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Greystar appoints Kerr as new managing director of development for New England

Boston, MA According to Greystar, Gary Kerr has been hired as managing director of development. In this role, Kerr will be responsible for managing new development projects in New England and expanding the development pipeline for Greystarin Mass., N.Y., Conn., R.I., Maine, N.H. and Vermont.

Wettenstein of Vidal/Wettenstein leases 5,745 s/f to American Advanced Automation Co.

Stratford, CT According to Bruce Wettenstein, SIOR, partner with Vidal/Wettenstein, American Advanced Automation Co. will be relocating to 190 Charles St. The 5,745 s/f lease was culminated to accommodate American Advanced Automations

Affordable housing challenges - by Jonathan Avery

There can be little doubt that a major headwind to our current strong economy is the lack of a sustaining supply of housing which is affordable to our current and future workforce. Much has been written and debated about how to meet this challenge. 

HFF closes sale and financing of Williams St. portfolio

Roxbury, MA Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale and financing of The Williams Street portfolio, a renovated, three-building brownstone portfolio.

Integrated Builders selected to build 120,000 s/f self-storage facility on behalf of owner, Jumbo Self Storage, LLC

Stoneham, MA Integrated Builders has been selected as the construction manager for a 120,000 s/f self-storage facility. The work will be performed on behalf of owner, Jumbo Self Storage, LLC.

Northland Residential Corp. receives town approval for Wolcott Woods

Milton, MA Northland Residential Corp. has received approvals to develop Wolcott Woods, an age-restricted townhome community on 47-acres off of Canton Ave. The necessary entitlements were granted in accordance

Marcus & Millichap completes $2.85m sale of 217-221 Essex St.

Salem, MA Marcus & Millichap completed the sale of 217-221 Essex St., a 32,100 s/f mixed-use building. The asset sold for $2.85 million.

Vinci of Pearce Real Estate closes $362,000 sale

Farmington, CT According to Barbara Pearce, CEO and chair of Pearce Real Estate, Virginia Vinci of the Rocky Hill Pearce office was the sole broker involved in sale of 1814 New Britain Ave.

Wamester joins Anchor Line Partners as executive director of development

Boston, MA Anchor Line Partners, LLC, a Boston-based investment & development firm, has hired David Wamester as the executive director of development.

O’Brien Commercial Properties handles $2.09m sale and two leases

Leominster, MA O’Brien Commercial Properties, Inc. has completed multiple deals including the following: 15 Monument Square, LLC has purchased an office building totaling 26, 411 s/f on 1.39 acres. The building, located at 15-27 Monument Sq., sold for $2.09 million.