North Easton Savings Bank named #1 top workplace in mid-size business category by Boston Globe

Easton, MA North Easton Savings Bank has been ranked the #1 Top Workplace for 2022 in the mid-size business category by the Boston Globe. In addition to taking the Top Workplace spot, the bank also earned recognition in the Top Workplaces Culture Excellence, Employee Appreciation, Employee Well-Being, and Professional Development categories.

Shawmut Design and Construction completes renovation to Boston City Hall Plaza

Boston, MA Shawmut Design and Construction joined the city of Boston on November 18 to celebrate the reopening of City Hall Plaza following its transformational renovation to create a modernized, everyday destination. The completed construction project, led by Shawmut in partnership with global design firm Sasaki, transformed the seven-acre plaza into a civic space for all.

Spire Investments purchases nine-unit apartment property at 1 Webster St. in Gloucester, MA for $1.65 million

Gloucester, MA Jay Goldberg of Spire Investments has completed the purchase of 1 Webster St. The property, a nine-unit, four-story brick apartment building built in 1981, was purchased for $1.65 million, or $183,333 per unit.

J&M Brown Company completes electrical construction of Cambridge Crossing Parcel G building located at 350 Water St.

East Cambridge, MA J&M Brown Company (JMB) has completed the comprehensive core and shell electrical construction of the new 14-story, 510,000 s/f Cambridge Crossing Parcel G building located at 350 Water St. The Sanofi technology and research building, is comprised of 12 floors of research labs and offices; a two-floor electrical and mechanical penthouse; and a three-level below-grade parking garage.

Commercial Real Estate in High Inflation - by Harrison Klein

Buying real estate using significant leverage (debt) during times of high inflation can make tremendous sense. On a long-term basis, rents typically rise with inflation while interest payments stay the same. Financing acquisitions using 65% loan to value (LTV), a 10% increase in net income will result in a 31% increase in cash flow! Not to mention, increased cash flow often translates to an increased value of the asset to help solve for an exit.

MassDevelopment issues $36 million tax-exempt bond for The Park School

Brookline, MA MassDevelopment has issued a $36 million tax-exempt bond on behalf of The Park School, a nonprofit, coeducational day school for grades pre-K through eight, will use a portion of bond proceeds to fund several capital projects on its campus at 171 Goddard Ave.

Triglione, of Nordlund Associates, Inc. sells 4,300 s/f office for $1.65 million

Newburyport, MA Nordlund Associates has completed the sale of 7 Prince Place, Unit 301, in downtown. The 4,300 s/f office condominium was purchased for $1.65 million by the owners of Ambrosi, Donahue & Congdon, CPA, a local area certified public accounting firm.

Hewitt joins High Street Residential as senior VP

Boston, MA According to High Street Residential (HSR), the residential subsidiary of Trammell Crow Co. (TCC), Carolyn Hewitt has joined the firm to lead multifamily development in the city. In her role as senior vice president, she will be responsible for sourcing, shaping and executing multifamily developments throughout the region.

Kelleher and Pentore of Horvath & Tremblay handle $8.03m sale

South Boston, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of three apartment buildings for $8.03 million. Exclusively representing 42 North Capital in the partial disposition of their portfolio, Kelleher and Pentore sold 115 G St. for $2.6 million, 149 W 8^th St. for $2.225 million and 870 E 5^th St. for $3.2 million.

Aho Properties completes four sales in Massachusetts totaling
$13.675 million - brings total sales for 2022 to over $23 million

Marlboro, MA Joel Aho, president of Aho Properties, was involved in $13.675 million of commercial real estate sales in the towns of Marlboro, Northborough, Littleton and Ayer, Mass. These sales bring the total sales for 2022 to over $23 million.