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Picking the right Delaware Statutory Trust company - Part 1
June 24, 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 investments to help ensure their 1031 exchange is executed, with no detail being dropped.
Realterm acquires 71,835 s/f fully-leased final mile warehouse in Brockton, MA
June 24, 2022
Brockton, MA Realterm has completed the acquisition of a 71,835 s/f final mile warehouse. Located at 989 Belmont St., the fully-leased property sits on 6.6 acres and offers 20 docks and 15 drive-in doors.
Olson and Everest of Nordlund Associates and Green of Begley Companies broker sale of 7,930 s/f buil...
June 24, 2022
Haverhill, MA Nordlund Associates has completed the sale of 35 Avco Rd. The 7,930 s/f building on 4.42 acres was purchased by Rapid Realty LLC, who was represented by Courtney Green of Begley Companies.
Collins promoted to VP at HREC Investment Advisors
June 24, 2022
Boston, MA According to HREC Investment Advisors, Brendan Collins has been promoted from senior associate to vice president, focusing on hospitality brokerage.
Hughes of New Dover Associates handles $6.1m sale to Stonegate Group
June 24, 2022
Westborough, MA Scott Hughes, president of New Dover Associates, Inc., represented the seller, 134 Flanders Road LLC, and procured the buyer, Stonegate 134 Flanders Road 2022 LLC, an affiliated entity of Stonegate Group
Skinner of The Stubblebine Company/CORFAC International brokers $4.7 million sale to City Fresh Food...
June 24, 2022
Boston, MA David Skinner, senior advisor and associate broker at The Stubblebine Company/CORFAC International, represented the buyer, City Fresh Foods in the off-market transaction at 94 Shirley St.
Harrington & Co. and Norton Asset Mgmt. work together on 42-acre site sale for $2.2m
June 24, 2022
Hooksett, NH Mike Harrington of Harrington & Company and Bill Norton of Norton Asset Management have teamed up to consult and represent the owners of 18 Legends Dr. in the sale of their 42-acre property for $2.2 million.
Low of L&P Commercial handles 50,000 s/f warehouse lease and 18,000 s/f building sale
June 24, 2022
Palmer, MA William Low of L&P Commercial has leased 50,000 s/f of warehouse space at 21A Wilbraham St. to Sherwood Lumber. Low represented the landlord, Iberia Foods (a division of Brooklyn Bottling Company)
Scott of Lincoln Property Co. represents Ambri in 140,000 s/f lease from R.J. Kelly at 196 E Main St...
June 24, 2022
Milford, MA Lincoln Property Company (LPC) represented Ambri, a renewable energy storage technology firm, in a new 140,000 s/f lease at 196 E Main St. After a decade of developing a long-duration Liquid MetalTM battery
It’s a dilemma. Should I stay or should I go? - by Dennis Serpone
June 24, 2022
It’s everywhere, for all the good news about the recovery from the pandemic we have the media blasting away at all the negative influences affecting our economy. However, there’s a built-in fortitude that comes with building, managing, and growing a restaurant.
South Florida real estate investor uses Worth Avenue Capital loan to invest in a condo in West Palm ...
June 17, 2022
West Palm Beach, FL Worth Avenue Capital, LLC (WAC) closed a $285,000 loan to a real estate investor in South Florida. The loan proceeds were used to purchase a condo on South Flagler Dr. The loan is secured by a blanket first mortgage on the condo unit that was purchased as well as a second mortgage on another property in
Cleeman Realty Group brokers off-market sale of Johnstowne Mall in Shelbyville, Illinois
June 17, 2022
Shelbyville, IL Cleeman Realty Group negotiated the off-market sale of Johnstowne Mall. The 70,338 s/f shopping center was 74% occupied at the time of closing and featured a lineup of national tenants including Dollar Tree, O’Reilly Auto Parts and Ace Hardware.
Purchase and sale of real estate - Part 2: An intro. to causes of action - by Michael Brangwynne
June 17, 2022
Introduction: In the previous installment, we looked at the requirements for forming a contract for the sale of real estate. Under certain circumstances, an executed initial Offer to Purchase will satisfy all of those requirements and will be binding and enforceable.
HqO expands global portfolio with the acquisition of Leesman
June 17, 2022
Boston, MA HqO, the industry-leading workplace experience platform, has acquired Leesman, one of the world leaders in measuring employee workplace experience. This is the second time in less than one year that HqO has expanded its global footprint
Gardner of DMG Brokerage handles $5 million sale of 200 John L. Dietch Blvd., North Attleboro, MA
June 17, 2022
North Attleboro, MA Dan Gardner of DMG Brokerage completed the sale of 200 John L. Dietch Blvd. The sale price was $5 million and Gardner was the listing broker. The owner was DUMA 200 LLC
CCIM Connecticut Chapter holds a successful mid-year commercial real estate symposium
June 17, 2022
Cromwell, CT The CCIM Connecticut Chapter hosted their annual Mid-Year Symposium on May 16 at the TPC River Highlands. The event titled: “Connecticut: The State of the State” focused on the commercial real estate (CRE) outlook
Conn./Western Mass. SIOR chapter annual member golf tournament
June 17, 2022
Middlefield, CT The Connecticut/Western Massachusetts Chapter of the Society of Industrial & Office Realtors held its annual member and sponsor appreciation golf tournament at Lyman Orchard’s course
Real estate investor uses Worth Avenue Capital, LLC loan for debt restructure and working capital fo...
June 17, 2022
Greenwich, CT Worth Avenue Capital, LLC closed a $350,000 commercial loan to a real estate investor. The loan proceeds were used by the borrower both to restructure debt as well as provide additional working capital for a new real estate investment opportunity.
Mead of Svigals + Partners awarded CT-AIA’s 2022 Women in Architecture award
June 17, 2022
Hartford, CT In recognition of her design leadership, professional contributions, and community impact, Marissa Dionne Mead, AIA, NOMA, LEED AP, has been honored with the 2022 Women in Architecture Award from the Connecticut chapter of the American
Condyne Capital Partners and Polar Design Build complete tilt-up construction at Baker Hollow Logist...
June 17, 2022
Windsor, CT According to Condyne Capital Partners and Polar Design Build tilt-up walls have been fabricated and erected for the Baker Hollow Logistics Center. All site work has been completed including the laying of utilities, foundation poured, and ground has