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Fahy, Holmes and Blackey of R.W. Holmes handle $13.85 million sale of 99,000 s/f industrial building

Canton, MA R.W. Holmes has completed the sale of a 99,000 s/f industrial building for $13.85 million. R.W. Holmes’ broker, Mike Fahy along with Elizabeth Holmes, director of corporate services, and Dean Blackey, managing director,

Govenor Healey helps celebrate latest grants from Cummings Foundation: 150 nonprofits share in $30 million

Woburn, MA Confetti flew, horns were blown, and banners were waved at TradeCenter 128. Cummings Foundation’s annual Grant Winner Celebration drew 400 attendees, including Governor Maura Healey and – of course – Cummings Foundation co-founders Joyce and Bill Cummings.

Malden Catholic partners with Timberline Construction
and Scalora for expansion project

Malden, MA Malden Catholic (MC) presented major expansion plans for its academic and athletic programs. By partnering with Timberline Construction and Scalora Consulting Group, MC broke ground on May 9th for an academic and athletic facility located across the street from Malden Catholic at 50 Crystal St.

Sendero Capital and TPG Angelo Gordon purchase 65
Walnut St. for $24.3 million - Newmark handles the sale

Wellesley, MA Newmark has secured the $24.3 million sale of 65 Walnut St., a medical office building. The property traded from Wellesley/Walnut Street LLC, affiliated with Haynes Management Inc., to a joint venture between Sendero Capital and TPG Angelo Gordon. Newmark co-head of U.S. Capital Markets Robert Griffin, alongside senior managing director Michael Greeley

Marcus & Millichap hires Coonley as chief people officer

Boston, MA Marcus & Millichap has named a new chief people officer (CPO) Jan Coonley. Coonley will be responsible for overseeing all aspects of the company’s human resources activities, including systems, employee engagement, performance enhancement, talent retention and acquisition, skills and leadership development

The state of medical office properties in New England - by Harrison Klein

Medical office is in the news right now. Steward Health Care, which owns nine hospitals in New England, is in bankruptcy. Lifespan and Care New England in Rhode Island lost over $100 million in 2022. Prospect Medical in Connecticut owes the state $67 million. It appears that the privatization of hospitals was an ill-conceived idea.

King Street Properties closes on construction loan for 75 Jackson Rd. - a 45-acre, 700,000 s/f Pathway Devens campus

Devens, MA King Street Properties (King Street) has completed the closing of a construction loan for 75 Jackson Rd., part of King Street’s 45-acre, 700,000 s/f Pathway Devens campus, a premier location for advanced manufacturing. Once completed, 75 Jackson Rd. will add 210,000 s/f of advanced manufacturing space

Ligris + Associates PC acquires Hill & Plakias PC

Boston, MA Ligris + Associates PC, a boutique law firm specializing in commercial and residential real estate transactions, has acquired Hill & Plakias P.C, a Dedham, MA-based law firm serving business, institutional and individual clients in the areas of real estate, lender representation, and business transactions.

Project of the Month: BW Kennedy & Co., General Contractor, and Vivo Architecture complete Nikon’s BioImaging Lab in Lexington

Lexington, MA On May 29, 2024, Nikon held a ribbon-cutting ceremony to commemorate the opening of their BioImaging Lab, located at Greatland Realty Partners’ Lexington Labs Complex, constructed by BW Kennedy & Co. and designed by Vivo Architecture.

Shawmut Design and Construction, ARC/Architectural Resources Cambridge, and ZGF Architects celebrate ribbon cutting on UMass Chan Medical School’s $350 million new education and research building

Worcester, MA Shawmut Design and Construction, a $1.6 billion national construction management firm, ARC/Architectural Resources Cambridge, and ZGF Architects joined UMass Chan Medical School, The University of Massachusetts Building Authority