Front Section

PEG and McNair Interests partner with Simon on Residence Inn

Peabody, MA PEG, a leading vertically integrated owner, operator and developer of multifamily, hospitality and build-to-rent assets in the U.S. and Canada, and Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, have closed on financing and commenced construction

Aho of Aho Properties and Reilly of Avison Young handle 5,931 s/f lease

Acton MA  Joel Aho, president of Aho Properties, LLC, represented Technology Point Properties in leasing 5,931 s/f of office/flex space at 40 Nagog Park to BigRep America, Inc. BigRep will be moving out of its space in Woburn and will occupy the entire first floor of 40 Nagog. Chris Reilly from Avison Young represented

Boston/Cambridge lodging market – Year-end review and 2025 outlook - by Rachel Roginsky

The Boston and Cambridge (city) lodging market, both pre- and post-COVID, remains one of the most vibrant and dynamic in the United States. As of year-end 2024, according to STR, the Boston MSA ranked 5th highest in occupancy and 3rd highest in ADR among the top 25 markets. Only two top 25 markets, New York and Oahu Island (HI)

CBRE facilitates sale of four property The Beverly Crossing portfolio

Beverly, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of The Beverly Crossing portfolio, a four-property, 394-unit apartment portfolio with 26,038 s/f of retail space. The sale price was not disclosed.

Worth Avenue Capital, LLC funds $500,000 construction loan

Montville, CT Worth Avenue Capital, LLC (WAC) has funded a $500,000 follow on construction loan to a Connecticut-based real estate developer. The borrower is one of WAC’s many multiple repeat borrowers who has partnered with WAC on numerous development projects over the last several years.

Norfolk Multifamily welcomes Chris Alexander as senior construction manager

Braintree, MA Norfolk Multifamily is pleased to announce that Chris Alexander has joined the team as Senior Construction Manager. In his new role, Alexander will lead the multifamily team to expand and enhance their turnkey installation service

Horvath & Tremblay sells Tractor Supply
in North Conway, NH for $8 million

North Conway, NH Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have completed the sale of Tractor Supply Company. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $8 million.

Marcus & Millichap closes $10.75 million sale of multifamily property

Winthrop, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Shore Drive Apartments, a 71-unit multifamily property, for $10.75 million.

The Procopio Companies begins
preleasing at 290-unit The Beck

Haverhill, MA The Procopio Companies (Procopio), has launched preleasing for The Beck, a premier mixed-use multifamily development. The 290-unit community is set to welcome its first residents in March. Located adjacent to the Bradford MBTA commuter rail station, The Beck offers a selection

Nahigian of Auburndale Realty speaks at the South Shore Association of Realtors CRE event

Pembroke, MA Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty was the key speaker at the South Shore Association of Realtors annual Commercial Real Estate Connections Conference on December 10. The full day event was held at the South Shore