Search
Story results for:
New habits for industrial tenants - by David Skinner
May 27, 2022
Sales prices are going bananas. Warehouse listings are seeing bidding wars. Publicly traded companies willing to sign long-term leases at one time were able to use their credit and clout to run the tables when negotiating with landlords, but this is no longer the case. I was joking with a tenant representative
The demand for destination locations and the amounts of money available is unprecedented - by Earle ...
May 27, 2022
I know those who read this article are aware of the strange times we live. In my 49 years in the real estate business, I have never seen anything like it. The Jimmy Carter years were tough on our industry, long lines at the gas pumps; even or odd license plate determination of the days you could go to the pumps;
Despite economic challenges, development remains resilient - by Dylan Cruess
May 27, 2022
This has been quite a year thus far! I started my article off last year with the exact same sentiment. Many of the same growth factors and uncertainties from last year are still present now. Despite many economic challenges we are experiencing, including the continued rise of construction costs, th
SJC holds that parties cannot contract away willful or knowing violations of Ch. 93A - by Michael Di...
May 27, 2022
On January 24, 2022, the Supreme Judicial Court struck down a contractual limitation of liability provision as void against public policy. In H1 Lincoln, Inc. v. South Washington Street, LLC, et al., the SJC held that contract waiver does not preclude multiple damages under the Massachusetts consumer protection
Life is a rollercoaster and we cannot get off! - by David O'Sullivan
May 27, 2022
We had been on an upward track in the building industry in March 2020 with business doing well, employment was growing, Boston was providing new opportunities and most of us were happy. Yes there were political issues nationwide, housing costs high and unaffordable for many and lots of workers in low paid jobs
Facing up to uncertainty - by Bill Pastuszek
May 27, 2022
COVID forced us to adjust, at horrible cost of over a million American lives and countless others across the globe, and, it’s not over. From the negatives, there are positives. The way we work and live evolved. We adjusted, in some case, creating new paths
Step transaction doctrine and how it applies to 1031 exchanges - by Lynne Bagby
May 27, 2022
As taxpayers across the country, including New England, continue to review their investment real estate portfolios, many often decide that participating in a 1031 exchange for tax deferral when selling and buying their real property is a beneficial action for them to take. However, sometimes the taxpayer’s plans
NAI Plotkin: Family and real estate business roots go back more than 100 years
May 27, 2022
Springfield, MA “100% Location” a real estate catchphrase coined by Nathan Nirenstein more than 100 years ago to describe the best sites for retail businesses in a commercial area is still as relevant as it was then. In 1920, Springfield real estate entrepreneur Nathan Nirenstein launched
Tighe & Bond names McIntyre as external member to board of directors
May 27, 2022
Westfield, MA With nearly four decades of experience, Greg McIntyre has been elected as a new external member of Tighe & Bond, Inc.’s board of directors. McIntyre had a distinguished career as an executive at CH2M where he served on the board of directors,
MassDev. and PeoplesBank issue $9.5 million tax-exempt bond for The Food Bank of Western Mass.
May 27, 2022
Chicopee, MA MassDevelopment has issued a $9.5 million tax-exempt bond on behalf of The Food Bank of Western Massachusetts, Inc., which will use proceeds to build and equip a 63,000 s/f building at 25 Carew St. within the Chicopee River Business Park that will serve as The Food Bank’s new headquarters
Cronheim Mortgage secures $21 million for grocery anchored retail property in New Providence
May 13, 2022
New Providence, N.J. Cronheim Mortgage has arranged $21 million in permanent financing for a 108,000 s/f grocery-anchored shopping center. The 10-year financing amortizes over 30 years and was placed with American United Life Insurance Company, whom Cronheim represents as correspondent and servicer. The borrower
Duff of Arbor Realty Trust originates $55.2 million refinancing for Latitude at South Portland
May 13, 2022
Portland, ME Arbor Realty Trust has lent $55.2 million to refinance a two-year-old multifamily complex. The ten-year, fixed-rate loan will refinance the class A, 256-unit property which was constructed in 2020-2021 and is owned by URS Capital Partners.
Taking part in ABC’s diversity survey will help your firm
May 20, 2022
The Executive Office of Labor and Workforce Development has awarded our chapter a construction diversity and apprenticeship expansion grant. We’re excited that we are the only construction group awarded this grant and look forward to using it to help our members bring new and diverse talent into their organizations.
Shawmut, DLJ, Leggat McCall and Flagship cut ribbon on 101 South St.
May 20, 2022
Somerville, MA Shawmut Design and Construction joined DLJ Real Estate Capital Partners (DLJ), Leggat McCall Properties (LMP), and Flagship Pioneering companies to cut the opening ribbon on 101 South St.
Elevated costs to build can present gaps in insurance - by Koch and Travers
May 20, 2022
Rising building costs don’t just make real estate construction more expensive, they can also put property and business owners at risk of having gaps in insurance coverage. As the price for materials and labor increases at unprecedented rates due to the pandemic and supply chain issues
Wilson joins North Branch Construction
May 20, 2022
Concord, NH Eli Wilson has joined North Branch Construction as a project superintendent with seven years of experience in the construction industry. Wilson brings experience supervising the construction of custom homes
Urban Spaces completes and sells apartment complex for $103m
May 20, 2022
Cambridge, MA Urban Spaces, a commercial real estate development company founded by CEO Paul Ognibene, has completed construction of Flats on First, a mixed-use multifamily complex comprised of 136 residential units
Featured Company of the Month: New name, new offices and new hires for Reynolds Construction
May 20, 2022
Plymouth, MA Multi-market construction management firm, Reynolds Construction unveiled new branding for the South Shore based company (now known as ReyCon), as well as the opening of new offices in Plymouth Industrial Park
Conn/Western Mass. SIOR chapter breakfast panel
May 20, 2022
Wallingford, CT The Connecticut/ Western Massachusetts chapter of SIOR recently hosted another in its series of lively breakfast panels. “Repurposing to React to a Rapidly Changing Post-Covid Marketplace” was the focus and headline for this session The Chapter