Category: Owners Developers & Managers

North Haven, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., represented the seller, 424 Chapel Street, LLC, in the sale of 50 & 60 Devine St.; two parcels consisting of a 42,500 s/f light industrial building on six acres and an additional 9.4 acres of raw land for $5.1 million.

Easton, MA North Easton Savings Bank has been named the #1 Top Workplace USA 2023 in the 150-499 employee category. Considered one of the nation’s most credible, authentic recognition program, the annual study was developed by the research company Energage.

Lenox, MA Linda Law of Law & Associates, a real estate developer and investor who formerly owned the gilded-age Blantyre Estate in Lenox, has purchased the Vanderbilt Berkshires Estate (VBE), formerly Elm Court, the largest shingled residence in the United States and one of the few remaining historically significant gilded-age mansions in the Northeast.

Worcester, MA NAI Glickman Kovago & Jacobs added two new hires to its company. Maria Adamo joins the firm as a marketing director, and Carol Griffin joins as a senior property manager.  As marketing director, Adamo will spearhead in-house marketing initiatives which entails development and execution of cross-functional strategies to promote and maintain the company brand and messaging.

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.

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.

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.

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.

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.

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. 

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. 

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