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South Coast Improvement Company launches affordable housing division

Marion, MA South Coast Improvement Company (SCIC) has launched an affordable housing division. The new division includes additional staffing in the areas of business development, project management and support.

Griffith and Pepdjonovic of Marcus & Millichap arrange $3.67 million sale of 565-585 Sea St., a 17-unit apartment property in Quincy, MA

Quincy, MA Marcus & Millichap completed the sale of 565-585 Sea St., a 17-unit apartment property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3.67 million.

Affordability preserved at Fresh Pond Apartments

Cambridge, MA According to The Schochet Companies, Rindge Associates LP has executed an agreement with the city to preserve as affordable 504 housing units at Fresh Pond Apartments.

WinnDevelopment’s Stone Mill project receives financing approval

Lawrence, MA WinnCompanies has received the financing commitments needed to acquire and renovate The Stone Mill, built 176 years ago by the founder of the city, into 86 apartments serving families and individuals across a range of income levels.

Erland Construction chosen by The Davis Cos. to build 3-story lab building with Jacobs

Cambridge, MA Erland Construction announced that The Davis Companies has selected the firm to construct 101 Smith Place–a 165,000 s/f cutting edge three-story lab-ready facility. 101 Smith Place will be part of The Davis Cos.’ growing life science campus

R.W. Holmes sells two Waltham properties for $9.15 million

Waltham, MA Dean Blackey and Elizabeth Holmes of R.W. Holmes Realty Co., Inc. completed the package sale of two buildings on Calvary St. 154 Calvary St., a 26,000 s/f flex building sold for $4.4 million and 224 Calvary St., a 29,500 s/f flex building sold for $4.75 million

Kelleher and Pentore of Horvath & Tremblay sell The Woodbridge in Cambridge for $6.35 million

Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of The Woodbridge, a 13-unit apartment building. The duo exclusively represented the seller and procured the buyer to complete the transaction at a sale price of 6.35 million, which is $488,462 per unit.

Horvath & Tremblay sells Walgreens and John Brewers Tavern for $10.4 million

Waltham, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of Walgreens and John Brewers Tavern. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $10.4 million.

Newmark brokers $43.5 million sale of 176 Federal St., Boston

Boston, MA Newmark completed the $43.5 million sale of 176 Federal St., an office/retail asset located in Boston, Massachusetts. Newmark co-head of U.S. Capital Markets Robert Griffin, vice chairman Edward Maher, executive managing director Matthew Pullen and managing director Samantha Hallowell

STAG acquires two industrial properties for $28.52 million - arranged by Dragos, Jacoby, Skeffington, Hayes, Sandeman, Mulhall and Hine of CBRE

Hudson, MA CBRE has sold two industrial properties totaling 247,056 s/f located at 4 Robert Bonazzoli Rd. in Hudson, and 15 Chocksett Rd. in Sterling, Mass. STAG industrial acquired both assets for a combined sale price of $28.52 million.