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Blackey of R.W. Holmes Realty handles $1.7 million building sale

Sudbury, MA Dean Blackey of R.W. Holmes Realty Co., Inc. assisted Jake Parsons of Parsons SVS with the $1.7 million sale of the 12,000 s/f office space at 60 Union Ave., to Blackey’s longtime client, Len DiCarlo of B&L Associates.

Dennett of Elite Commercial Realty represents First Olympia Realty, LLC in the sale of the Olympia Theater in Worcester, MA

Worcester, MA Commercial representative Scott Dennett of Elite Commercial Realty represented First Olympia Realty, LLC in the sale of the closed 1,300 seat Olympia Theatre.  Built in 1891, it is Worcester’s oldest theatre

SMPS Boston names new board of directors for 2021 - 2022

Boston, MA SMPS Boston, a volunteer organization for marketing professionals in the architecture, engineering, and construction (A/E/C) industries, has named its new board of directors for the upcoming program year. The new board includes 12 members of SMPS Boston, all of whom represent and help the organization in meeting its vision

PROCON continues to grow under the next generation of leadership

Hooksett, NH PROCON, a family-owned and operated design-build firm is continuing its family legacy under the leadership of managing directors John Stebbins and Jennifer Stebbins Thomas, along with long-term PROCON officers.

Cresa negotiates100,000 s/f lease on behalf of Generation Bio Co.

Waltham, MA The Boston office of Cresa has negotiated a long-term lease commitment for 100,000 s/f at Centerpoint, located at 41 Seyon St. on behalf of Generation Bio Co., a biotechnology company innovating genetic medicines to provide durable, redosable treatments for potentially hundreds of millions

Clarion Partners sells Cambridge Highlands Campus for $180 million - Newmark’s Capital Markets Group represents seller and procures buyer

Cambridge, MA Newmark completed the $180 million sale of the Cambridge Highlands Campus, a four-building office/R&D campus. Newmark co-head of U.S. Capital Markets Robert Griffin, vice chairman Edward Maher, executive managing directors Matthew Pullen

Conrad and McEvoy of The Conrad Group sell 80,000 s/f facility for $14 million - for seller, MAG RE Holdings 800 Boston Turnpike, LLC

Shrewsbury, MA The Conrad Group has sold 800 Boston Tpke. The property consists of an 80,000 s/f life sciences building on 6.3 acres. The site is leased to Cytiva, a global provider of technologies and services that help advance and accelerate the development and manufacture of therapeutics.

Material price escalation – What is a contractor to do? - by Jared Cohane

The fallout from the COVID-19 pandemic continues to plague the construction industry in many ways, but perhaps the most significant erosion to the contractor’s bottom line has come in the form of market volatility for construction materials.

Eastern Bank welcomes Metropolitan Cabinets & Countertops as a new commercial customer

Boston, MA According to Eastern Bank, Metropolitan Cabinets & Countertops (Metropolitan) has joined as a new commercial banking customer. Founded in 1984, Metropolitan is a family run business that provides custom cabinetry and countertops to residential and commercial customers

JLL Capital Markets closes $35.5m sale of 35 Medford St., Somerville, MA

Somerville, MA JLL Capital Markets has closed the $35.5 million sale of 35 Medford St., a three-story office property totaling 58,156 s/f. JLL marketed the property on behalf of the seller, funds advised by Columbia Real Estate Management