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IBEW Local 103 ramps up toy drive efforts for local families amidst COVID-19 Pandemic

Boston, MA The International Brotherhood of Electrical Workers (IBEW) Local 103 donated hundreds of new toys to the 7th Annual Friends of Mayor Martin J. Walsh Holiday Toy Drive,

Bulfinch and partners complete recapitalization of Cambridge Discovery Park

Cambridge, MA The Bulfinch Companies, Inc., a Boston-based private, real estate investment, development and management firm, has completed the sale and recapitalization of Cambridge Discovery Park (CDP) to Healthpeak Properties, Inc., a fully integrated healthcare focused real estate investment trust.

Boyle and Pappas of Chozick broker $9.25m in sales

Agawam, MA Tom Boyle and Steve Pappas of the Hartford offices of investment broker Chozick Realty Inc., have facilitated the $9.25 million sale of the Elizabeth Manor and Imperial Apartments, located in Agawam and West Springfield, Mass., respectively. 

JLL Capital Markets arranges a $68 million construction loan for Canfield Park at Fairfield Metro - a 300-unit multi-housing property

Bridgeport, CT JLL Capital Markets has arranged a $68 million construction loan for Canfield Park at Fairfield Metro, a 300-unit luxury multi-housing property in the Black Rock neighborhood of the city.  JLL worked on behalf of the borrowers, a joint partnership between Spinnaker Real Estate Partners, LLC and Eastpointe, LLC, to secure the loan through Sculptor Real Estate.

Kelleher & Sadowsky Associates, Inc. brokers 25,000 s/f lease to Seven Hills Foundation

Worcester, MA Kelleher & Sadowsky Associates, Inc. completed the signing of a multi-year lease at 135 Gold Star Blvd. by Seven Hills Foundation (Seven Hills). Kelleher & Sadowsky’s John McKinley and Paul Matt represented the lessee, Seven Hills. William Kelleher IV and Brian Johnson represented K & L Realty, the lessor.  

Faneuil Hall Marketplace: Time to get creative again - by Carol Todreas

It's time to get creative, especially about Faneuil Hall Marketplace. Too long sitting drearily in the middle of Boston, it is especially ripe for when the city becomes whole again, after the pandemic recedes.  Just to boost your memory: Faneuil Hall Marketplace consists of three granite market buildings constructed in the 1820s

The Stubblebine Co. handles 98,782 s/f lease to Polar Beverages

>Worcester, MA David and James Stubblebine, principals of The Stubblebine Company, and David Skinner, senior advisor, represented Millbrook Property Owner, LLC in the 98,782 s/f lease at 53 Millbrook St. They also directly procured the tenant, Polar Beverages. 

The Conrad Group brokers $2.15m sale

Stoughton, MA The Conrad Group consummated the sale of 1644 Turnpike St. for 1644 Turnpike Street, LLC.  The three-story, 17,627 s/f office building is strategically located ¼ of a mile from Rte. 24, at the intersection of Rte. 24 and Turnpike St. It has excellent visibility and offers excellent office space.

Girolamo of Horvath & Tremblay sells two apt. buildings for $2.597m

Beverly, MA Stephen Girolamo of Horvath & Tremblay has arranged the sales of two apartment buildings consisting of 12 units for $2.597 million. 42 Beckford St. sold for $1.29 million ($215,000 per unit) and 26-28 Railroad Ave. sold for $1.307 million  ($217,833 per unit). 

Private lending continues to capture a larger share of market

Guilford, CT According to the Financial Times, the capital markets are awash in money looking for access to private lending. Michael Mackenzie and Eric Platt reported in October 2020 that there are 520 asset managers, including blue-bloods like Goldman Sachs