Front Section

Bongiorni of SR Comm’l. sells 3,070 s/f bank site

Southwick, MA Paul Bongiorni of SR Commercial Realty brokered the $700,000 sale of a 3,070 s/f former bank property at 664 College Hwy. (Rtes. 10 and 202). The building, on 4.05 acres, was owned by KeyBank.

Conrad Group sells office for $1.8 million

Norwell, MA The Conrad Group negotiated the sale of 52 Accord Park Dr. The three-story, 17,500 s/f office building is situated on 1.82 acres in Accord Park. According to Robert Conrad, president of The Conrad Group, “It is good to see the office market on the South Shore

Senné hires Elliot as director of debt & structured finance

Boston, MA The industry-leading real estate advisory and investment firm Senné has hired Andy Elliot as director of debt & structured finance. As director of debt & structured finance, Elliott will lead the commercial real estate debt and equity

CBRE arranges $175 million sale of six-building industrial portfolio

Franklin, MA CBRE has arranged the sale of a six-building industrial portfolio (known as Partners Industrial Portfolio) in suburban Mass. New York City-based Link Logistics Real Estate acquired the assets, which total 802,194 s/f, for $175 million.

There are signs of a very hot hotel and resort market - by Earle Wason

I could never have imagined on January 1st how this year’s hotel brokerage transactions could lead to one of our best. My firm, Wason Associates, has had a business model that is paying dividends for us at this time as resort markets throughout New England and New York have been where the greatest

Spire Investments completes purchase of 10 Beverly apartments for $2.5 million

Beverly, MA Spire Investments has completed the purchase of 24 & 29 Washington St., the properties consist of two apartment structures consisting of 10 units comprised of one and two-bedrooms, for $2.5 million. Stephen Girolamo of Horvath & Tremblay brokered the deal.

IQHQ acquires The Buckminster

Boston, MA IQHQ, Inc., has completed the acquisition of The Buckminster on Beacon St. in the city’s Kenmore Sq. area. The purchase price was not disclosed. The strategic acquisition aligns with IQHQ’s ongoing development efforts in the adjacent Fenway market, which includes

The Stubblebine Co. arranges $22.5 million sale of 76,570 s/f property

Woburn MA David and James Stubblebine, principals of The Stubblebine Company/CORFAC International, arranged the sale of 216 New Boston St. and 225 Merrimac St., two industrial buildings totaling 76,570 s/f on 14.68 acres of industrial zoned land for $22.15 million.

MassDevelopment issues $37.89 million tax-exempt bond on behalf of BC Baystate Place LLC for Springfield property

Springfield, MA MassDevelopment has issued a $37.89 million tax-exempt bond and a $988,891 taxable bond on behalf of BC Baystate Place LLC, an affiliate of Beacon Communities LLC, which is using proceeds to buy, renovate, and equip the Baystate Place apartment complex

The Western Mass. CRE market has largely mirrored the rest of the country in 2020 and 2021 - by William Low

The Western Massachusetts commercial real estate market has largely mirrored the rest of the country in 2020 and 2021. The industrial sector has been on a tear while the retail and office markets, not so much.