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Category: Owners Developers & Managers
North Shore Realty Advisors, Inc. brokers $10.404 million 48-unit apartment sale
September 30, 2022
Lynn, MA North Shore Realty Advisors, Inc. completed the sale of the Kingsley Terrace Apartments located at 1-4 Kingsley Terrace. This garden-style 48-unit asset sold for $10.404 million which equates to $216,750 per unit. The unit-mix consists of 48 one-bedrooms.
Things that appraisers do right - by Bill Pastuszek
September 30, 2022
Appraisers have been under some heat in the recent past. And, the heat, if this summer is any predictor, is not likely over. But today we’re going to focus on something more useful – things that appraisers do well 1. Transparency – From Beginning to End. Having a scope of work explanation gives the
Messore and Bellard of Colonial Properties broker three land sales in Conn. totaling $3.25 million
September 30, 2022
Ansonia, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., the firm completed the following transactions. Fred Messore, senior vice president, was the sole broker in the sale of 64 & 78 Pulaski Hwy. in Ansonia. The 27-acre lot of raw land
Connors joins Hancock Associates as regional engineering manager
September 30, 2022
Newburyport, MA According to Hancock Associates, Matthew Connors, PE has joined the firm as regional engineering manager. Connors will be assisting Joe Peznola, PE, the firm’s director of engineering, in managing Hancock’s eastern engineering operations. He is based
Holmes and Blackey of R.W. Holmes complete 6,168 s/f lease
September 30, 2022
Newton, MA R.W. Holmes negotiated a new office lease of 6,168 s/f to Industrial Video & Control. Industrial Video & Control, a manufacturer of rugged IP cameras and video management software for industrial, commercial,
Bozzuto Construction celebrates topping-out for the Rowen at the Pinehills
September 30, 2022
Plymouth, MA Bozzuto Construction Company (BCC) celebrated the topping-out for the Rowen at the Pinehills. The Rowen, constructed in partnership with New England Development, Bozzuto Development, JPMorgan Chase & Co., and ICON Architecture, is a 178-unit multifamily development
The Stubblebine Company facilitates lease to Urthpact LLC
September 30, 2022
Leominster, MA David Stubblebine and James Stubblebine, principals, and Alan Ringuette, senior advisor at The Stubblebine Company, represented the landlord, Jytek Road Property Owner LLC, seller, and the tenant, Urthpact LLC, in the recent lease of 50 Jytek Rd. Urthpact helps brands
Bongiorni of SR Commercial Realty brokers sale of retail portfolio in downtown Springfield
September 30, 2022
Springfield, MA Paul Bongiorni of SR Commercial Realty represented the seller of a retail portfolio at 885-887 Sumner Ave. and 9-15 Dorset St. The sale consisted of three buildings: A single-tenant building on Sumner Ave., a multi-tenant plaza on Dorset St., and a small warehouse
Denenberg Realty Advisors negotiates $30 million acquisition of a 24-acre site
September 30, 2022
Wakefield, MA On September 13, Neil Denenberg, president of Denenberg Realty Advisors, negotiated an off-market sale of a 24-acre site at 200 Quannapowitt Pkwy. for $30 million. Denenberg Realty Advisors represented both the seller, Waterstone Wakefield, LLC,
Durgin of Conway Commercial completes $1.85 million sale
September 30, 2022
Pembroke, MA Paul Durgin, vice president of Conway Commercial, brokered the sale of 29 Winter St., for $1.85 million. The property, built in 2005, contained 14,500 s/f of first class office space, situated on over six acres. Located close to Rte. 3 it has been the headquarters to Gragil
5 critical things to remember when deciding to do a 1031 exchange - by Dwight Kay
September 30, 2022
If you’ve picked up a financial publication recently, chances are you’ve seen references to 1031 exchanges. A 1031 exchange is a legal way for investors to defer their capital gains taxes on the sale of real estate held for investment or business purposes. It allows one to defer taxes on a property sale
Colantonio Inc. hires Demessie and Rogge
September 30, 2022
Holliston, MA Colantonio Inc. has hired assistant project manager Basliel Demessie and assistant superintendent Ryan Rogge. Demessie’s four years of construction experience include work as a field engineer and assistant project engineer
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