Owners Developers & Managers

BOMA Boston update – Back to school and back to BOMA!

The sold out BOMA Networking Nite was a great success on September 5th! Close to 200 BOMA members and industry guests came together at Newmark’s 53 State St. Thank you to Compass Facility Services and Newmark for hosting.

IREM President’s message: From empty offices to affordable housing

Combine an excess of vacant office buildings with the need for increased multi-family affordable housing and it seems obvious that repurposing existing workforce spaces could be the solution to addressing the respective surplus and shortage. But like all things that elicit a “eureka” moment, it comes down to the pros and cons.

CAI secures major win for Massachusetts Condominium Associations: Electronic meetings and voting bill passes

Boston, MA On the last day of formal sessions for the 2023-2024 Massachusetts legislative session, the House and Senate passed a comprehensive housing bill (H4977) The Affordable Homes Act which added Section 24 to Chapter 183A allowing for electronic meetings and voting in condominiums. Governor Healey signed the bill (H 4977)

N6 Properties to construct 50,000 s/f
ground-up apartment building

Boston, MA Boston developer Diarmaid McGregor, principal of N6 Properties, started work at 375 Cummins Hwy. on a 49-unit apartment building in the Roslindale neighborhood. The project represents the first ground-up venture McGregor and company have undertaken

Dacon Corp. and The Engine
enter strategic partnership

Cambridge, MA The Engine and Dacon Corp. have entered a partnership to support disruptive startups that have the capability to positively change the trajectory of society. This partnership funds affordable access to critical resources such as labs, equipment, programming, mentorship and networking opportunities to early-stage startups.

Capstone Communities refinances Station Lofts for capital improvements

Brockton, MA Capstone Communities LLC has refinanced its property Station Lofts, a 25-unit mixed-income apartment community. With this refinancing, Capstone secured $150,000 that will be used to make on-site capital improvements to the exterior and interior of the property.

The Dylan Costello Team of Coldwell Banker Global Luxury begin sales at Trimount Place

Boston, MA The Dylan Costello Team of Coldwell Banker Global Luxury has listed the first units at Trimount Place, the latest addition to the Andrew Square neighborhood. The exclusive listing agents for Trimount Place are CEO Dylan Costello, Danny Allen and Farah Fakih.

J. Calnan & Associates join Rhino Capital for groundbreaking
of 180,000 s/f flex space at the Business Park at Myles Standish

Taunton, MA Nearly 75 guests gathered to commemorate the start of construction on a significant new development at the Business Park at Myles Standish. The groundbreaking ceremony marked the beginning of a 180,000 s/f flex/manufacturing facility located at 55 Dever Dr.

Affordable Housing and Services Collaborative, Inc., Peabody Properties, and Onyx Group break ground on 200-unit senior housing

Foxborough, MA The Walnut Street Joint Venture, comprised of Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities; Peabody Properties, one of the preeminent property management and development companies in the affordable housing industry

Logistics Property Company appointments Crawford as senior vice president, acquisitions

Boston, MA Logistics Property Company, LLC, a modern logistics real estate developer, investor, and manager based in Chicago, has appointed Mark Crawford as senior vice president, acquisitions for the company’s east region.