SGA named to innovative companies list for 2021

Boston, MA SGA has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021. The list honors the businesses

Hughes of New Dover Associates arranges 50,016 s/f in three leases

Marlborough, MA Scott Hughes, president of New Dover Associates, Inc., represented the landlord, Yellow Brick, LLC in transacting three leases totaling 50,016 s/f at 630 Forest St.

National Development promotes Forchielli to senior vice president

Newton, MA According to National Development, Marc Forchielli has been promoted to senior vice president. Forchielli is responsible for the acquisition, financing, and disposition of investments across a mix of property types

D.H. Smith & Sons relocates to Marshfield

Marshfield, MA D.H. Smith & Sons, a company which provides wood waste cycling, land clearing, mulch manufacturing, power equipment and retail landscape supplies and which serves both the wholesale

Horvath & Tremblay broker $3.335 million sale of a Federal Express Ground facility on Nantucket island

Nantucket, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a Federal Express Ground facility. Horvath & Tremblay exclusively represented the seller

Improvement or construction exchanges under IRC Section 1031 - by Brendan Greene

Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment,” to defer paying any capital gains taxes if the property owner sells

Griffith, Pepdjonovic of Marcus & Millichap arrange the sale of nine units in Somerville for $2.81 million

Somerville, MA Marcus & Millichap completed the sale of two multifamily properties for a total of $2.81 million. 52 Sargent Ave., sold for $1.41 million, while 134 Pearl St. sold for $1.4 million. Evan Griffith and Tony Pepdjonovic, investment specialists in Marcus & Millichap’s Boston office, had the exclusive listing to market the property

The Stubblebine Company and R.W. Holmes Realty Co. arrange 55,500 s/f lease

Devens, MA David and James Stubblebine, principals of The Stubblebine Company, and Michael Ogasapian of R.W. Holmes Realty Co. arranged a 55,500 s/f lease at 4 MacArthur Ave. to Allios, Inc. The Stubblebine Co. represented the landlord, MacArthur Avenue, LLC, and R.W. Holmes Realty Co. represented the tenant in the transaction.

Jumbo Capital sells three properties from its research and development portfolio to Rhino Capital Advisors, LLC for $27.4 million

Andover, MA Privately held real estate investment firm, Jumbo Capital completed the sale of three properties from its research and development portfolio to Rhino Capital Advisors, LLC. 

Hartford, Park and Marrero join MassDevelopment’s executive team

Boston, MA MassDevelopment has named additions to the agency’s executive team. Theresa Park, current executive director of the Merrimack Valley Planning Commission, will join the agency as deputy director and