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Ciminelli Real Estate grows portfolio with acquisition of 6 Riverside for $12.4 million

Andover, MA Ciminelli Real Estate Corp. closed on the purchase of 6 Riverside.  The sale price was $12.4 million for the 78,000 s/f office building and 8.6-acre site. Ciminelli R.E. executives Christopher Neelon, managing director – Massachusetts Investments, Boston

Jumbo Capital sells self-storage facility to Baranof Holdings for $27.5 million

Stoneham, MA Privately held commercial real estate investment firm, Jumbo Capital has completed development and construction and sold their fourth large-scale self-storage facility. The 90,000 s/f development located at 54 Montvale Ave. houses 1,025 storage units

Marcus Partners sells four-building portfolio to GCP/Modlo for $173 million - Newmark’s Capital Markets Team handled the sale

Brockton, MA Newmark has completed the $173 million sale of the Northeast Logistics Portfolio, a four-building warehouse/distribution portfolio located in suburban Massachusetts.

TRB Realty negotiates the $7m sale of The Newtonville Portfolio - Moskowitz of Heritage Corp. reps buyer, 60 Austin Street LLC

Newton, MA TRB Realty negotiated the sale of The Newtonville Portfolio to 60 Austin Street LLC for $7 million.

BankRI finances $5.2m to Lark Hotels for Field Guide Lodge

Stowe, VT Bank Rhode Island’s (BankRI) commercial real estate division has closed a deal with Lark Hotels, providing $5.2 million in financing for the purchase and expansion of the Field Guide Lodge.

NAI Glickman Kovago and Cushman & Wakefield broker $18.35 million sale

Webster, MA 30 Goya Dr. has sold for $18.35 million. The former owner, A Duie Pyle Inc. company, sold the 78-door cross dock and truck maintenance facility on 20 acres to Old Dominion Freight Line.

MEREDA’s Annual Forecast Conference back in person on January 20th, 2022

Portland, ME On Thursday, January 20th, 2022, leaders from Maine’s real estate industry will be back in person for the Maine Real Estate & Development Association’s (MEREDA’s) Forecast Conference and Member Showcase

The hospitality industry continues to claw back from the impact of the pandemic - by David Roedel

The hospitality industry continues to claw back from the horrible impact of the pandemic. We are approaching our second year of dealing with an invisible enemy that brought our entire industry to its knees. After the initial shock of watching hotel demand plummet in March of 2020

bluebird bio, Inc. signs new 61,000 s/f lease at Assembly Row

Somerville, MA bluebird bio, Inc. has signed a long-term lease with Federal Realty to establish a biotech hub at Assembly Row. The 61,000 s/f facility to be located at 455 Grand Union Blvd. is designed to meet the changing needs of bluebird bio’s business

The St. Regis Residences celebrate reaching top floor of construction

>Boston, MA Developer Jon Cronin joined the construction team and staff to celebrate construction reaching the top floor at The St. Regis Residences, Boston. A banner signed by more than 250 workers and staff was lifted to the roof