Category: Owners Developers & Managers

Cambridge, MA According to East Cambridge Savings Bank, their CEO, Gilda Nogueira, received the Massachusetts Bankers Association (MBA) Lifetime Achievement Award. The award was presented at the association’s annual Women and Allies in Banking Conference.

Franklin, MA R.W. Holmes has negotiated a new 9,600 s/f industrial lease, and a renewal of 24,000 s/f, totaling 33,800 s/f at 40 Kenwood Circle. IEH Auto Parts LLC, an automotive parts and products distribution company, signed a new lease of 9,600 s/f at 40 Kenwood Circle. R.W. Holmes executive vice president John Eysenbach and associate Mike Fahy represented the landlord, LMF Franklin Corp.

Plymouth, MA The A.D. Makepeace Company (ADM) is partnering with the Marion Institute to develop a Farm to Food Relief program to grow food for those in need. Known as The Neighborhood Farm at Frogfoot, the six-acre farm will be located on ADM property in a remote area on the Plymouth-Wareham town line.

Bridgeport, CT Soda Stop Plus Thrift and Bottle Return purchased a 68,750 s/f industrial warehouse on 3.7 acres at 1100 Boston Ave. where it will relocate its business. The sale price was not disclosed. The Bottle Return Center owned by Fred Miers has been in business for 30 years and will be relocating to its new facility later this year.

Holyoke, MA JM Electrical has held a groundbreaking of Level 3 Electric Vehicle (EV) charging stations at Marcotte Ford. JM Electrical is one of greater Boston’s largest providers of specialized electrical construction work with service offerings for the latest renewable energy technologies.

Everett, MA North Shore Realty Advisors, Inc. has completed the sale of 765 Bdwy. Dan and Sara Pouladian as exclusive agents to United Properties procured the buyer through their private network with over 50 tours and multiple offers.  

Worcester, MA According to NAI Glickman Kovago & Jacobs, Jonah Glickman joined the team as a vice president with the firm. He will join the firm as a sales professional, involved in facilitating commercial real estate transactions.  Glickman brings four-years of banking experience, most recently as a commercial credit analyst at Cornerstone Bank where he analyzed new and existing commercial lending relationships

You are going to start seeing downward adjustments in appraisal reports for changing market conditions. Although the issues within the commercial real estate, CRE market are well known, it may be a jarring experience to see the adjustment applied to your property. 

Investors wanting to know how does a Delaware Statutory Trust work could benefit from a DST 1031 guide that clearly explains Delaware Statutory Trust properties for a 1031 exchange and provides valuable information on topics like: 

Boston, MA Groom Construction Co., Inc. has awarded three scholarships to local high school students pursuing careers in construction and construction related fields.  Groom Construction awarded their annual Diversity, Equity & Inclusion Scholarship to Sharonjit Kaur and the Construction Management Scholarship to Nathan Braz and Harrison Curtis. 

Quincy, MA Jay Calnan, CEO of J. Calnan & Associates (JC&A), has been named the EY Entrepreneur of the Year for 2023. The independent panel of judges recognized Calnan's exceptional entrepreneurial spirit, long-term value creation, purpose-driven approach, remarkable growth, and significant impact in his field

Boston, MA According to MP Boston, the local arm of the international developer Millennium Partners, one of the largest professional services organizations, Deloitte, has signed a lease for 138,000 s/f of office space at Winthrop Center, a 691-foot mixed-use tower that has an ultra-energy efficient Passive House office component.