Kastle Systems tracks key card swipes at office buildings and claims that occupancy is leveling off at 43%. With a statistic like that, it’s understandable to jump to the conclusion that the office building sector is doomed. Fortunately, this statistic is grossly misleading, pre-COVID, occupancy never exceeded 80%. Sick days, business travel and remote work take people out of the office.
Boston, MA Ironworkers Local 7, one of Boston’s largest unions, joined with several city councilors and community organizations to donate much-needed school supplies to local students, teachers and families as part of an annual campaign
Worcester, MA Synergy Investments has acquired Chestnut Place, a 273,304 s/f two-building office complex located in the central business district, for $10.5 million. The transaction includes two buildings – One Chestnut Place and Two Chestnut Place – that are over 80% leased, a 211-car garage
Littleton, MA Micah and David Stubblebine, principals of The Stubblebine Company/CORFAC International, represented the sellers, M.I.R. Associates Realty Trust and 450 King Street LLC, in the sale of 410 Great Rd. and 450 King St.
Lynn, MA Todd Tremblay and Bob Horvath of Horvath & Tremblay have completed the sale of a CVS pharmacy. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4.65 million.
Woburn, MA Wronka, Ltd. Commercial Real Estate Advisors represented the buyer, Emeth Chapel Christian Church
Southbridge, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. has brokered the sale of 176 Main St., a 25,789 s/f investment property.
Natick, MA Wentworth Institute of Technology has selected Catherine Roden as the 2023 winner of the Dacon Founders Scholarship. Established in the memory of four founding individuals – Dick Kuchinsky, Dennis Leahy, Ron Gagnon and Patricia Canelli – the scholarship
Boston, MA Commercial real estate firm Cresa released its annual Market Insight Reports. As the leading provider of tenant-focused real estate services, Cresa provides a unique, unbiased perspective on the state of the market, notable trends, and considerations
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