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SGA, Lendlease, and Ivanhoé Cambridge break ground on 350,000 s/f - FORUM
December 23, 2022
Allston, MA SGA broke ground on one of the city’s first purpose-built life sciences developments. Representatives from co-developers Lendlease and Ivanhoé Cambridge joined elected officials and project partners at the ceremonial groundbreaking for the development, which will deliver in 2024.
IBM, HEI Hotels & Resorts sign new leases at Merritt 7
December 9, 2022
Norwalk, CT According to Clarion Partners LLC and Marcus Partners, hospitality owner and operator HEI Hotels & Resorts and IBM have renewed their leases at Merritt 7 Park.
REFA hosts 2022 Year-End Celebration and Holiday Party
December 16, 2022
Boston, MA REFA hosted its Year-End Celebration and Holiday Party on Monday, November 21st at Bostonia Public House in downtown. Members had the chance to network with colleagues and friends and reflect on another successful year.
MassDevelopment issues $378.51 million tax-exempt bond on behalf of Northeastern University
December 16, 2022
Boston, MA MassDevelopment has issued a $378.51 million tax-exempt bond on behalf of Northeastern University, which is using a portion of proceeds to build and equip a new science and engineering complex at 815 Columbus Ave. in the city’s Fenway neighborhood.
Determining the highest and best use - by David Kirk
December 16, 2022
The dramatic changes in a vibrant labor force are impacting just as dramatically the built environment. For any development, investment or speculation, determining the highest and best use (H&B) is first and the ongoing analysis. The appraisal process describes a 3 or 4 step process.
Housing crisis: Not entirely, and not without solution - by Daniel Calano
December 16, 2022
Headlines abound regarding rising mortgage rates and the housing crisis: “Fed pursues house demand destruction by increasing mortgage rates”; NPR headlines “massive housing shortage;” “Housing crisis and homelessness
A year-end lookback and look-forward at real estate and equity markets - by Marc Nadeau
December 16, 2022
What a whirlwind 2022 has been for both real estate and equity markets. On the side of residential real estate, we have seen not only the highest prices paid for homes, but perhaps the highest rate of price appreciation seen in decades. (at least for the first few months of the year).
Top issues affecting real estate in 2022-2023 - by Connolly and Sokul
December 16, 2022
Each year, the Counselors of Real Estate (“CRE”), a group of veteran real estate professionals, issue a report on what they believe are the top ten issues that will affect real estate in the coming year. From that list, our team has identified the top issues for New England
Arpin Charitable Fund raises $24,236
December 16, 2022
West Warwick, RI The Arpin Charitable Fund’s Eighth Annual Arpin Strong Golf Tournament/Bob Sullivan and Mark Dearborn Memorial has raised $24,236 for charity.
Simmons and Hecker of Mott & Chace sell 8 Westerly Rd. - $9.95 million
December 16, 2022
Westerly, RI Mott & Chace Sotheby’s International Realty has sold the Watch Hill home at 8 Westerly Rd. for $9.95 million. Donna Simmons, sales associate of Mott & Chace Sotheby’s International Realty, represented the seller. Bill Hecker, sales associate of Mott & Chace Sotheby’s International Realty, represented the buyer.
Thursby and van Beuren of Lila Delman Compass negotiate sale of 125 Cory Ln. for $1.7825 million
December 16, 2022
Portsmouth, RI Lila Delman Compass brokered the sale of 125 Cory Ln. unit ‘Victory’, a three-bedroom residence in the Clubhouse at Aquidneck Club. Alexandra Thursby and Courtney van Beuren, Lila Delman Compass sales associates, jointly represented the seller and facilitated for the buyer in this sale.
Mayer, Rubin, Vieira, Hetherington, Principe, and Pinto join Compass
December 16, 2022
Providence, RI Six sales associates have joined Compass, one of the largest residential real estate brokerage firms in the United States.* Rebecca Mayer, Rebecca Rubin, Matthew Vieira, and Justin Hetherington, formerly of Residential Properties, along with Stephanie Principe, formerly of Elm Real Estate & Design, and Liz Pinto
Over 70 attend RICABOR’s first annual Rhode Island Commercial Day
December 16, 2022
Providence, RI Last month the Rhode Island Commercial and Appraisal Board of Realtors (RICABOR) hosted over 70 real estate industry professionals at the Cambridge Innovation Center for their first annual, Rhode Island Commercial Day.
Quonset Business Park: 13,000 jobs and counting - Macfarlane, a recent hire at REGENT, is 13,000th e...
December 16, 2022
Quonset Business Park has been a model for job creation for many years. With the announcement of Quonset’s 13,000th job we recently celebrated a key milestone that reflects our commitment to creating and sustaining an environment that encourages economic growth across Rhode Island, and the region.
Reflections on an exciting year marked by new opportunities - by Frank Picozzi
December 16, 2022
In the midst of the holiday season, in between all the shopping, baking, decorating, open houses and office parties, it’s common for many to take a moment or two to reflect on the year that’s rapidly coming to a close. Here in the city of Warwick, 2022 has been marked by a great deal of activity, with new developments, redevelopments,
Da Cruz of C-21 Guardian Realty named Rhode Island Assn. of Realtors president
December 16, 2022
Warwick, RI The Rhode Island Association of Realtors named Bryant Da Cruz, of Century 21 Guardian Realty president of the nearly 6,500-member professional association.
Helping Pawtucket’s small businesses invest in HVAC upgrades - by Donald Grebien
December 16, 2022
Pawtucket’s small businesses are the lifeblood of our city, but sometimes it can be difficult for them to make expensive capital expenditures.That’s why I’m excited about a new program we’ve recently launched. The Pawtucket Business Development Corp.’s (PBDC) new small business support grant program
Ground breakings bring new housing, entertainment venue and increased public access to waterfront - ...
December 16, 2022
The city of East Providence, together with Churchill & Banks and its subsidiary Noble Development as well as the East Providence Waterfront Commission, broke ground on a new ambitious $120 million waterfront development. The site, known as the former home to Washburn Wire and the Ocean State Steel Co., was a former brownfield site.
Walsh Erno joins Union Savings Bank as vice president, senior commercial real estate lender
December 16, 2022
Danbury, CT According to Union Savings Bank, Suzanne Walsh Erno has joined the bank as vice president, senior commercial real estate lender. In her role, Walsh Erno will be responsible for developing and handling a variety of commercial real estate loan
Casey of Sweeney Real Estate leases 40,000 s/f to Utility Supply & Construction Company in West Davi...
December 16, 2022
North Kingstown, RI Utility Supply & Construction Company of Reed City, MI leased 40,000 s/f at 338 Compass Circle. Utility Supply & Construction joins the West Davisville Commons (WDC) section of Quonset Point Commerce Park.