Front Section

Spire Investments completes purchase of 10 Beverly apartments for $2.5 million

Beverly, MA Spire Investments has completed the purchase of 24 & 29 Washington St., the properties consist of two apartment structures consisting of 10 units comprised of one and two-bedrooms, for $2.5 million. Stephen Girolamo of Horvath & Tremblay brokered the deal.

IQHQ acquires The Buckminster

Boston, MA IQHQ, Inc., has completed the acquisition of The Buckminster on Beacon St. in the city’s Kenmore Sq. area. The purchase price was not disclosed. The strategic acquisition aligns with IQHQ’s ongoing development efforts in the adjacent Fenway market, which includes

The Stubblebine Co. arranges $22.5 million sale of 76,570 s/f property

Woburn MA David and James Stubblebine, principals of The Stubblebine Company/CORFAC International, arranged the sale of 216 New Boston St. and 225 Merrimac St., two industrial buildings totaling 76,570 s/f on 14.68 acres of industrial zoned land for $22.15 million.

MassDevelopment issues $37.89 million tax-exempt bond on behalf of BC Baystate Place LLC for Springfield property

Springfield, MA MassDevelopment has issued a $37.89 million tax-exempt bond and a $988,891 taxable bond on behalf of BC Baystate Place LLC, an affiliate of Beacon Communities LLC, which is using proceeds to buy, renovate, and equip the Baystate Place apartment complex

The Western Mass. CRE market has largely mirrored the rest of the country in 2020 and 2021 - by William Low

The Western Massachusetts commercial real estate market has largely mirrored the rest of the country in 2020 and 2021. The industrial sector has been on a tear while the retail and office markets, not so much.

Fitzgerald joins The Savings Bank as vice president - commercial

Wakefield, MA Ed Fitzgerald has joined The Savings Bank as vice president - commercial lender. Fitzgerald’s new appointment marks his return to the bank, having served in the same capacity from 2008 to 2012.

Verenis of Marcus & Millichap handles $1.2 million apartment building sale

Worcester, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has competed the sale of Arline Street Apartments, a six-unit apartment property, according to Thomas

Campanelli acquires former CISCO campus - Newmark to lease The Park at Beaver Brook

Boxborough, MA Campanelli has assigned Newmark to lead leasing efforts at the former CISCO headquarters campus, newly rebranded as The Park at Beaver Brook. The Park at Beaver Brook totals more than 409,000 s/f of existing office space and up to 1 million s/f of new development

Northeast Private Client Group brokers $4.1 million building sale

Holliston, MA Northeast Private Client Group’s (NEPCG) has completed the sale of Central St. mixed-use building. Senior associates Francis Saenz and Drew Kirkland represented the sellers and procured the buyers for the mixed-use transaction

Purchase and Sale of Real Estate - Part 1 - by Michael Brangwynne

Introduction: Agreements for the purchase and sale of real estate are governed by the same general contract principles that apply to any binding agreement between two or more parties. Nevertheless, there are certain legal issues that often arise in the purchase and sale of real estate