Tishman Speyer acquires 259-unit The Eddy from Green Cities Company for $135 million

East Boston, MA Tishman Speyer has acquired The Eddy, a recently-constructed, high-rise apartment tower located on the waterfront, from Green Cities Company for $135 million.  Built in 2016, The Eddy features 259 market-rate rental apartments that include a mix of studio, one-bedroom and two-bedroom floor plans.

JLL Capital Markets closes sale-leaseback of 215,575 s/f 550 Forbes to Berkeley Partners

Mansfield, MA JLL Capital Markets has closed the sale-leaseback of 550 Forbes, a single-tenant warehouse totaling 215,575 s/f. JLL represented the seller, FCA US (Stellantis), in the sale, and Berkeley Partners acquired the asset.

Jacobs and Eldredge of NAI Glickman Kovago & Jacobs handle two sales - $4.37m

Worcester, MA NAI Glickman Kovago & Jacobs facilitated the $3.625 million sale of 70 Goldstar Blvd., the site of a former Volvo dealership, on January 31, 2023. NAI Glickman Kovago & Jacobs principal Michael Jacobs represented the seller, Gallo Realty Co., Inc. Andrew Bonica of Eastern Retail represented the buyer, Parkingway Management LLC of Jamaica Plain, Mass. 

Kuye-Romelus joins The Peabody Companies

Braintree, MA According to the Peabody Companies, Olayinka Kuye-Romelus has been named as director of operations, with an assigned portfolio encompassing the Boston region.

O’Brien and Keefe of Greater Boston Commercial Properties, Inc. broker $1.9 million in sales

Ashland, MA Bret O’Brien and James Keefe of Greater Boston Commercial Properties, Inc. completed two sales totaling $1.9 million.  In the first transaction, the O’Brien/Keefe team represented the seller and procured the buyer in the sale of 1.7 acres on the corner of Megunko Rd. and Cherry St.

Newmark and CBRE complete 30,665 s/f lease for ASMPT AEi at 101 Billerica Ave. in the Axis Park North campus

Billerica, MA Newmark has completed the 30,665 s/f R&D lease for ASMPT AEi–a global leader in the automotive camera active alignment market–at 101 Billerica Ave. in the Axis Park North campus. Newmark senior managing director Rory Walsh and executive managing directors Richard Ruggiero, Torin Taylor and Matthew Adams represented the landlord

Redgate hires Gregoriadis, Lavery and Mueller

Boston, MA Redgate has expanded its senior leadership team with the hiring of Laura Gregoriadis, who will serve as the company’s first chief financial officer, Sharon Lavery, Redgate’s first senior director of human resources and culture, and Brian Mueller, who joins the company as vice president of asset management.

R.W. Holmes 2022 – Fourth quarter office and industrial highlights

Wayland, MA R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords in Massachusetts for more than 45 years, released its fourth quarter market report and forecast for 2023, reporting a shift towards tenants in the office market for the first time in five years, continued activity in the industrial sector, and an expectation that investment sales will pick up by Q3 2023.

Thru the Lens: City Realty Group donates Chromebooks at the Timothy L. Riley Education & Training Center

Gloucester, MA City Kids, a youth education nonprofit created by City Realty Group, donated 20 Chromebooks to Action Inc., a local nonprofit and community action agency. For more than 50 years, Action Inc. has been a champion for the people and communities of Cape Ann.

Thru the Lens: Helge-Gansett supports Revere Police Activities League Youth Basketball Tournament

Revere, MA Helge-Gansett sponsored the Revere Police Activities League (PAL) Youth Basketball Tournament held at Revere High School. Helge-Gansett provided a donation for the tournament and to support upcoming programs benefiting local youth.