R.W. Holmes: As office leasing velocity slows down, subleasing hits smaller companies in Greater Boston

Wayland, MA R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords in Massachusetts for more than 45 years, released its first quarter market report and forecasts for 2023. The report shows a growing discrepancy in the market between the continued success of industrial product and slowing office activity. 

MountainOne’s Harris is promoted to vice president, credit administration manager

Quincy, MA MountainOne Bank has appointed Marie Harris as vice president, credit administration manager. In this position, Harris oversees all aspects of the credit administration department, including commercial loan underwriting, portfolio review and monitoring, as well as

Pentore, Friedel and Klockner of Marcus & Millichap broker sale of 385 Main Street - 28-unit apartment property

Hartford, CT Marcus & Millichap has sold a 28-unit apartment property. “Multifamily product in downtown Hartford has outperformed expectations. 385 Main, a well-located asset within the Central Business District with historical significance and outstanding curb appeal, will benefit from this positive momentum,” said Eric Pentore, senior vice president investments.

Stejskal of The Peabody Companies participates in CREW panel discussion

Braintree, MA Megan Stejskal, director of compliance at The Peabody Companies, participated in a recent virtual panel discussion on Affirmative Fair Housing compliance presented by the Boston chapter of Commercial Real Estate Women (CREW). Stejskal addressed the Affordable Fair Housing Marketing Plans and Tenant Selection Plans during the March 30^th panel discussion at the CREW Housing and Community Development Committee virtual event.

The Stubblebine Company arranges $12.4m sale of 101-107 Scott Dr. to NE Wire Products

Leominster, MA David Stubblebine and James Stubblebine, principals of The Stubblebine Company/CORFAC International, coordinated the sale of 101-107 Scott Dr. between HK Shah LLC & RNP Shah LLC, the seller, and New England Wire Products, the buyer. The sale price was $12.4 million. 

Gray, Gray & Gray ranks 7th largest independent accounting firm in New England

Canton, MA Gray, Gray & Gray, LLP has been ranked as the seventh largest independent accounting firm in New England by Accounting Today, the accounting industry’s foremost publication. Gray, Gray & Gray’s annual revenue of $29.5 million represents a rate of growth of almost 10 percent over the previous year.

Alvarado of SVN | Parsons Commercial Group completes
$1.7 million office/medical building sale

Waltham, MA SVN | Parsons Commercial Group | Boston has completed the sale of an 8,500 s/f office/medical building on approximately one third of an acre at 42 Weston St. to A-Trac Computer Sales & Services for $1.7 million.  Senior advisor, Marci Alvarado of SVN | Parsons Commercial Group | Boston represented the seller, Research Realty, LLC. Jordan Berns and Tyler Capecci of 128 CRE represented the buyer, A-Trac Computer Sales & Services, in the transaction. 

BECMA awards $10,000 to KB-MAC for electric vehicle kickstarter program

Boston, MA The Black Economic Council of Massachusetts (BECMA) awarded $10,000 as a part of its electric vehicle (EV) kickstarter program to KB-MAC, a Dorchester-based electric contractor born from a partnership with the International Brotherhood of Electrical Workers (IBEW) Local 103 and National Electrical Contractors Association (NECA) to bring greater diversity, equity, and inclusion to Boston’s union construction industry.

Nohrden of Burgess Properties brokers $2.4m sale of 12,494 s/f industrial building

Malden, MA Burgess Properties, LLC has brokered the sale of 1130 Eastern Ave. for $2.4 million.  The 12,494 s/f building on 0.44 acres had been used as a recycling facility for years prior to sale. The visible property is on Rte. 60 near MBTA bus. 1130 Eastern Ave. LLC, a subsidiary of Malden-based United Properties purchased the property.

WAC exits $2.35m mezzanine debt with sale of luxury home

Greenwich, CT Worth Avenue Capital, LLC has exited $2.35 million in mezzanine debt in a transaction. WAC’s sponsor was a luxury home builder who has built numerous homes in desirable neighborhoods and has been a “blue chip” customer of WAC for the last several years as a repeat borrower.