Category: Owners Developers & Managers

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.

Plymouth, MA North Easton Savings Bank has hired Carol McGilvray as business development officer for the Plymouth area. McGilvray has served 18 years with Plymouth Area Community Television. Her experience engaging with the local area will aid in the bank’s current expansion throughout the South Shore.

Peabody, MA R.W. Holmes has negotiated a lease for 17,801 s/f of office space at 9 Centennial Dr. David Gilkie, senior vice president at R.W. Holmes, represented the property owner, B&H Peabody Property, LLC, and procured Regus-IWG as a tenant. Located in Centennial Park, 9 Centennial Dr. is 74,801 s/f of office, lab, and R&D space.

Boston, MA The Bulfinch Companies, Inc. has begun a new partnership with the Boston Women’s Workforce Council (BWWC), committing to eliminating the gender/racial wage gaps.  Bulfinch has signed BWWC’s 100% Talent Compact, a pledge to help remove visible and invisible barriers to women’s advancement.  

The manufacturing industry plays an essential role in Massachusetts’ economy but faces several issues that prevent uninhibited growth. The pandemic led many manufacturing employees to pursue alternate paths. Some found virtual positions, others sought new careers, and many left the workforce completely to care for children whose daycares had closed due to pandemic restrictions, all of which left notable gaps on the production floor.

Branford, CT HealthTech Park, a 120-acre parcel along I-95, is underway to be an upcoming innovative healthcare hub. The medical and life sciences development is expected to deliver a diverse environment that will cater to the region’s fastest growing life science communities. Ryan Companies US, Inc. and Henrich Partners LLC are codeveloping the project with landowners Belfonti Companies LLC and A. Secondino & Son Inc. community partnerships.

Cambridge, MA The city of Cambridge and BlocPower have formed a new pilot partnership to help multifamily buildings upgrade with energy efficiency, rooftop solar, and more comfortable, all-electric heating, cooling, and hot water systems. Supporting buildings in completing such upgrades is an important step in achieving the goals of Cambridge’s Net Zero Action Plan, including the city’s commitment to carbon neutrality by 2050.

Boston, MA Mayor Michelle Wu, lieutenant governor Kim Driscoll, Preservation of Affordable Housing (POAH), Nuestra Comunidad Development Corp., MassHousing, residents and funders celebrated the grand opening of The Loop at Mattapan Station. The Loop is a new transit-oriented, 135-unit affordable mixed-use housing community in Mattapan Sq.

Boston, MA The Parker, a new luxury condo on the edge of Boston Common, sold a penthouse for $5.368 million. This home is one of the priciest sales in the Midtown neighborhood so far this year and was sold by Douglas Elliman’s George and Manny Sarkis.  This sale comes as the high end of the city’s luxury real estate market continues to skyrocket.

Quincy, MA City Realty Group (CRG) hosted a ribbon-cutting and led tours of its renovated commercial building at 1515 Hancock St., in Quincy Center. CRG acquired the 132,000 s/f, class A office building in 2021. Since then, CRG has performed renovations and improvements, including a revitalized lobby with stadium seating and spacious common areas for tenants and visitors. The ribbon-cutting ceremony was attended by mayor Thomas Koch, Quincy Chamber of Commerce president and executive director Tim Cahill, and several building tenants.

Newton, MA According to Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities, Rosario Montero has joined the company as asset manager. Her responsibilities in this newly-created position include protecting and enhancing the value and cash flow of the properties, monitoring the physical condition of the organization’s portfolio, reviewing and analyzing monthly reports and financial statements, ensuring that lenders and investors receive reports in a timely manner

Commercial building owners have several approaches available to maintain their HVAC equipment, which is critical to ensuring the safety, comfort, and health of building occupants. These approaches include reactive maintenance, preventive maintenance, predictive maintenance, and condition-based maintenance.