Beverly, MA Stephen Girolamo of Horvath & Tremblay has completed the sale of a 24-unit apartment complex. Girolamo facilitated the transaction at a sale price of $6.5 million and $270,833 per unit. 614 Cabot St., constructed in 1968, is a brick apartment complex
Newington, NH Cushman & Wakefield has arranged a 50,000 s/f long-term lease at 90 Arboretum Dr., New England’s first mass timber commercial office building. The Cushman & Wakefield team of Denis Dancoes, Thomas Farrelly, and Sue Ann Johnson
Hingham, MA A.W. Perry is mourning the loss of their friend and president, Richard Beal. Rich passed away suddenly on Monday, September 21, and they are heartbroken by the untimely passing of their beloved colleague. Rich was first and foremost a dedicated father and husband, and he was also an exceptional leader to the A.W. Perry team and in the Greater Boston real estate and business community
Watertown, MA Newmark Knight Frank (NKF) has completed two lease extensions totaling 46,966 s/f at Riverworks at Aetna Mills, located at 480 Pleasant St. Former subtenants, Markforged–an industry leading industrial 3D printer manufacturing company–and InCrowd–a
Not that your company is as big as Netflix (yet!), but a story last year in the
Boston Globe caught my attention: Netflix has 137 million subscribers around the world, but it had to raise monthly subscription rates by one dollar (That’s monthly added revenue of $137 million!) in order to compete with the other networks producing quality new content – such as Disney, FX and Amazon.
My last article for NEREJ in late February labeled corona virus as a “real concern” for New England hotels. Well, the past six months have felt like six years and, referencing my esteemed colleague Jim O’Connell’s analogy in his August article, the PAIN continues! The virus shut down travel and business activity in March and the hotel business has been one of the hardest hit economic sectors with travel grinding to a halt and millions of jobs lost.
Boston, MA Citizens M&A Advisory served as the exclusive financial advisor to BV Investment Partners, a private equity firm focused on information and business services and communications industries, on its simultaneous acquisition of two ServiceNow consulting partners – GlideFast Consulting, a locally-based commercial partner, and Pharicode, a Huntsville-based government partner.
Burlington, MA Azzur Group, a leading solution provider dedicated to helping life science innovators start, scale and sustain their GxP organizations, entered a 12-year lease with Nordblom Company at 60 Blanchard Rd., and is poised to occupy the entire 50,300 s/f space by summer 2021. The building includes 650 ft. of Rte. 128 frontage, making it both highly visible and easily accessible.
Framingham, MA Metrowest Commercial Real Estate brokers Marlene Aron and Cheryl Tully Stoll have completed several transactions. These include the sale of a 840 kW solar farm on 3.21 industrial zoned acres for $1.95 million. The property is located on Rte. 135 at 721 Waverly St. Aron, the lead broker for the transaction, will represent the new owners who will operate the solar farm and build a 100,000 s/f industrial building on the site.
Milford, CT According to Barbara Pearce, chair and CEO of Pearce Real Estate, Kimra Pierre has joined the local office as a residential sales associate. “We are excited to welcome Kimra into our Pearce Real Estate family and look forward to her having a very successful career with us,” said Pearce. “Kimra’s desire to expand into Connecticut shows she understands the dynamics of the current market and is now well-positioned to assist her New York Metro clients transition into residence in Connecticut.”
