Clean up (your lab) in a down economy - by David Blumberg

With rising interest rates, inflation and escalating concerns about raising and borrowing funds, these are challenging times for life science tenants and their landlords. However, even in this environment, the decommissioning of lab space and securing a “Clean Certificate” at yield-up or upon subleasing or assignment must not be overlooked.

Keefe of Greater Boston Commercial Properties leases 21,512 s/f to Product Insight Inc. at 80 Central St. within Tech Central

Boxborough, MA Product Insight, Inc. will move its headquarters from 1 Post Office Sq. in Acton to 80 Central St. The 375,000 s/f Tech Central campus is located 30 miles northwest of Boston.

Local developer RISE completes new six-unit condo. community

East Boston, MA RISE, a local Boston-based minority-owned construction and development firm, has completed their new boutique residential condominium community located at 238 Webster St.

Times are changing for security in residential property management - by Christopher Lanni

During my 25 years in this industry, it’s been commonplace to see the subject of security placed on the back burner by property managers, owners and board members in lieu of what are perceived as more pressing property issues. When it is addressed, it’s often narrowly defined

Nguyen named chief financial officer and controller of A.W. Perry

Boston, MA A.W. Perry, a real estate investment and services firm with offices in Boston and Hingham, has appointed Tim Nguyen to chief financial officer and controller of the firm.

Twelve months of hotel recovery feels good but it should feel better! - by Jim Luchars

Let’s start with the positive. The first quarter of 2023 has proven to be a strong continuation of the hotel recovery in New England and across the country. With the Omicron surge in December 2021, New Year’s plans were cancelled and business and leisure travel plunged in January and February 2022. Fortunately, in Q1 2023, we saw a recovery from this and much stronger demand with Revenue Per Available Room (RevPAR) up 21.5%

Colliers assists on sale of 5,400 s/f building

Plainville, CT Plainville Martial Arts has purchased 240 East St., a 5,400 s/f multi-tenant medical building located on 0.96 acres. Christian Dietz and Phil Gagnon of Colliers International

Sigfridson and White of The Boulos Company broker $3.7 million sale

Dover, NH The Boulos Company’s Drew Sigfridson and Kent White represented Hannaford Bros. Co., LLC in the sale of 829 and 831–833 Central Avenue to Calico Properties, LLC for $3.7 million. 

Freudenheim Partners facilitates new 3,412 s/f office for Lannan Technologies in Seaport

Boston, MA Freudenheim Partners has facilitated a new sublease for Lannan Technologies, a cyber security company looking for a local office presence. They will now occupy 3,412 s/f at 250 Summer St. in the city’s Seaport neighborhood. 

Horvath & Tremblay complete $6.11 million sale of ConvenientMD

Plaistow, NH Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of ConvenientMD. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,110,169.