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Energy North completes executive promotions: Black, Riley and LaLone
September 2, 2022
Lawrence, MA Energy North Group has completed new senior leadership appointments: Jeff Black as chief executive officer; Kevin Riley as president of operations and finance; and Matt LaLone as president of administration and general counsel.
McGrath Realty to sell restaurant site as development opportunity
September 2, 2022
Lynn, MA According to McGrath Realty, the former location of the beloved Porthole Restaurant is for sale, to be sold with the approvals for a market rate development opportunity. The proposed mixed-use condominium project, branded and marketed by The Synergy Group as Harbor98
Dacon completes construction on the headquarters for Kula Bio
September 2, 2022
Natick, MA Dacon Corp. has completed construction on the headquarters for Kula Bio, relocating to Natick from Cambridge. A 4-year-old startup positioned within the agricultural solutions market, Kula Bio has a healthy and high-growth goal – to increase crop yield
Lupoli Companies named 4th largest developer in Mass.
September 2, 2022
Lawrence, MA The Boston Business Journal has named Lupoli Companies the fourth largest commercial developer in Massachusetts. The rankings for the prestigious list are based on quantitative metrics, including a company’s total commercial real estate development and transaction volume
Dellbrook|JKS and Cohasset Hospitality Partners break ground on The Harbor development in Cohasset, ...
September 2, 2022
Cohasset, MA Dellbrook|JKS broke ground on a 23-unit, luxury condominium development, with Cohasset Hospitality Partners (CHP) and Nelson architects, appropriately named The Harbor. This project, located beside Cohasset Harbor’s waterfront, is comprised of three structures each three stories tall
The Peabody Companies promotes Demello to facilities manager
September 2, 2022
Braintree, MA According to The Peabody Companies, a group of award-winning property management and real estate firms, David Demello has been promoted to facilities manager.
Dakota Partners secures financing for Phase 1 of The Rail Yard development in Concord, NH
September 2, 2022
Concord, NH Dakota Partners has secured all financing and approvals to close on Phase 1 of The Rail Yard, a new affordable housing apartment community that will feature housing for local residents earning between 30% and 60% of the Area Median Income (AMI).
Davis and Boston Development Group host topping-off of Phase One of 66 Galen St
September 2, 2022
Watertown, MA The Davis Companies (Davis) and Boston Development Group (BDG) celebrated the ceremonial “topping-off” of Phase One of 66 Galen St., a 224,000 s/f, purpose-built, class A life science building designed by Elkus Manfredi Architects.
Project of the Month: Ayr Wellness opens dispensary in Watertown - built by Connolly Brothers; desig...
September 2, 2022
Watertown, MA Ayr Wellness, a growing U.S. multi-state cannabis operator, celebrated the grand opening of its new store located at 48 North Beacon St. on Friday, August 12th. Ayr’s prominent brands include Kynd premium whole flower,
ARC and Hussey Gay Bell complete STEM Building for Savannah Country Day School
September 2, 2022
Savannah, GA Educators, students, alumni, and community leaders gathered at Savannah Country Day School to celebrate the ribbon-cutting and open house for Mingledorff Hall, the school’s new Science, Technology, Engineering, and Mathematics (STEM) building. Boston-based ARC/ Architectural Resources Cambridge
New Hampshire CIBOR president’s message: Summer Mixer a huge success! - by Scott Forte
September 2, 2022
In case you missed it, the Summer Mixer, hosted at Birchwood Vineyards, was a huge success! The event helped raise over $20,000 for our non-profit CIBOR CARES. Thank you to all who attended, those who donated auction items ranging from Red Sox and Patriots Tickets to plane rides, and all of our generous sponsors!
Retail landscape is in good shape and my forecast is... - by Andrew Levy
September 2, 2022
I hope everyone is enjoying these last few weeks of summer! From what I have been experiencing, the industry as a whole has been far busier than any of us expected. So much for those dog days of summer, right? When you consider recently ever-increasing household costs (gas & utility prices, rent increases, food, interest rate hikes affecting both mortgages
Electronic signatures in real estate transactions - by Philip Hastings and Benjamin Lewis
September 2, 2022
Real estate transactions are now done almost entirely through digital means. For speed, convenience and efficiency, purchase agreements and leases are usually exchanged and signed electronically. The typical “sit-down” closing is something of a relic, with closing documents often signed remotely. “DocuSign” is used as a verb and has been
The inside out upside down housing market - by Thomas House
September 2, 2022
MarketWatch declares we are in a ‘housing recession.’ Or maybe more accurately, the rents are too d*mn…weird. Zillow claims the recent surge of rent inflation is coming down (well, rising slower but note: still rising). Conversely, the Consumer Price Index shows rents climbing at a consistent rate and have thus far reached
Industrial market for Northern New England - by Bill Pastuszek
September 2, 2022
Industrial markets – which include warehousing, manufacturing logistics, etc. – continue to hold a dear place in the hearts and minds of investors. COVID sparked a boom in industrial real estate across the country and released an incredible amount of pent-up demand in New England.
North Branch Construction completes 22,000 s/f for Community Bridges
September 2, 2022
Concord, NH North Branch Construction completed a 22,000 s/f interior demolition and office fit-up renovation for Community Bridges at their new location at 162 Pembroke Rd. In addition to a new site drainage system, sidewalks with a parking lot expansion, and landscaping, interior work included demolition of existing space, insulation, roofing
Prolman Realty leases 7,000 s/f to Shaheen & Gordon P.A. at 191 Main St.
September 2, 2022
Nashua, NH Prolman Realty, Inc. leased 7,000 s/f of office space to Shaheen & Gordon P.A. at 191 Main St., according to Mark Prolman who represented the lessor, Parsons Ventures, and assisted the tenant. The 12,000 s/f building was formerly occupied for many years by Bank of New Hampshire and subsequently TD Bank. The building
Peck of Horvath & Tremblay arranges $5.6 million sale of 31 units
September 2, 2022
Manchester, NH William Peck of Horvath & Tremblay has arranged the sale of 31 units located at 54 and 96 Mechanic St. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.6 million. The sale represents a 6.07% cap rate and a per unit price of $180,645.
Landry/French Construction celebrates Casco Bay
Ferry Terminal ribbon-cutting on August 16t...
September 2, 2022
Scarborough, ME Landry/French Construction joined the Casco Bay Island Transit District (CBITD) at the official ribbon-cutting ceremony of the Casco Bay Ferry Terminal renovations on August 16th. CBITD was joined by senator Susan Collins, the deputy regional administrator of the Federal Transit Administration
Panasis, Tobin and Bibaud of Brady Sullivan Properties sell 210,000 s/f for $6.8 million
September 2, 2022
Rochester, NH Brady Sullivan Properties sold 35 and 35 E Industrial Way for $6.8 million after over a decade of ownership. The two-building campus is comprised of 210,000 s/f on over 27 acres. Christian Stallkamp of The Boulos Company represented the buyer, Amarosa Industrial Park, LLC.