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Featured Property of the Month: CEA Group’s new 28,120 s/f Wellesley class A medical building conversion is now 30% pre-leased

Wellesley, MA According to CEA Group, they are converting its 28,120 s/f, two-story, office building into medical office space at 981 Worcester St.  This new class A medical office building will provide a unique opportunity for hospital and medical groups to occupy prominent

Griffith and Pepdjonovic of Marcus & Millichap broker $6.92m sale

Quincy, MA Marcus & Millichap  completed the sale of 40 Butler Rd., a 34 unit brick apartment property, according to Thomas Shihadeh, regional manager of the firm

Newman Properties purchases 87-90 Winthrop Shore Dr. for $6 million - financing was provided by Hanscom Federal Credit Union

Winthrop, MA Newman Properties’ affiliate Dighton Gardens LLC has purchased a 38-unit, residential property at 87-90 Winthrop Shore Dr. This is the first residential property

O’Brien and Stepien of GBCP broker $3.1m sale

Northborough, MA Bret O’Brien and Mitchell Stepien of Greater Boston Commercial Properties, Inc. (GBCP)sold 1 East Main St. for $3.1 million

HYM Investment Group receives approvals from the Boston Planning and Development for 161-acre Suffolk Downs

Boston, MA The HYM Investment Group, the owner of the 161-acre former racetrack site at Suffolk Downs, received unanimous approval from the Boston Planning and Development

Can you use exchange funds for improvements?- by Bill Lopriore

A 1031 exchange is a great tool for exchangers who want to avoid paying tax on the gain from the sale of real estate. However, in order to completely defer the tax

Grill of Fairlane Properties handles 72,299 s/f lease to Verizon N.E.

Woburn, MA Fairlane Properties, Inc. completed the long-term lease extension to Verizon New England of 72,299 s/f at 275 Wildwood Ave. Verizon

Eklund of Commercial Realty Advisors handles sale of two condos

Sandwich, MA Jeff Eklund, realtor at Commercial Realty Advisors, completed the sale of two 15 Jan Sebastian industrial condominiums. The sale price was

Building Engines releases Prism

Boston, MA Building Engines, the leading provider of building operations software for modern commercial real estate (CRE), announced the general availability of Prism. The new platform is designed to improve net operating income (NOI) across all market sectors, from office, retail, industrial, to medical office

Gelati joins the Pearce R.E. commercial division

North Haven, CT According to Barbara Pearce, chair and CEO of Pearce Real Estate, John Gelati has joined Pearce Real Estate as a commercial broker in the company