Category: Owners Developers & Managers

As seen in the Q3 2022 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total New England hotel construction pipeline at the end of the third quarter stands at 110 projects/12,269 rooms.

Boston, MA According to state treasurer Deborah Goldberg, chair of the Massachusetts Clean Water Trust (Trust) board of trustees, more than $107.3 million in grants were awarded for 43 projects in 35 communities across the Commonwealth.

Everett, MA Colliers and Cushman & Wakefield jointly completed the $56 million sale of a 6.90-acre development site approved for a two-phase, 741-unit multifamily development at 1690 Revere Beach Pkwy. on behalf of The Grossman Companies, Inc.

Stamford, CT Andreas Senie, commercial broker, and founder of EAC properties, along with Emmy Sarica Senie, a retail specialist and co-founder of EAC properties, partner with Keller Williams Prestige Properties to grow the commercial real estate division at Keller Williams Commercial.

Boston, MA The New England Chapter of CoreNet Global will gather together to honor the 2022 winners of its annual Awards of Excellence, representing the best of the Boston region in corporate real estate leadership. Winners will be formally presented with their awards at the organization’s live, in-person Awards of Excellence Gala on April 27, 2023 at the Westin Boston Seaport District.

Worcester, MA NAI Glickman Kovago & Jacobs closed the $7.2 million purchase of 38 Cedar St. David Eldredge, VP of NAI Glickman Kovago & Jacobs, represented the buyer, Olivella Properties, Inc. The seller is S.J.S. Realty Corp.

Worcester, MA, Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the sale of Biotech Park Apartments, a 92-unit property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $17,250,000.

Brooklyn, CT Worth Avenue Capital, LLC closed a $300,000 commercial loan to a real estate developer. The loan proceeds will be used to complete the internal renovation of a 15-unit apartment building. The loan is secured by a blanket second mortgage on the apartment building and a commercial building in Manchester, CT

Andover, MA SVN | Parsons Commercial Group | Boston has completed a 60,000 s/f full building lease at 7 Connector Rd. for A/Z Corporation, a construction engineering company. Formerly occupied by New England Label,

Holliston, MA Colantonio Inc. continues to expand with its recent hire of assistant superintendent Justin Ryan and assistant project manager Alex Joyce. Ryan joins the firm with 14 years of commercial construction experience as an assistant superintendent and engineering

Chelsea, MA David Skinner, James Stubblebine, and David Stubblebine of The Stubblebine Company/CORFAC International represented the seller, Beacham Realty, LLC., in the sale of 410 Beacham St.

Peabody, MA Chris Everest of Nordlund Associates has completed the sale of 143 Lynnfield St. 143 Lynnfield St. (assessor’s map 101, lots 7 and 220), consists of 11.45 acres which was purchased by 143 Lynnfield Street Holdings, LLC. The property was purchased from 143 Lynnfield Street LLC.