, LLC and DGP Properties, LLC, owned by Vidhyadhar Mitta and Dinesh Patel, respectively.
Gray, Gray & Gray, LLP names Burgett as the firm’s first chief people officer
January 20, 2023
Canton, MA According to Gray, Gray & Gray, LLP, a consulting, accounting and business advisory firm, Alison Burgett was named the firm’s first chief people officer.
Colliers represents KS Partners in 30,000 s/f lease at 3 Allied Dr.
January 20, 2023
Dedham, MA Colliers has arranged five leases at 3 Allied Dr. totaling 30,000 s/f. Colliers completed the transactions on behalf of the landlord, KS Partners and the deals bring the class A, 161,078 s/f office facility to 100% occupied.
Kelleher and Pentore of Horvath & Tremblay broker $12.85 million sale of 22-unit Pleasant Court Apar...
January 20, 2023
Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of The Pleasant Court Apartments, a 22-unit apartment building.
The Conrad Group completes $3.2 million sale of 104 Longwater Dr.
January 20, 2023
Norwell, MA The Conrad Group has completed the sale of 104 Longwater Dr. for $3.2 million. The property, fully leased to five tenants at the time of sale, is located in Assinippi Park.
Kelleher & Sadowsky represents seller in $19.9 million sale of Westboro Executive Park
January 20, 2023
Westborough, MA Westboro Executive Park, a three-building class A office park totaling 217,288 s/f, located at 110, 112, and 114 Turnpike Rd.
Chairman’s message: Optimism amid stressful times - by Vera Vadeboncoeur
January 20, 2023
It’s an honor to serve as chairperson of ABC Massachusetts for 2023, and to be the first woman to chair our chapter. It’s a particular honor to do so when five of the commonwealth’s six constitutional offices are held by women.
TFMoran’s Griffin earns professional engineer license for the state of New Hampshire
January 20, 2023
Portsmouth, NH Andrew Griffin, PE, has earned his professional engineer license for the state of New Hampshire. Griffin serves as a structural project engineer at TFMoran.