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Columbia Property Trust to acquire Normandy Real Estate Management

Boston, MA Columbia Property Trust, Inc. has signed a definitive agreement to acquire Normandy Real Estate Management, LLC, a leading developer, operator and investment manager of office and mixed-use assets

Pushing back on proposed ACA penalties - Part 2 - by Michael Duffy

Although this limitation puts the possibility of an assessment out of the hands of an employer, the Obamacare subsidy requirement is an important limitation on the IRS’s power to impose the ESRP penalties. All 226-J Letters will contain a breakdown of the individual employees that received Obamacare

Gaining value from the sun: Appraisers and solar - by Elizabeth Youngblood

There has been an exponential increase in the installation of solar photovoltaic (PV) systems across the U.S. over the past decade, and Massachusetts is no exception. In 2006, there were several hundred solar systems installed, while today there are almost 100,000 systems

Capstone Apartment Partners arranges $28.8 million sale of SkyMark Tower

Worcester, MA Capstone Apartment Partners arranged the $28.8 million sale of SkyMark Tower, a 206-unit apartment building. Built in 1991, the 24-story tower consists of one and two-bedroom apartments, and was 98% leased at the time of sale. 

Skanska signs Shell TechWorks to 43,821 s/f at Two Drydock - a 13-story, 230,000 s/f, class A office building in Seaport

Boston, MA Skanska has signed a 43,821 s/f lease with Shell TechWorks, at Two Drydock, the firm’s sixth commercial development in the city. Shell TechWorks is an entrepreneurial research and development branch within Shell that was

Everett Place LLC sells 287,856 s/f asset for $34 million to to a joint venture between Berkeley Partners and Seyon Group

Chelsea, MA Cushman & Wakefield (C&W) worked as exclusive advisor to Everett Place LLC, to complete the $34 million sale of 22 Willow St., to a joint venture between Berkeley Partners and the Seyon Group. C&W arranged the joint venture

Brooks Properties signs a 33,000 s/f lease with Pegasystems Inc. in Salem, NH

Salem, NH Brooks Properties signed a lease with Pegasystems Inc. (Pega), the software company empowering digital transformation at some of the world’s leading enterprises, to occupy 33,000 s/f at 1 Northeastern Blvd.

Project of the Month: Pugliese Contracting completes 25,000 s/f manufacturing facility in Billerica for Markforged

Billerica, MA Markforged, has completed the construction of their new 25,000 s/f manufacturing facility located at 4 Suburban Park Dr. The deal was brokered by Christopher Lawrence of JLL.

The unintended consequences of accommodating the commercial holdover tenant - by Noble Allen

It is almost never a good idea for a landlord to treat a commercial holdover tenancy with anything less than the urgency it deserves. While there may be certain nuances that might exist from jurisdiction to jurisdiction, this need for exigency is uniform in all jurisdictions.

New England cities rein in short-term rentals - by Ken MacKenzie and Chris Vaccaro

With beautiful mountains and coastlines, and world-class museums, universities, and hospitals, New England is perfectly suited for short-term rental programs such as those operated through Airbnb and similar web-based booking agents.