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Project of the Month: Dacon completes 135,000 s/f production facility for Monogram Foods and Paradig...
October 28, 2022
Haverhill, MA Dacon Corp. has completed construction on a 135,000 s/f facility for Monogram Foods, a leading manufacturer of value-added food products for their new location in Creek Brook Park. Founded in 2004, the Memphis-based Monogram has experienced a 620% sales rate increase
Largo arranges $130 million for an office building refinance in Montreal, QC
October 14, 2022
Montreal, QC Kevin Ross, managing director at Largo Capital Limited, arranged $130 million for the refinance of an office building. Largo Capital Limited is the Canadian mortgage
Breakthrough Properties and CRISPR Therapeutics celebrate completion of The 105
October 21, 2022
Boston, MA Breakthrough Properties (Breakthrough), a leading global developer of life sciences real estate, celebrated the completion and grand opening of The 105 by Breakthrough (The 105) in collaboration with CRISPR Therapeutics. The new facility is fully leased to CRISPR Therapeutics and will serve as its new U.S. research & development headquarters.
DiAdamo joins WSP as senior director
October 21, 2022
Boston, MA WSP USA has hired Rob DiAdamo as a senior director for the firm’s advisory enterprise management and strategy team. “We are privileged to have Rob join the WSP team, and eager to learn from his 20-plus years of public and private sector experience managing and improving transportation infrastructure,” said Denise Turner Roth, WSP USA advisory national business line executive.
CBRE arranges $23.4 million land sale for 425-unit apartment development
October 21, 2022
Woburn, MA CBRE has arranged the $23.4 million sale of land for the development of an approved 425-unit apartment community located at 316 New Boston St. CBRE Capital Markets’ multi-housing experts Simon Butler, Biria St. John and John McLaughlin exclusively
Within the hospitality industry, there are reasons for celebration, cautious optimism, and concern
October 21, 2022
Summer always ends faster than most of us want, but this year seemed unfairly fast. I looked up the other day and realized we moved out of September and into October. Without a baseball team to root for, and possibly not even a football team, all eyes are the economy and those irritating political ads dominating the television airwaves. For those of us in the hospitality industry, there are reasons for celebration, cautious optimism, and concern. This is nothing new, hospitality investment is a risky proposition even in the best of times.
Ellis Realty Advisors completes sale of Stor-It
October 21, 2022
Pembroke, MA Ellis Realty Advisors has completed the sale of 330 Old Oak St. The self-storage facility known as Stor-It is comprised of 48,850 s/f on 3.4 acres. The building was sold to JEI Ventures who develops and owns a variety of commercial asset properties throughout Eastern Mass.
KeyPoint Partners negotiates 5,001 s/f lease to American Red Cross at Summer Hill Plaza
October 21, 2022
Kingston, MA KeyPoint Partners negotiated a lease with the American Red Cross for a 5,001 s/f space at Summer Hill Plaza. Vice presidents of retail brokerage Don Mace and Rob Grady negotiated the lease on behalf of the landlord.
Mass General Brigham celebrates new 62,000 s/f Integrated Care Center at at Tuscan Village in Salem,...
October 21, 2022
Salem, NH In support of Mass General Brigham’s commitment to improve access to care for patients, Mass General Brigham opened a new Integrated Care center at Tuscan Village. Approximately 200 attendees joined Mass General Brigham for the opening of the new location, which will provide both primary care and specialty treatment for patients in Merrimack Valley and southern New Hampshire.
McCarthy joins Sherin and Lodgen as associate
October 21, 2022
Boston, MA According to law firm Sherin and Lodgen LLP, Briana McCarthy has joined the firm’s growing real estate department as an associate. McCarthy advises retailers, developers, landlords and tenants in all aspects of commercial real estate.
Griffith and Pepdjonovic of Marcus & Millchap broker $5.825 million sale
October 21, 2022
Allston, MA Marcus & Millichap completed the sale of he Raymond Townhomes, a six-unit apartment building, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $5.825 million.
Intercontinental Real Estate appoints Nasser as president
October 21, 2022
Boston, MA Intercontinental Real Estate Corp., a national real estate investment, development and management firm, has appointed Paul Nasser as president. As president, Nasser continues to manage the firm’s resources across investment and operating disciplines.
New Dover and Gordon R.E. assist seller in $1.3 million building sale
October 21, 2022
Framingham, MA Scott Hughes, president of New Dover Associates, Inc. and James Gordon, president, Peter Gordon, senior vice president and Jonathan Gordon, senior associate of Gordon Real Estate represented the seller, 1001 Worcester Road, LLC, in the sale of 1001 Worcester Rd., for the purchase price of $1.3 million.
Trotta of Lyman Real Estate facilitates $1.647 million sale of 58 acres in Connecticut
October 21, 2022
Killingly, CT Smithfield, RI-based Douglas Construction has purchased an assemblage of four parcels at 738-800 Hartford Pike, totaling 58 acres. The deal was announced by Ron Lyman, CCIM, CEO of Lyman Real Estate Brokerage & Development.
The Stubblebine Co. arranges 19,527 s/f lease in Devens, MA
October 21, 2022
Devens, MA CMC, U.S. Inc., maker of high-performance aerial lift platforms, has leased 19,527 s/f of industrial space at 137 Barnum Rd.
Berkadia completes $27.15 million sale of 72-unit Point of Pines for Heritage Companies - purchased ...
October 21, 2022
Revere, MA Berkadia completed the sale of Point of Pines, a 72-unit multifamily property. Managing director Adam Dunn, senior managing director Chris Phaneuf and senior director Matt Olson of Berkadia Boston completed the $27.15 million sale on behalf of the seller, Massachusetts-based The Heritage Companies. The buyer, also based in Massachusetts, was Helge Capital, and the deal closed on September 15th.
Project of the Month: Timberline completes construction at bluebird bio’s headquarters at Assembly...
October 21, 2022
Somerville, MA Timberline has completed construction of a new headquarters for bluebird bio, a gene therapy company and the first biotech to relocate to Assembly Row. The 60,000 s/f space is located at 455 Grand Union Blvd., a soon-to-be LEED Certified Gold building owned by Federal Realty Investment Trust (FRIT).
Infrastructure work should be open to all constructors and workers
October 21, 2022
The bipartisan infrastructure bill President Biden signed earlier this year is good news for our country. Unfortunately, the way the law is being implemented will limit the number of Americans who can share in the law’s benefits and worsen our stubborn inflation problem.
Duhamel, principal at DiPrete Engineering, begins term as 2022-2023 president of NCEES
October 21, 2022
Cranston, RI Chris Duhamel, principal at DiPrete Engineering, has begun his term at the National Council of Examiners for Engineering and Surveying (NCEES) as the 2022-23 president. Duhamel began his term at the conclusion of the organization’s 101st annual meeting.
Eckman Construction begins work at Derryfield School’s dining facility
October 21, 2022
Manchester, NH After a busy first month at the site of the Derryfield School’s future dining facility, design-builder Eckman Construction paused work for an evening to allow school leadership, staff, community members and project partners to celebrate the start of construction with a ceremonial groundbreaking.