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Marcus & Millichap completes sale of IAA Auto Storage portfolio
November 4, 2022
Shirley, MA Marcus & Millichap completed the sale of IAA Auto Storage, a two-property portfolio, located in Shirley and Templeton, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The sale price was not disclosed.
Coldwell Banker completes sale of $19.5 million office building at 581 Boylston St. in Boston
November 4, 2022
Boston, MA Coldwell Banker Commercial Realty facilitated the sale of 581 Boylston St., a 40,000 s/f, eight-story office building with ground floor retail space positioned in the Back Bay shopping district. The sales price was $19.5 million.
Network Drive rebrands as Blue Sky Center
November 4, 2022
Burlington, MA Network Drive, the 1.3 million s/f world-class office campus, has unveiled a new name, new logo and even a new address as part of an extensive rebranding exercise. The new name is Blue Sky Center. The change comes in response to a shift
The Procopio Cos. completes The Somerset mixed-use development
November 4, 2022
Winthrop, MA According to The Procopio Companies (Procopio), The Somerset, the firm’s newest mixed-use development, is now complete and open to residents. The boutique multifamily development, located at 10 Somerset Ave.
JSA wins AIANH Preservation Award for 3 Pleasant St. mixed-use project
November 4, 2022
Portsmouth, NH JSA Design received the 2022 Rick and Duffy Monahon Award for Design Excellence in Architectural Restoration and Preservation from the American Institute of Architects New Hampshire (AIANH) for the firm’s work on 3 Pleasant St., a historic mixed-use property in downtown.
Nexamp and IBEW Local 103 partner on solar and energy storage system
November 4, 2022
Dorchester, MA Nexamp and the International Brotherhood of Electrical Workers (IBEW) Local 103 celebrated the completion of a solar and energy storage project at IBEW’s headquarters. The project will provide IBEW with annual savings on energy costs and supplemental power in the event of a local power outage, and is an ideal example of how the Mass. solar developer community
Related Beal secures approval from the Boston Planning and Development Agency for 1.1 million s/f Ch...
November 4, 2022
Boston, MA Related Beal secured Article 80 approval from the Boston Planning and Development Agency (BPDA) for Channelside, the dynamic 1.1 million s/f development in Fort Point. Following comprehensive community engagement, the approval is an important milestone for the 6.5-acre
Beacon Communities hires Ford as vice president of community engagement
November 4, 2022
Boston, MA Beacon Communities has hired Washina Ford as vice president of community engagement. In this role, Ford will lead the department, establishing best practices and creating innovative approaches to resident services in order to best meet
Richard and Jay Goldberg receive Historic Salem’s 2022 Preservation Award
November 4, 2022
Salem, MA The father-son duo of Richard and Jay Goldberg received Historic Salem’s 2022 Preservation Award on September 25, for their development of The Breakaway at Salem Common. The building was in disrepair and required significant updating to both preserve and honor the historical significance of this Salem landmark.
The Stubblebine Co. brokers $7.3m sale for W K DEV 2 to Gentle Giant
November 4, 2022
East Bridgewater, MA James Stubblebine and David Stubblebine, principals, and Chris Michniewicz, senior advisor of The Stubblebine Company/CORFAC International, represented the seller, W K DEV 2 LLC, and directly procured the buyer, Gentle Giant, in the sale of 40 Industrial Dr. for $7.3 million.
Greystar Real Estate Partners, LLC, Sasaki, Höweler + Yoon, and Elizabeth Stuart Design celebrate o...
November 4, 2022
Boston, MA Greystar Real Estate Partners, LLC, a global leader in the investment, development, and management of rental housing and commercial properties, held the grand opening of 212 Stuart St., a newly-constructed residential community. 212 Stuart St.
Norton, Kelleher and Pentore of Horvath & Tremblay arrange $5.7m sale of 38-unit mixed-use property
November 4, 2022
Lawrence, MA Spencer Norton, Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of 38 units within a mixed-use condominium building (retail and residential units) known as the “Bay State Building” for $5.7 million.
Project of the Month: NEI General Contracting converting former school into N.E’s first LGBTQ-frie...
November 4, 2022
Hyde Park, MA NEI General Contracting, an award-winning general contracting firm, is converting the former William Barton Rogers School at 15 Everett St. into The Pryde, New England’s first LGBTQ-friendly senior affordable housing complex.
Nasca joins Lee & Assocs. as executive director
November 4, 2022
Boston, MA According to Lee & Associates Boston, John Nasca has joined the firm as executive director and will lead the capital markets team. With over 10 years of experience in the commercial real estate industry, John has executed on more than $2 billion of office, industrial, and life science transactions in Greater Boston.
King Street Properties breaks ground on $915 million Allston Labworks - a 4.27-acre mixed-use projec...
November 4, 2022
Boston, MA King Street Properties celebrated the groundbreaking of Allston Labworks, a $915 million project in the Allston neighborhood of the city. The 4.27-acre mixed-use project will be situated on the former Stadium Auto Body site on Western Ave.
NH CIBOR president’s message: key economic data & news from Sept. - by Scott Forte
November 4, 2022
The NAIOP CRE Sentiment Index for September 2022 is 47, down from April’s reading of 53. It is at the lowest level since September 2020. This reading suggests that respondents expect conditions for commercial real estate to deteriorate over the next 12 months.
MEREDA to celebrate 37-year anniversary on Nov. 3rd
November 4, 2022
Portland, ME The year is 1985. Larry Bird and the Boston Celtics compete in the NBA finals, President Ronald Reagan visits the city of Bitburg in West Germany, Tears for Fears tops the Billboard Charts, and the Maine Real Estate and Development Association forms at the Cumberland Club. Now MEREDA gets to celebrate its anniversary–after postponing the 35th anniversary celebration in 2020
Lyons joins Landry/French as project executive
November 4, 2022
Scarbrough, ME Justin Lyons has joined Landry/French Construction as project executive. Lyons has 25 years of experience in commercial construction that includes a variety of roles throughout his career including preconstruction, estimating, project management, and operations.
Marinko, Foster, and Boulos of The Boulos Co. lease 6,000 s/f at 111 Wescott Rd. to The Locker Proj...
November 4, 2022
South Portland, ME The Locker Project will move into 6,000 s/f of office space, formerly occupied by Spurwink, at 111 Wescott Rd. The landlord, Colonial Adjustment, was eager to support a local nonprofit and its mission of hunger relief, and the deal closed in just six weeks.
Harrington of Malone Comm’l. Brokers awarded Maine Realtor of the Year
November 4, 2022
Portland, ME Malone Commercial Brokers’ (MCB) Pete Harrington has been honored with the 2022 Maine State Realtor of the Year Award. Harrington, partner and associate broker at MCB, has been a leading retail leasing and sales expert of commercial property in the Greater Portland area since 1996.