Owners Developers & Managers

Bria begins preleasing at 140-unit
Vesa - scheduled to open September

Marlborough, MA According to Bria, a fourth-generation property management firm focused on class A multifamily assets, Vesa, a luxury multifamily development is now available for preleasing. The 140-unit building is scheduled to open to residents in September.

Project of the Month: Groom Construction completes
new 18,049 s/f residential facility for youth in foster care in Mass.

Salem, MA Groom Construction Co., Inc. recently celebrated the ribbon cutting for a new residential facility at Plummer Youth Promise - a transformative project designed to support youth in foster care and strengthen families.

Simmons University and Skanska celebrate
topping off of new Living and Learning Center

Boston, MA Simmons University marked a major milestone with a “topping off” ceremony for its new Living and Learning Center – the centerpiece of its One Simmons project, alongside construction and development partner Skanska. The event celebrated the placement of the final steel beam on the 19-story building

Peabody Properties adds Marksdale Gardens to portfolio

Peabody Properties, an affiliate of The Peabody Companies, a group of award-winning property management and real estate firms, has added the Marksdale Gardens Cooperative to its portfolio of managed communities.

Vicinity Energy earns North America Utilities Deal of the Year Award by Proximo Infra

Boston, MA Vicinity Energy, the nation’s largest owner and operator of district energy systems, has been recognized with the North America Utilities Deal of the Year Award by Proximo Infra.

City Realty Group files applications for Project Eligibility Letters for two 40B projects

Brookline, MA City Realty Group, a community-focused real estate company, has filed applications for Project Eligibility Letters (PEL) from the Massachusetts Housing Finance Agency (MassHousing) for its property at 1280-1330 Boylston St. This 5.34-acre site located on Boylston St. (Rte. 9) on the Newton border represents one of the area’s most significant development opportunities in decades.

John M. Corcoran & Company sells Lynnfield Commons; retained as property managers

Lynnfield, MA John M. Corcoran & Company (JMC) sold Lynnfield Commons to L&G, who is working in partnership with Taurus Investment Holdings, LLC. JMC, which developed and built the property in 2009, will remain on as the property manager for the 200-unit garden-style apartment community.

State awards $5.4m to NeighborWorks Housing Solutions for Quincy St. Supportive Housing project

Quincy, MA NeighborWorks Housing Solutions (NHS) has been awarded $5.4 million in grants and loans from the Healey-Driscoll Administration to support its Quincy St. Supportive Housing project at 150-156 Quincy St.

A carve-out from Connecticut’s prevailing wage laws could be boon for brownfield redevelopment - by Garry O’Connor

The Connecticut General Assembly recently passed a key amendment to prevailing wage laws which helps resolve a major challenge to developers, municipalities and businesses seeking to redevelop brownfield sites.

Alchemy Station joins Allston Labworks

Allston, MA Alchemy Station, a certified women-owned art consulting firm and creative studio, has joined the Allston Labworks campus at 280 Western Ave. In addition to establishing their new office, Alchemy Station will oversee two dedicated artist studios next door as part of the development’s artists-in-residence program.