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The Stubblebine Co. facilitates $3.1 million sale of 183,300 s/f building
October 28, 2022
Attleboro, MA David and James Stubblebine and Aaron Smith of The Stubblebine Company represented the seller, ACCBLDG 1 LLC, and directly procured the buyer, True Storage LLC, in the sale of 34 Forest St., for $3.1 million.
Greatland Realty and Long Wharf Capital acquire two buildings in Lexington, MA
October 28, 2022
Lexington, MA Greatland Realty Partners and Long Wharf Capital have partnered to acquire two buildings. Located at 25 and 40 Hartwell Ave., the fully-leased buildings include 65,000 s/f of lab and office space. “We are thrilled to add 25 and 40 Hartwell Ave. to our growing portfolio of buildings located in Lexington
PROCON names Anderson executive vice president
October 28, 2022
Hooksett, NH Erik Anderson has been promoted to executive vice president of architecture and engineering at PROCON. Anderson is a licensed and LEED-accredited architect and leader with over 32 years of experience. He has worked on various building types, including senior living
Cyrier of MANSARD brokers $3.1 million sale of 585 Middlesex St. in Lowell, MA
October 28, 2022
Lowell, MA MANSARD completed the sale of 585 Middlesex St. from Nokode, LLC to Catapult & Cannon, LLC. The property sold for $3.1 million. The sale demonstrates the value that LEED Gold properties possess in today’s market as well as confidence in the city’s
Spectrum Integrated Technologies wins 2022 NECA Project Excellence Award for Boston Beer Co. project...
October 28, 2022
Boston, MA Spectrum Integrated Technologies (Spectrum IT), the tel/data and security system division of J&M Brown Company, Inc., was recognized by the National Electrical Contractors Association with the 2022 NECA Project Excellence Award
Dellbrook One Way completes demolition at the site of Benjamin Franklin Cummings Institute of Techno...
October 28, 2022
Roxbury, MA Dellbrook One Way, a joint venture between Dellbrook|JKS and One Way Development, has completed the demolition of a long-vacant warehouse in the city’s Nubian Sq., to prepare for construction of the Benjamin Franklin Cummings Institute of Technology
West Shore acquires three apartment communities in NC
October 21, 2022
Waxhaw, NC West Shore, a multifamily real estate investment firm, has acquired Admore at Price and The Mill on Main, which have been renamed and will now operate together as Waxhaw Mills Apartments. West Shore also purchased
Bergmeyer opens third office in Columbus, OH
October 21, 2022
Columbus, OH Bergmeyer, the award-winning design collaborative based in Boston and Los Angeles, has opened a third office location. The expansion is the company’s latest in its continued evolution - following
Low supply and steady demand is the trend - by Julie Freshman and George Paskalis
October 28, 2022
Heading into the last quarter of 2022, the industrial market in Rhode Island continues to remain strong with activity on both the leasing and sale sides. On the sale side, there has been greater activity from investors/developers than from owners/users. The Rhode Island market continues to exhibit
Attention class...The word of the day is tepid - by Dennis Serpone
October 28, 2022
I found it enlightening to focus on the health of the restaurant and hospitality market in New England. To describe its health in one word, most in the know would agree that it is tepid. The Nation’s Restaurant News (NRN) reports that the restaurant industry remains about 500,000 employees
South Windsor, CT real estate investor revives 95,000 s/f industrial building in Jaffrey, N.H.
October 28, 2022
Jaffrey, NH Millipore Sigma, a division of MERCK, is expanding their facilities at Drumlin Industrial Park, 81 Fitzgerald Dr. by 23,000 s/f of warehouse and office space. Millipore Sigma has been a tenant at the property for four years occupying nearly 40,000 s/f. Due to
Will investors continue to be attracted to New Hampshire properties as interest rates climb? - by Ki...
October 28, 2022
The New Hampshire industrial market remains an attractive market for investors, with vacancy rates stabilizing and rental rates climbing over the last couple of years. Moving forward, will investors continue to be attracted to N.H. properties as interest rates climb? Over the last quarter, the trend
Property valuation due to inflation for real estate portfolios - by Spencer Macalaster
October 28, 2022
Many real estate property owners often think they should insure the building for what they paid for it or what the current market value might be. This however, does not take into consideration what would happen in the event of an insured property loss that requires rebuilding to the original
Not optimism, or pessimism, or realism, but opportunity! - by David Skinner
October 28, 2022
This week we had a company-wide sales meeting where we review trends, listings, requirements, caution signs, economic signs, and, most importantly, the opportunities afforded those who use their minds. Those who use their minds to discern the signs of the times and then consider the implications on
The golf industry will remain strong since there is little threat of new construction - by Jeffrey D...
October 28, 2022
The national golf market last peaked around 2000 with a market participation rate of 11.1%, but it was the demand felt during the late 1980s that fueled the building boom experienced in the late 1990s. As indicated by the graph below, in 1990 there were just-under 2,200 golfers per 18-hole golf
The commercial mortgage landscape as winter approaches - by Michael Chase
October 28, 2022
It may only be the end of October, but for commercial mortgage borrowers and practitioners it might as well already be year-end. With a few rare exceptions, most new loan requests are likely to fund in 2023. Even during a time of rate volatility, many commercial real estate
After 15 years in operation real estate auction firm has seen it all
October 28, 2022
Sandwich, MA When president and lead auctioneer of Sullivan & Sullivan Auctioneers, Marianne Sullivan decided the time was right to take what she had learned from her previous years of experience in the real estate auction industry and go out on her own, she had no idea
There are always opportunities if one digs deep enough, is creative and willing to take the risk - b...
October 28, 2022
We are in a season of change when it comes to the economy. Job reports are good, inflation is still persistently high, interest rates continue to climb and the stock market goes up and down like a seesaw but mostly down. This is an uncertain fall season. There seems to be no one opinion on where
Reading the tea leaves - by William Pastuszek
October 28, 2022
Looking at the real estate data and the economic data, there are some issues that need to be examined. It may be time to take a look at where markets are heading. The froth of the post-pandemic days seem to be moving behind us, replaced with a less heady, and more sober reality going forward.
How long should I hold a property for it to qualify as an investment property in connection with a 1...
October 28, 2022
The continuing strong real estate market in the Greater Boston Area and throughout New England has given investors substantial equity in their properties subjecting them to higher capital gains taxes on the sale of such properties. Consequently, more investors, both U.S. and foreign, are using