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New England hotel development pipeline up year-over-year, as are renovations and conversions - by JP Ford

The New England hotel construction pipeline shows robust growth according to Lodging Econometrics’ (LE’s) Q4 2024 U.S. Hotel Construction Pipeline Trend Report. The region’s pipeline reached 150 projects with 17,202 rooms, marking significant year-over-year (YOY) increases of 10% in projects and 11% in rooms from Q4 2023’s figures of 136 projects and 15,468 rooms.

North Easton Savings Bank named America’s Best Regional Bank

Easton, MA North Easton Savings Bank was named to Newsweek’s 2025 list of America’s Best Regional Banks and Credit Unions. The award acknowledges North Easton Savings Bank’s proven track record of growing the community through fair banking practices, financial advising, and local philanthropy.

Hunneman sells 14,000 s/f to Legacy Real Estate Ventures for $1.9 million

Brockton, MA Legacy Real Estate Ventures closed on the purchase of 2 Jonathan Dr. in an all equity transaction. The 14,000 s/f building is fully occupied by TridentCare, a national diagnostic testing company that uses the location to service its Northeast clients.

Aho Properties leases 11,605 s/f to Drake Academy

Chelmsford, MA Joel Aho, president of Aho Properties, LLC represented ownership in the lease of 11,605 s/f at 275 Billerica Rd. to Drake Academy of Excellence.

Girl Scouts of Eastern Mass., in partnership with Suffolk, launch STEM-based “Cadettes Who Build” curriculum and patch program

Waltham, MA Girl Scouts of Eastern Massachusetts (GSEMA) revealed its newest STEM curriculum in partnership with Suffolk, one of the largest and most innovative construction and real estate enterprises in the country. “Cadettes Who Build,” an expansion to the previously launched “Juniors Who Build” and “Brownies Who Build” curricula

Scott of SV Design receives Passive House certification, promoted to senior project manager/building science

Winchester, MA According to SV Design, J. Benjamin Scott, CPHC received PHIUS (Passive House) certification and was promoted to senior project manager/building science on the firm’s institutional and multifamily team.

Petra Funds Group expands to 7,839 s/f at 185 Dartmouth St.

Boston, MA According to Synergy, a prominent real estate investor, operator, and manager, Petra Funds Group has expanded into 7,839 s/f of modern office space on the 11th floor of 185 Dartmouth St. This move reflects Petra Funds Group’s continued growth and success in the city’s Back Bay neighborhood.

CM&B awarded Herb
Chambers Porsche contract

Boston, MA Construction Management and Builders, Inc. (CM&B) was recently awarded a contract for the Herb Chambers Companies' new ground-up Porsche Dealership located at 1172

Related Beal to convert 347-unit Fairlawn to
100% affordable with $6.4 million investment

Boston, MA Related Beal (Related) completed the acquisition of Fairlawn Estates at the T (Fairlawn), one of the area’s largest market-rate apartment complexes. As part of the acquisition, Related will transform Fairlawn, investing $6.4 million into upgrades and creating affordable housing in perpetuity through a landmark agreement with the city.

Shawmut Design and Construction tops $1 billion in revenue in New England, expands leadership team

Boston, MA Shawmut Design and Construction, a $2 billion national construction management firm, has reached a major milestone in New England, surpassing $1 billion in revenue in 2024—driven by larger, more complex projects and strong partnerships