Front Section

Cresa promotes three to managing principal

Boston, MA The local office of Cresa has promoted three transaction advisors to managing principals. John Coakley, Paul Delaney, and Joe Doyle have demonstrated sustained excellence in business development and exemplary client service as respected industry leaders. In addition to building strong and lasting relationships with clients,

MassDevelopment partners with Newburyport Bank to provide $3.15m in financing to 45 Wingate Street LLC

Haverhill, MA MassDevelopment has partnered with Newburyport Bank to provide $3.15 million in loan financing to 45 Wingate Street LLC, led by developer Ted Ammon, to renovate a historic five-story building located at 45-51 Wingate St. by adding 15 apartments on the vacant upper three floors.

Regazzini of Combined Properties arranges 9,038 s/f lease
renewal to NICE North America at Two Corporation Way

Peabody, MA According to Combined Properties, Inc., NICE North America, formerly Nortek Security & Control, LLC, has renewed a 9,038 s/f lease at Two Corporation Way, a first-class office building in Centennial Park.

Erland Construction welcomes Kennedy as business development manager

Burlington, MA Erland Construction has hired Kelly Kennedy as business development manager. Kennedy will be responsible for developing and supporting Erland’s relationships with new and existing clients in the advanced technology/life sciences, as well as the company’s other target market sectors

Press of Press|Cuozzo Commercial Services brokers 1,700 s/f lease

Hamden, CT Stephen Press, SIOR, co-principal of Press|Cuozzo Commercial Services signed a long-term lease at 2518 Whitney Ave., a newer 20,000 s/f mixed-use building with ground level retail and office

Wolf promoted to vice president of marketing at West Shore

Boston, MA West Shore has promoted Courtney Retzky Wolf to vice president of marketing. In this elevated role, Wolf is responsible for the creation and implementation of the corporate and property marketing and advertising strategy for West Shore’s growing national portfolio of multifamily assets.

Product of the Month: AirPuriX wall and ceiling mount air purifiers make floor standing air purifiers obsolete

The discovery during the pandemic that aerosolized pathogens, such as infectious bacteria and viruses including COVID-19, can float in the air for hours totally upended the prevailing thinking regarding how the clean air that streams from room air purifiers should be directed.

Hotels are back...But the challenges of development persist - by Harry Wheeler

The hospitality market in 2023 is a mixed bag. For the traveler, the experience is amazing. Hotels have reopened and restaurants are bustling, with business back in full force to compensate for the economic downturn due to the pandemic. However, hotel developers face a situation that is less promising, with deals becoming increasingly difficult to pencil.

R.W. Holmes negotiates 21,843 s/f industrial lease for NEFAB Packaging

Franklin, MA R.W. Holmes has negotiated a new 21,843 s/f industrial lease for its client NEFAB Packaging. NEFAB, a global industrial packaging provider that offers packaging solutions and logistics

Edwards and Wright of Northeast Private Client Group broker $1.345 million sale

Milford, CT Northeast Private Client Group (NEPCG) has completed the sale of a medical building located at 2080 Bridgeport Ave. The property was presented by senior associates, Rich Edwards and Jeff Wright, who represented the seller and procured the buyer.