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Marcus & Millichap arranges $3.4m sale of 16,637 s/f office building
January 6, 2023
WALTHAM, MA Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has sold 230 Second Ave., a 16,637 s/f office property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3.4 million.
Bulfinch leases 17,000 s/f to Xenon Pharmaceuticals at 117 Kendrick St. in Needham, MA
January 6, 2023
Needham, MA An affiliate of The Bulfinch Companies, Inc., a commercial real estate and investment firm, has joined a new lease with Xenon Pharmaceuticals, Inc. for 17,000 s/f at 117 Kendrick St.
Horvath & Tremblay represents the sale of ConvenientMD in Burlington, MA for $7.37 million
January 6, 2023
Burlington, MA Todd Tremblay and Bob Horvath of Horvath & Tremblay have completed the sale of ConvenientMD. Horvath & Tremblay represented the seller while Danny Griffin and Eric Suffoletto of SRS Real Estate Partners procured the buyer to complete the transaction at a sale price of $7,370,214 million.
Carter of North Branch Construction earns Certified Safety Professional credential
January 6, 2023
Concord, NH Don Carter, safety specialist at North Branch Construction has earned the Board of Certified Safety Professionals (BCSP) Certified Safety Professional (CSP) credential.
Kelleher & Sadowsky finalize 28,655 s/f lease transaction for Bright Planet Solar
January 6, 2023
Worcester, MA Kelleher & Sadowsky Associates completed a lease transaction for the 28,655 s/f industrial building located at 1451 Grafton St.
R.W. Holmes negotiates the sale of 112-unit Albemarle Gardens in Wayland, MA for $29.55 million
January 6, 2023
Wayland, MA R.W. Holmes, a commercial brokerage firm serving tenants and landlords in Massachusetts for over 45 years, has negotiated the sale of Albemarle Gardens, a 112-unit multifamily community for $29.55 million.
NH CIBOR president’s message 2023: move the industry’s interests forward - by Matthew Bacon
January 6, 2023
With a new year upon us and the holidays over, I would like to take the opportunity to thank you for the great honor of being part of the team elected to serve NH CIBOR and NECPE. Many top-tier professionals have served these boards over our 46+ year history, and it is this team of volunteer leaders that will work to make 2023 a very successful year for these great organizations.
New Hampshire Spotlight: Looking ahead into 2023: rising interest rates & CRE sales - by Bill Norton...
January 6, 2023
Well. We all made it through 2022. It was a bit rocky but not too bad. Interest rates are up. Construction cost are still way up. Consequently, existing buildings look cheap (well at least “reasonable” in comparison).
Davis joins Roche Realty Group
January 6, 2023
Meredith, NH Frank Roche, president of Roche Realty Group, Inc., with offices in Meredith and Laconia, has said that Kathy Davis has recently joined the real estate firm.
Prolman Realty sells 2,200 s/f at 115 Daniel Webster Hwy. to SANRA LLC
January 6, 2023
Nashua, NH Prolman Realty, Inc. has sold 115 Daniel Webster Hwy. to SANRA, LLC who plans on converting the former Bar Harbor bank branch into a dental practice, according to Mark Prolman.
Manzo Freeman Development engages LEX to lead IPO for The Landing at One Chestnut
January 6, 2023
Nashua, NH Manzo Freeman Development (MFD), a privately-owned commercial real estate firm, has engaged LEX Markets (LEX), a commercial real estate marketplace, to lead the initial public offering (IPO) for The Landing at One Chestnut, a mixed-use commercial mill property.
MEREDA inducts four individuals to honorary board as directors emeritus
January 6, 2023
PORTLAND, Maine The Maine Real Estate and Development Association (MEREDA) inducted four individuals to their Honorary Board as directors emeritus.
Colliers hires Braseth and Wright to its brokerage group
January 6, 2023
Portsmouth, NH Colliers, a global leader in commercial real estate services, has hired Tim Braseth to the Colliers team in Portsmouth, NH and Blake Wright to the Colliers team in Portland, Maine.
East Brown Cow hires Demler for multiple roles
January 6, 2023
Portland, ME East Brown Cow, a real estate investment, development and management firm has hired Natalie Demler.
Goldman Group proceeds with redevelopment of 41,212 s/f Olde Federal Building in Augusta, ME
January 6, 2023
Augusta, ME The Goldman Group has been approved by the city’s Planning Board to redevelop the Olde Federal Building, located at 295 Water St. Built in the late 1800s, this historic government building, which has hosted the city’s court and post office, is listed on the National Register of Historic Places.
Saulnier of MANSARD completes $8 million sale of 80,000 s/f warehouse to RJ Kelly Co.
January 6, 2023
Dover, NH Taylor Saulnier, CCIM, of MANSARD facilitated the $8 million sale of 44 Industrial Park Dr. The 80,000 s/f warehouse is utilized as a distribution facility.
Rohrer and Nesmith of Colliers sell 30 Temple St. for $10.7 million - sold by Creg-Temple Street, LL...
January 6, 2023
Nashua, NH Colliers has sold 30 Temple St. for $10.7 million. The 119,500 s/f Class-A office building has a diverse tenant mix and was roughly 20% vacant at the time of the sale.
Torrington Properties acquires 175,000 s/f Fort Eddy Shopping Center for $30 million
January 6, 2023
Concord, NH Torrington Properties has acquired the Fort Eddy Shopping Center for $30 million. The 175,000 s/f shopping center is fully leased and is the current home of Shaw’s, Books-A-Million, Staples, Eastern Mountain Sports, Five Guys Burgers & Fries, GameStop, H&R Block, Moritomo Japanese Restaurant and more.
2022 Year in Review: Kristin Pine, Fairstead
December 30, 2022
What was your most important professional accomplishment or most notable project, deal, or transaction in 2022? My most rewarding professional accomplishment in 2022 was my volunteer work on the board of directors for IREM Boston (Chapter #4).
2022 Year in Review: Clara Wineberg, SCB
December 30, 2022
What person, project, transaction or market trend had the greatest impact on your industry this year? Just like the boom in Silicon Valley at the turn of the 21st century that transformed the technology landscape, the Boston life science industry is seeing similar advancements.