As I review my 1099 before filing my 2023 tax returns, all I can say is “I’m glad THAT’s over!” The hotel transaction markets for those 12 months and the first half of 2024 were the worst in memory. The good news is that after 18 months of bouncing along the bottom like a lead weight on a Cod Jig, we are experiencing an upsurge in activity and have started to reel in some deals.
Lynn, MA MassDevelopment has issued a $7.52 million tax-exempt bond on behalf of Catalyst Housing LLC, an affiliate of Harborlight Homes and The Haven Project. The organizations will use bond proceeds to buy the upper floors of 57-65 Munroe St. – a 12,983 s/f condo within a historic commercial building – and renovate them to create 24 affordable, service-enriched studio apartments
Canton, MA Gray Strategic Partners, LLC, an investment banking firm, has hired Erik Jensen as a managing director. Jensen will work with both public and private companies at all stages of development, on both the buy-side and sell-side of transactions.
Worcester, MA Shawmut Design and Construction, a $1.6 billion national construction management firm, celebrated the ceremonial opening of its new Worcester office, an expansion of its commitment to the future of construction
East Bridgewater, MA Sullivan & Sullivan Auctioneers announced today that the firm will bring 31.8 acres of town land along Central St. to auction on behalf of the town. This public auction will consist of four separate offerings. The first is 31.8 acres industrial zone w/overlay 55+ district.
East Lyme, CT Matt Nadler and Tom Connor of Horvath & Tremblay completed the sale of Midway Plaza. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6.25 million.
Malden, MA Woburn-based battery maker Alsym Energy has signed a 60,000 s/f lease with real estate developer Berkeley Investments (Berkeley) and its partner, Singerman Real Estate (Singerman), to expand its operations to Exchange 200.
Medford, MA Burgess Properties, LLC, one of Greater Boston’s premier suburban commercial brokerage firms, has brokered the sale of 161-163 Mystic Ave. for $2.4 million.
Wakefield, MA The junior carpentry class at Northeast Metro Tech won an Apex Award for best PR Campaigns, Programs and Plans for Build-a-Bureau. Build-a-Bureau is a pilot program funded by Camber Development and Dacon’s Designed with Dignity philanthropy in which 32 students are constructing three-drawer bureaus
Easton, MA North Easton Savings Bank was named recipient of a Corporate Citizenship Award from the
Boston Business Journal as one of Massachusetts’ top corporate charitable contributors for a second consecutive year.
