Front Section

Herrick Lutts assists on sale and new use of former newspaper bldg.

Beverly, MA Herrick Lutts Realty Partners, an established commercial and residential real estate firm which has served the North Shore for over 25 years, has followed with interest the transformation of the of a former newspaper office to an office, research and industrial space.

Gamache elected president of WBA of Mass.

Boston, MA According to law firm Rackemann, Sawyer & Brewster, attorney Heather Gamache has been elected president of the Women’s Bar Association of Massachusetts (WBA) for 2021-2022. Gamache has served on the WBA board of directors since 2017 and served as president elect in 2020-2021.

ESC president and CEO LaFreniere appointed to the Federal Reserve Bank of Boston’s New England Advisory Council

Burlington, MA According to Electrical Supply Center, president and CEO Larry LaFreniere has been appointed to the New England Advisory Council (NEAC). The NEAC is convened by Boston Fed president and CEO Eric Rosengren and includes senior leaders of small- to mid-sized businesses throughout New England.

Greatland and Singerman complete acquisition of 10 Maguire Rd.

Lexington, MA Greatland Realty Partners and Singerman Real Estate have closed on the acquisition and financing of 10 Maguire Rd. The four-building, 288,528 s/f creative office and R&D property is a joint venture between Greatland and Singerman, and is the second investment partnership

Burnett joins DiPrete Engineering as vice president

Cranston, RI According to DiPrete Engineering, Gregg Burnett has joined the team in the role of vice president. Burnett has over 20 years of experience in the civil engineering industry integrating infrastructure needs and strategic permitting requirements on a broad range

R E Dinneen Architects is now Vivo Architecture

Boston, MA One of the city’s premier specialists in life science design, architecture firm R E Dinneen Architects and Planners has a new name and corporate identity as Vivo Architecture (VIVO). Led by partners Robert Johnston, Mathew O’Brien RA, and Daniel Figueredo AIA,

Hancock Associates acquires Sherman & Frydryk

Danvers, MA Hancock Associates, a leading provider of land surveying, civil engineering and wetland science services, has acquired Sherman & Frydryk, LLC, a land surveying and civil engineering firm located in Palmer, Mass. Sherman & Frydryk, with roots dating back to 1950

Carlson, Perun, and Kirkland of Northeast Private Client Group broker $12.75m sale of Pine Ridge Estates in Greenfield, MA

Greenfield, MA Real estate investment services firm Northeast Private Client Group (NEPCG) has completed the sale of Pine Ridge Estates located at 19 Bradford Dr. Investment associate Brad Carlson along with senior associates Taylor Perun and Drew Kirkland represented the seller

Project of the Month: Thibeault Development completes another $50m sale of former Everett salvage yard site to Greystar

Everett, MA William Thibeault of Thibeault Development has sold a 6+ acre parcel, formerly known as Siegel’s Auto Salvage Facility and Edel Brown Machinery for $50 million. The property at 119 and 85 Boston St. was sold, along with 650 fully approved residential permits.

Current state of the industrial & distribution real estate market - by Thomas Madonna

Activity in the industrial, distribution and logistics real estate sectors remains strong. In fact, CBRE Econometric Advisors forecasts that new industrial completions will jump by 29% in 2021. And many believe that competition in the space will grow in the new future for this sector.