Dave Carswell, managing director of Largo’s Manhattan office, arranged $18 million in CMBS financing for two multifamily portfolios. Carswell secured $8.2 million for the first portfolio consisting of seven properties. The non-recourse, 10-year mortgage Auburn, MA
NAI Glickman Kovago & Jacobs facilitated the sale of the 53 site, age restricted investment property at 47 Washington St. David Eldredge, NAI Glickman’s vice president, represented the seller, WP LLC. Michael Jacobs, NAI Glickman’s Milford, MA
Marcus & Millichap completed the sale of Hill Medical Offices, a 39,424 s/f office property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $4.3 million. Adam Cohen and Harrison KleinBrighton, MA
Cornerstone Realty Capital recently arranged $5.2 million for the acquisition and renovation of three residential properties in the Allston and Brighton neighborhoods of Boston. Combined, the three properties feature a total of 12 units with a unit mix of four two-bedroom units,
All applications for licenses to operate Massachusetts adult-use marijuana establishments and medical marijuana treatment centers (establishments) must comply with the Cannabis Control Commission’s (the commission) energy efficiency, environmental, and reporting standards set Beverly, MA
On the heels of the sale of the retail complex known as Applebrook Plaza in Leominster, Mass., Jay Goldberg of Spire Investments completed the purchases of three properties in Massachusetts, Maine, and Rhode Island, totaling $4.73 million. The most recent of Spire Investments’ latest string of purchases Burlington, MA
Azzur Cleanrooms on Demand (COD), an Azzur Group company, leased a 50,000 s/f single story free-standing office/flex building located at 60 Blanchard Rd. The property is located across from Lahey Clinic with direct frontage and visibility on Rte. 128/95. Purchased in 2019 by the Nordblom Company, the building will undergo interior renovation, and exterior upgrades.
Material shortages, loss of labor, restrictions on global travel and bottlenecked production–it seems like a fatal equation. Far from thwarted by the COVID-19 recession, supply chain disruptions throughout the pandemic have strengthened the industrial and logistics sector. The supply chain process in full is undergoing mass re-consideration, Boston, MA
Renovo Financial, a leading real estate specialty finance company focused on lending to residential rehabbers, builders, and developers, has expanded to Massachusetts and is opening an office in the city. To spearhead the market, Paul Shaughnessy has joined the firm as senior vice president. Shaughnessy joins Renovo Financial with a multi-faceted background Woburn, MA
Cummings Properties has completed the promotions of four seasoned colleagues in its construction division. Scott Crowley, Dan Linscott, Alian Lyons, and Luis Padilla recently advanced their positions at the commercial real estate firm. Former Woburn grounds team leader Crowley has advanced to associate manager of the firm’s 2.3 million s/f portfolio in Beverly.