Category: Owners Developers & Managers

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.

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.

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 28th. 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. 

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 3rd at Hotel Indigo in Los Angeles. The recognition was presented by Connect Commercial Real Estate.

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.

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.

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.

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. 

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

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.

Boston, MA Noannet Group, Saunders Hotel Group and Cain International, the developers of the new addition to city living, Raffles Boston Back Bay Residences, commence sales for 38 Pied-à-Terre homes. Pied-à-Terre homes allow owners the flexibility to rent their home short term when they are away, either directly or through an agent.