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Broken leases and tenant bankruptcies during COVID - by Irve Goldman

With broken leases and bankruptcies continuing to rise during the pandemic, it’s crucial for commercial landlords to understand the intersection of lease termination and tenant bankruptcy.

O’Brien and Stepien of Greater Boston Commercial Properties broker building sale

Townsend, MA Bret O’Brien and Mitchell Stepien of Greater Boston Commercial Properties, Inc. (GBCP) represented the seller of 35 Scales Ln. The 39,000 s/f building was bought by Regional Home Care, Inc., which specializes in sleep therapy equipment.

Acella’s cannabis construction team completes
Emerald Grove Medical Dispensary in Eastham

Eastham, MA Acella Construction Corp. has completed construction on Emerald Grove Medical Dispensary at 3 Main St. Emerald Grove Medical Dispensary has received permits from the town to operate the combined retail and medical marijuana outlet.

Nickerson of O’Brien Comm’l. handles 82,000 s/f lease to Encore

Bolton, MA Nate Nickerson, senior associate at O’Brien Commercial Properties, brokered a lease transaction, totaling 82,000 s/f of high bay warehouse space owned by Paragon Holdings to Encore Boston Harbor (Winn). Winn is moving their warehousing

MassDevelopment issues $12.6m tax-exempt bond on behalf of the ARL of Boston

Dedham, MA MassDevelopment has issued a $12.6 million tax-exempt bond on behalf of the Animal Rescue League of Boston (ARL), a nonprofit with locations in Boston, Brewster, and Dedham that is committed to providing animals

Boston Shield Technologies leases 2,900 s/f from Cummings Properties at 260 Fordham Rd.

Wilmington, MA Boston Shield Technologies has found its first home at 260 Fordham Rd., a Cummings Properties building. The newly incorporated startup will utilize the 2,900 s/f space to manufacture personal protective equipment (PPE).

Pearce Real Estate makes and donates 25 Thanksgiving Baskets for 2020

North Haven, CT According to Nanette Pastore, president of Pearce Real Estate, the company made and donated Thanksgiving holiday baskets for those in need within their communities. The 25 baskets are actually foil roasting pans festively wrapped and filled

Turner Construction builds up boot drive to benefit Horizons for Homeless Children

Boston, MA Employees from Turner Construction Company’s Boston business unit came together for the eighth year to donate 176 pairs of boots and gift cards to help support Horizons for Homeless Children in Dorchester, Jamaica Plain, and Roxbury.

North Branch Construction donates safety fine program proceeds to two organizations

Concord, NH North Branch Construction has donated the proceeds from the firm’s annual Safety Fine Program to two deserving non-profit organizations - Twin Pines Housing Trust out of White River Jct., VT, and the NHSPCA in Stratham, NH.

351 Greater Boston nonprofits gifted $563,000 through Cummings Community Giving

Boston, MA Three hundred fifty-one Boston-area nonprofits were surprised with a collective $563,000 in funding courtesy of Cummings Properties’ Cummings Community Giving program.