Front Section
Hotel owners “They get no respect” - by James O'Connell
As the late great Rodney Dangerfield would say… “I don’t get no respect”! Over the past three years, hotel owners have worked through shutdowns, only to experience a massive resurgence in the leisure sector. But they were forced to meet that new prosperity with one hand tied around their back, not being able to find enough labor to support the burgeoning business.
The Boulos Group arranges four transactions
totaling 38,483 s/f - including 19,984 s/f office lease to Q, Inc.
Dover, NH Q, Inc. leased 19,984 s/f of office space from Double Diamond Holdings South, LLC. Q, Inc. is a firearms manufacturer with a production plant located at Enterprise Dr. The tenant will be using their newly leased space at 271 Locust St. primarily for office.
Glennon of Atlantic Commercial RE completes 1,300 s/f office lease
Norwood, MA Atlantic Commercial Real Estate, LLC completed a 1,300 s/f lease transaction of office space, unit A2, located at 89 Access Rd., to School Search, Inc.
Spillane and Comlin join The Marr Companies
Boston, MA James Spillane has rejoined The Marr Companies as project manager for two primary lines of access equipment: Mast Climbing Work Platforms and Construction Elevators. Customer demand for mast climbing work platforms and construction elevators has increasedA New Era for Mental Health in the Workplace - by Les Hiscoe
We are in a new, much-needed era for prioritizing mental health at work. Businesses only perform as well as their employees, and nearly one-fifth of U.S. workers rate their mental health as fair or poor. Leaders across industries must be in lockstep with this paradigm shift to createJLL handles $29.15m sale and $18.288m financing for Chases Ocean Grove on Cape Cod
Dennisport, MA JLL Capital Markets has closed the $29.15 million sale of and arranged the $18.288 million in first mortgage acquisition financing for Chases Ocean Grove, a 19.2-acre piece of land that is encumbered by 277 individual ground leases improved with seasonal cottages located within Cape Cod.
Bulfinch completes multiple new leases at 117 Kendrick St.
Needham, MA An affiliate of The Bulfinch Companies, Inc. (Bulfinch) has completed multiple new leases at 117 Kendrick St. along with tenants executing expansions and extensions at the property. The property has seen an increase in activity after repositioning the asset from office to life science. Recent leasing brings the building to 92% leased.
Griffith Pepdjonovic Group of Marcus & Millichap arranges $2.3m sale
Foxborough, MA Marcus & Millichap has completed the sale of the Kingswood Apartments, a 15-unit multifamily offering, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $2.3 million. Senior vice presidents, Evan Griffith and Tony Pepdjonovic, along with associate, Jeremy Buckley, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Project of the Month: Acella Construction Corporation completes $2.2 million Big Blue Swim School project at the Loop in Methuen
Methuen, MA Acella Construction Corporation, a leader in construction management throughout greater Boston, recently completed work on Big Blue Swim School at 90 Pleasant Valley St., the first of the nation-wide swim school’s franchises in Mass. A ribbon-cutting was held to officially open the facility on April 28th. The $2.2-million-project involved the complete tear down of a Stop & Shop grocery store that formerly occupied the 10,000 s/f retail space.
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