NEPCG facilitates sale of 17,706 s/f multifamily property for $2.1m

Lawrence, MA Northeast Private Client Group (NEPCG) has sold South Broadway Apartments. Senior associate Brad Carlson represented the seller and procured the buyers for the multifamily $2.1 million transaction.

Northeast Men’s Health expands to fourth location at 444 Washington St. in Cummings Props. medical cluster

Woburn, MA Northeast Men’s Health has expanded its footprint with a custom-built facility at 444 Washington St. The 3,000 s/f office, its fourth location, is situated in  Cummings Properties’ medical cluster. Northeast Men’s Health provides personalized care to enhance men’s sexual health.

A.W. Perry names Flaherty president

Boston, MA A.W. Perry, Inc. has promoted Mark Flaherty to president. For nearly 140 years, A.W. Perry, has contributed to the  the city of Boston and the South Shore through its real estate holdings and community investments.

Levell joins TFMoran as civil project engineer

Bedford, NH Margaret Levell, EIT has joined TFMoran, Inc. as a civil project engineer. Levell joins TFMoran after graduating with her Bachelor of Science in Agricultural Engineering and Environmental and Natural Resources from Purdue University.

Boston & Cambridge lodging exceeds expectations - by Rachel Roginsky

Despite a slow start in the first quarter 2022, the Boston & Cambridge lodging market ramped up quickly, and by year end, the Revenues Per Available Room (RevPAR) reached a 90% index compared to its 2019 (pre-COVID) top line performance. Like many urban gateway cities, the city struggled in its recovery from the negative effects of the pandemic in 2021, as compared to other cities located in warmer climates, which showed strong recoveries one year following the outbreak of COVID in March of 2020.

Kornreich of Angel Commercial brokers $1.9m sale of 18,000 s/f to Turkey Point Properties

Trumbull, CT Angel Commercial, LLC assisted Turkey Point Properties, LLC in the purchase of an 18,000 s/f office building on 1.03 acres at 4154 Madison Ave. for $1.938 million. Eva Kornreich, vice president with Angel Commercial, LLC, represented the seller in this transaction, and Keller Williams Realty represented the buyer. 

Redgate expands team with three new hires

Boston, MA Redgate, real estate advisory and investment firm, has expanded its senior leadership team with the hiring of Laura Gregoriadis, who will serve as the company’s first CFO, Sharon Lavery, Redgate’s first senior director of human resources and culture, and Brian Mueller, who joins the company as vice president of asset management. The expansion of Redgate’s senior leadership team demonstrates Redgate’s growth vision as the company continues to expand throughout New England, the Mid-Atlantic and Raleigh-Durham markets. 

Wise Construction Announces Two New Project Executives

Winchester, MA Wise Construction has promoted Alyson Winters Kavanagh and recently hired Neil Slyva to round out their project executive bench. Both Winters Kavanagh and Slyva bring  building expertise which will

Bongiorni of SR Commercial Realty brokers 7,836 s/f lease to Cataldo Ambulance Service

Springfield, MA Paul Bongiorni of SR Commercial Realty has brokered the lease of 7,836 s/f to Cataldo Ambulance Service in downtown.  The property, located at 58-64 Winthrop St., formerly Dale Auto Body, will become Cataldo’s area hub. 

Question of the month: How do you maneuver uncertainty in today’s economy? - by Alan Doyle

The Federal Reserve’s attempts to control a 9.0% annual inflation rate in March of 2022 led to seven successive rate increases by year-end. While effective, the Fed’s rate increases could prove to be more of a sledgehammer than a scalpel in cooling off the economy and combating inflation.