Front Section

Morris joins sales team at the Geenty Group

Branford, CT The Geenty Group, Realtors has hired Cheryl Morris as the newest member of its sales force. Morris has been a licensed real estate agent for 20 years with a track record of buying and selling residential properties to and for private investors.

Primer on classifying workers as independent contractors - Scott Regan

Every employer should be mindful of the Massachusetts independent contractor statute. The independent contractor statute establishes the framework for determining whether a worker is an employee or an independent contractor as a matter of law.

Unpacking the impact of e-commerce on multifamily - by Rick Haughey

Online shopping numbers continue to surge each year, and they are never higher than during the holiday shopping season. In fact, Cyber Monday sales this year skyrocketed to a record $7.9 billion, a 19.3% increase, according to data from Adobe Analytics, and Amazon reported it was their biggest shopping day ever. 

O’Brien of Greater Boston Commercial Properties handles 11,000 s/f building lease

Framingham, MA Bret O’Brien of Greater Boston Commercial Properties completed a full building lease of 11,000 s/f at 518 Union St. The tenant, RCN is a telecommunications company that serves in Mass., Penn., Ill., Washington, D. C. and New York.

PROCON and DSK Architects complete 16,000 s/f Arcidi Center at Merrimack College

North Andover, MA In September, Merrimack College opened the Dr. Alfred L. Arcidi Center - the latest addition to its growing campus. PROCON was the architect of record for the project in collaboration with DSK Architecture, who is actively engaged in the master planning of the campus. 

Suffolk breaks ground on $134 million complex at UMass Dartmouth - designed by DiMella Shaffer; project financed by UMass Building Authority

Dartmouth, MA UMass Dartmouth broke ground on a $134 million housing and dining complex designed to transform the student living and learning experience on campus. The project will create 150 construction jobs. The facilities will open when students arrive for classes in fall 2020.

Cornerstone Realty Capital arranges $6.7 million financing for Merrimack Heights - delivers fully amortizing fixed rate financing structure

Hooksett, NH Cornerstone Realty Capital arranged $6.7 million in financing for Merrimack Heights. The property consists of two connected apartment buildings home to 70 apartments. The unit mix is comprised of a mix of two studios, 14 one-bedroom, and 54 two-bedroom units.

Sidor of Cushman & Wakefield earns BOMA Boston Industry Award

Boston, MA Cushman & Wakefield’s New England managing principal, Carolyn Sidor, has been named BOMA Boston’s 2018 Industry Leader of the Year. Sidor was honored at BOMA’s Outstanding Building of the Year (TOBY) & Industry Awards event.  

A failed 1031 Exchange may have tax benefits - by Bill Lopriore

An IRC section 1031 like-kind exchange started near the end of a tax year (December 31 for many) will often not be completed until the following tax year. The regulations address how to handle incomplete exchanges and cash “boot” received by the taxpayer in the following year. 

MassHousing places $23.6 million in affordable housing financing to Princeton Properties and Parse Capital

Chelmsford, MA MassHousing has closed on $23.6 million in affordable housing financing to Princeton Properties and Parse Capital. The MassHousing permanent financing supports affordability at the Mill and 3 Apartments, a 108-unit, mixed-income apartment community.