A 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 create

JLL 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 28^th. 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. 

Be part of our 60th Anniversary edition June 30th!

We are both proud and excited to announce that on January 17th, 2023 The New England Real Estate Journal celebrated its 60th year in bus...

Marcus & Millichap co-founder Marcus recognized with Lifetime Achievement Award

Boston, MA According to Marcus & Millichap, George Marcus, co-founder and chairman of both MMI and the private company, Marcus & Millichap Co., was recognized with a Lifetime Achievement Award on May 3^rd at Hotel Indigo in Los Angeles. The recognition was presented by Connect Commercial Real Estate.

National Development begins construction of new 210,600 s/f logistics facility; Cranshaw serves as GC

West Bridgewater, MA National Development, a leading vertically integrated real estate investment and development firm, has closed on the acquisition of a 20-acre parcel located at 586 Manley St. and has commenced construction on a 210,600 s/f class A logistics facility.  The building is expected to be able to accommodate tenants for occupancy in April of 2024.

Plourde joins The Dunham Group

Portland, ME According to The Dunham Group, Bryan Plourde has joined the firm as a broker/sales agent. Having spent the last 10 years as a commercial real estate appraiser at Maine Valuation Co., Plourde brings an invaluable skill set to the firm. With a decade of experience appraising over $1 billion and 5 million s/f of commercial real estate in Maine, he has a keen insight into all sectors.

Union plumbers and contractors urge Beacon Hill lawmakers to protect state plumbing code and build partnerships on green energy transition

Boston, MA Union plumbers, contractors and industry leaders rallied at the State House to advocate for protecting the state’s plumbing codes, build partnerships on green energy transition and petition legislators on other key safety and regulatory issues impacting the industry.