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Casey of Sweeney Real Estate brokers mixed-use investment sale - $1.3 million
June 10, 2022
East Greenwich, RI Kevin Casey of Sweeney Real Estate & Appraisal brokered the sale of 536 Main St. and 16 Bridge St. The properties are 4,136 s/f and 2,200 s/f respectively, and are comprised of two retail units, six residential units and a commercial garage.
Capstone Properties negotiates two deals: sells 20,156 s/f industrial for $1.15 million and leases 1...
June 10, 2022
Providence, RI Neil Amper, SIOR and Chris Greenman of Capstone Properties have sold a 20,156 s/f building located at 12-14 Lehigh St. The property was owned by Bloomfield Realty and was formerly occupied by Lehigh Metals. It was purchased by Monarch Industries for $1.15 million.
Brackenbury of BankRI provides $3.5 million for expansion of 401 Storage
June 10, 2022
Warwick, RI The Commercial Real Estate Division of Bank Rhode Island (BankRI) finalized a deal with Malibu Investments, LLC to provide a second round of financing for the expansion of 401 Storage. The bank is providing $3.5 million in capital to facilitate construction.
Brady Capital Advisors arranges $29.5 million acquisition financing of Northgate Apartments - a 179-...
June 10, 2022
Middletown, RI Brady Capital Advisors, LLC (BCA) has arranged and facilitated $29.5 million in acquisition financing for the Northgate Apartments, a 179-unit, garden-style, multifamily property located on 15 acres at 3 Admiralty Dr. for a closing that took place on May 31, 2022.
Standard Communities leads public-private partnership to convert 176-unit market rate community to l...
June 10, 2022
West Warwick, RI Standard Communities, a major national affordable housing investor and developer, has acquired Tanglewood Village, a 176-unit apartment community. Standard Communities led a public-private partnership to convert the market-rate property into long-term dedicated affordable housing. No existing residents will be displaced.
Hogan Assocs. sells 43 Hoover Rd. - $2.6 million
June 10, 2022
Middletown, RI Hogan Associates brokered the April 4, 2022 sale of 43 Hoover Rd., a modern home located off Tuckerman Ave. The property sold for $2.6 million. Caroline Richards of Hogan Associates represented the buyer, and Dina Karousos and Nicole Lucenti of Gustave White Sotheby’s represented the seller.
Schiffman and Mayer of Residential Properties Ltd. close sale of 159-161 Emeline St. - $1 million
June 10, 2022
Providence, RI Residential Properties Ltd. (RPL) closed the sale of 159-161 Emeline St. on the city’s East Side for $1 million. RPL sales associate Gerri Schiffman represented the seller as the listing agent and RPL broker associate Rebecca Mayer represented the buyer as the selling agent in this transaction.
Mott & Chace Sotheby’s International Realty handles the sale of “The Conjuring” house for $1.5...
June 10, 2022
Burrillville, RI Mott & Chace Sotheby’s International Realty negotiated the sale of 1677 Round Top Rd. for $1.525 million. The c.1826 home that inspired the horror franchise “The Conjuring” is one of the most well-known haunted houses in the U.S. The seller was represented by The Blackstone Team of Mott
Joyal, Tollefson, and Warburg of Lila Delman Compass sell $9.5 million in Quonochontaug
June 10, 2022
Charlestown, RI Lila Delman Compass brokered the sale of 648-A West Beach Rd. in the village of Quonochontaug for $9.5 million. Lila Delman Compass represented both sides of this sale, with Lori Joyal, managing broker of Lila Delman Compass’ Watch Hill office, representing the seller and George Tollefson
Sweeney Real Estate brokers Providence condo sale to Law Office of Ron Resmini at 365 Eddy Street
June 10, 2022
Providence, RI The Law Office of Ronald Resmini relocated their office to 365 Eddy St., unit 3. For the last 10 months the firm was leasing the space, but recently purchased the condo from Office Realty Properties, LLC for $535,000.
The Broadway Company sells 'Le Charles' in Montreal for $8.65 million
June 3, 2022
Montreal, Canada Boston-based real estate investment firm The Broadway Company has sold 3639-3641 Sainte-Famille, a 51-unit apartment building in the heart of the McGill Student District in Montreal, Quebec, Canada. The sale price was $8.65 million CAD
Community Housing Network announces $14 million housing investment in Sault Ste. Marie
May 27, 2022
Sault Ste. Marie, MI Community Housing Network, southeast Michigan’s largest housing resource nonprofit organization, will break ground this spring with support
IFMA Boston Hosts 4th Annual FMForward at Bentley University
June 3, 2022
Waltham, MA After two years of hosting virtual four-day FMForward summits during the pandemic, the members of IFMA Boston came together live and in person for a day of FM rich content at Bentley University.
Biden Administration announces new housing policies: Three areas of primary interest to community ...
June 3, 2022
In May the Biden administration announced polices to lower housing costs and increase the supply of homes for sale and rent. CAI has evaluated the announcement and identified three areas of primary interest to community association board members, managers, and business partners
Berry of Cutler Management Corp. installed as a Certified Property Manager of the Institute of Real ...
June 3, 2022
Worcester, MA Sarah Berry, a commercial property manager with Cutler Management Corp., was installed as a Certified Property Manager (CPM) of the Institute of Real Estate Management® (IREM) during the Boston
IREM President’s Message: Upcoming summer meetings
June 3, 2022
Happy Summer! After coming off the heels of Tammy Jordan’s excellent presentation on “Building a Resilient Post-Covid Workforce,” we’re all so very excited for even more in-person gatherings with our IREM community, as we all work together and within our separate organizations
Congratulations to six BOMA Boston Buildings on the Regional TOBY Awards!
June 3, 2022
Boston, MA Congratulations to the six BOMA Boston building members on winning a Regional TOBY Award at the Middle Atlantic TOBY Awards on Thursday, April 28th in Albany, NY.
Pennrose, the town of Auburn, and local officials celebrated the grand opening of Mary D. Stone Apar...
June 3, 2022
Auburn, MA Pennrose, the town of Auburn, and local officials celebrated the grand opening of Mary D. Stone Apartments, the historic rehabilitation of the 1920s era school building into a 55-unit mixed-income housing community
MassDevelopment partnered with BankFive to provide $11.87m in loan financing to Standard Holdings, L...
June 3, 2022
Hyannis, MA MassDevelopment has partnered with BankFive to provide $11.87 million in loan financing to Standard Holdings, LLC, a real estate holding entity that will use funds to build and equip a 53-unit mixed-income apartment complex at 850 Falmouth Rd.
Callahan Construction Managers completes Squirrelwood Apartments - affordable housing project in Cam...
June 3, 2022
Cambridge, MA Callahan Construction Managers (Callahan), a full-service construction management firm based in Bridgewater, MA, has completed and held the grand opening of Squirrelwood Apartments, a Passive House Certified affordable housing development.