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JLL works with Oliver St. Capital and Bain Capital on $10.63 million financing for 55,325 s/f indust...
July 15, 2022
Lowell, MA JLL Capital Markets has arranged $10.63 million in acquisition financing for a 55,325 s/f, vacant industrial asset at 160 Industrial Ave. JLL worked on behalf of the borrower, a partnership between Oliver Street Capital
Eaglebrook Capital acquires 10,000 s/f
July 15, 2022
Somerville, MA Eaglebrook Capital acquires Prospect Iron Works in Union Sq. The 10,000 s/f parcel is located at 82-86 Prospect St. near the Green Line Extension Union Sq. Station.
Mcknight joins Pearce Real Estate in New Haven
July 15, 2022
New Haven, CT According to Nanette Pastore, president of Pearce Real Estate, Vincent Mcknight has joined Pearce Real Estate as a sales associate.
Klein and Lyman of Marcus & Millichap handle $3.75 million sale of 54,845 s/f industrial property
July 15, 2022
Auburn, MA Marcus & Millichap completed the sale of 17 Saint Mark St., a 54,845 s/f industrial property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3.75 million. Harrison Klein and Mark Lyman, investment specialists of The Klein Group
Chestnut Hill Realty expands Hancock Village with new 36-unit building known as Josiah Bartlett Buil...
July 15, 2022
Brookline, MA Chestnut Hill Realty (CHR)continues its investment in the Hancock Village apartment home community and its commitment to expanding local housing options with the recent addition of a three-story, 36-unit building.
Greystar Real Estate enters life science sector with start of construction of 74 Middlesex Ave. in S...
July 15, 2022
Somerville, MA Greystar Real Estate Partners, LLC formalized its entry into the life sciences sector with the start of vertical construction of 74 Middlesex Ave. (74M). 74M and future projects in planning will strengthen the emerging life sciences cluster
Raimo hired by the Procopio Companies as new asset management associate
July 8, 2022
Middleton, MA The Procopio Companies (Procopio), a fourth-generation, full-service real estate development and construction management firm announced the hire of Deidre Raimo to the role of
RK Centers acquires 256,000 s/f Pineapple Commons in Sunny Isles Beach, FL for $48.5 million
July 8, 2022
Sunny Isles Beach, FL RK Centers has acquired the Pineapple Commons, a regional power center with 256,000 s/f of open-air shopping located on US-1 at 2505 NW Federal Hwy. The purchase price was $48.5 million. The seller was Kimco Realty, represented by broker Dennis Carson of CBRE.
Lee & Assocs. and the Lee Land Team sell self-storage site in Murieta, CA for $5.8 million
July 8, 2022
Murrieta, CA Lee & Associates, and the Lee Land Team, sold an entitled self-storage site on Murrieta Hot Springs Rd. and Date St. on 3.04 acres. Matt Weaver, Al Apuzzo and Alex Bentley represented the seller, MHS 98 LLC.
Stiles begins 232-unit multifamily community at Grove Ninety-Eight in Wake Forest, NC
July 8, 2022
Wake Forest, NC Stiles has commenced construction on a 232-unit multifamily community at Grove Ninety-Eight, a mixed-use master planned development also featuring a 100,000 s/f Wegmans, an additional 80,000 s/f of walkable retail, and 395 “for sale” residential units. The project is located in the evolving North Raleigh submarket,
BG Capital sells Philadelphia industrial facility
July 8, 2022
Philadelphia, PA BG Capital sold their cold-storage industrial facility to a real estate fund managed by Ares Management for an undisclosed price. The property located at 1801 N 5th St. is a 105,000 s/f, tri-
New concepts and brick & mortar are really coming back - by Carol Todreas
July 8, 2022
Bouncing back now despite the continuation of the pandemic, supply chain miseries, inflation and all the other villainous conditions affecting retail real estate is a brick and mortar uptick, and with it goes new ideas for shopping
Prince Lobel launches Restaurant and Hospitality Industry Group
July 8, 2022
Boston, MA Building on its extensive experience advising clients throughout the restaurant, entertainment, lodging, and alcoholic beverages industry, Prince Lobel has launched its Restaurant and Hospitality Industry Group.
Picking the right Delaware Statutory Trust company - Part 3 - by Dwight Kay
July 8, 2022
Investors often must juggle multiple investment options, like where to invest and with whom. When it comes to evaluating a Delaware Statutory Trust or DST investment, real estate investors should look for a firm that specializes in DST
NAI Glickman Kovago & Jacobs brokers $1.275m sale of former Bank of America building
July 8, 2022
Milford, MA NAI Glickman Kovago & Jacobs has facilitated the sale of 82 Prospect St. The former Bank of America building, which includes a two-lane drive-thru, is 2,400 s/f and located on 0.5 acre. Tim Whittredge
Ogasapian of R.W. Holmes Realty handles 6,078 s/f lease to the Law Offices of Stephen E. Bandar
July 8, 2022
Burlington, MA R.W. Holmes Realty Co. has negotiated a 6,078 s/f office lease. Mike Ogasapian, assistant vice president at R.W. Holmes Realty, represented the tenant, the Law Offices of Stephen E. Bandar,
Boston Dynamics wins “Best New Large Workplace” award at CoreNet New England Awards of Excellenc...
July 8, 2022
Boston, MA Robotics firm Boston Dynamics has received the “Best New Large Workplace” award at CoreNet New England’s Awards of Excellence Gala. This event highlights the top performing firms
Atlantic Capital Partners sells 10,565 s/f mixed-use building for The Grossman Cos.
July 8, 2022
Brookline, MA Atlantic Capital Partners has completed the sale of 7-11 Harvard St., a 10,565 s/f mixed-use retail/office asset that is 100% occupied by eight local and national retail tenants. The sale price was not disclosed
CBRE arranges $26.2 million sale leaseback for Lundgren Honda
July 8, 2022
Greenfield, MA CBRE has completed a sale leaseback of two auto dealerships in Auburn and Greenfield, Mass. on behalf of Lundgren Honda, a family owned and operated Honda dealership. Lundgren Honda and Lundgren Equity
Casey of SR Commercial Reatly brokers sale of
109 Apremont Way, Westfield, MA for $2.6 million
July 8, 2022
Westfield, MA Jeremy Casey of SR Commercial Realty brokered the sale of the former precision manufacturing property at 109 Apremont Way off of Rtes. 10 and 202.