Category: Owners Developers & Managers
MassDevelopment provides $2.55 million loan for New Gorham LLC
August 19, 2022
Lowell, MA MassDevelopment has provided a $2,550,000 loan for New Gorham LLC, owned by developer Leo Monteiro, to buy and renovate a vacant historic building at 80 Gorham St. in downtown into two units of ground-floor retail space with 12 market-rate apartments
Lerner and Brownell of Vanguard-Fine, LLC complete two new lease deals in Pittsfield, MA
August 19, 2022
Pittsfield, MA Steven Lerner and Kenneth Brownell of Vanguard-Fine, LLC recently completed two deals in town. Lerner and Brownell worked with Ted Speros of ATS Realty Corp. in brokering the five year lease
Hotel Investors have gone “Pencils Down” - by James O'Connell
August 19, 2022
Is that the sound of air flowing from a balloon? Could it be someone snoring? Maybe it’s just a big sigh of relief from analysts after they learn their underwriting workload has been cut. Hotel investors have decided to step back and wait for the dust, kicked up by the financial markets, to settle before they get back in.
O’Brien of Greater Boston Commercial Properties, Inc. handles sale and lease
August 19, 2022
Leominster, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. represented the buyer of 45 Francis St. The 20,000 s/f manufacturing building was purchased as a long-term investment by Francis MacLean Realty Trust.
100 Massachusetts residents graduate from Pipefitters Local 537’s five-year training program amids...
August 19, 2022
Dorchester, MA As the building boom continues in New England, nearly 100 apprentices of Pipefitters Local 537 graduated from an intensive five-year training program. Among the newly declared journeypersons is Pipefitters class president Bryan Longmoore, refrigeration class president Steven Bisson, and a building pathways alumnus Matthew Joseph.
IBEW Local 103 hosts vice president Harris and supports access to reproductive care
August 19, 2022
Boston, MA IBEW Local 103 hosted vice president Kamala Harris’ roundtable discussion with elected leaders, and healthcare advocates from across Massachusetts regarding protecting access to reproductive care and abortion care in the aftermath of the Supreme Court’s Dobbs decision. Following the event, business manager/financial secretary Lou Antonellis
Wise Construction hire Guertin as director of Engineering
August 19, 2022
Winchester, MA Wise Construction, a construction management firm based in Boston, has hired Scott Guertin, P.E. as director of Engineering. Bringing a background of 25+ years in mechanical engineering, Guertin will support
Dacon completes 95,000 s/f warehouse/distribution center for Crate&Barrel and Sterling Movers in N.H...
August 12, 2022
Hudson, NH Dacon has completed a 95,000 s/f expansion of 36 Executive Dr. in response to market demand for warehouse and distribution space along the Massachusetts/New Hampshire border. The property is located near Rtes. 3 and 495 in Sagamore Industrial Park.
Arch Communities and WinnCompanies complete $25.7 million reuse project to transform school building...
August 12, 2022
Southbridge, MA Arch Communities and WinnCompanies celebrated the completion of a $25.7 million adaptive reuse project to transform a 106-year-old historic school building into 62 apartments for seniors ages 55 and older. Congressman Richard Neal, Massachusetts lieutenant governor
The Fremont Group sells two properties in Founders Plaza business park to Milton East Hartford Inves...
August 12, 2022
Hartford, CT The Fremont Group (Fremont) has completed the sale of Riverview Sq., a two-tower 325,00 s/f class A office complex and 155 Founders Plaza, a 50,000 s/f signature office building both located in Founders Plaza business park.
Klein and Manning of Marcus & Millichap broker $2.475 million industrial sale
August 12, 2022
Canton, MA Marcus & Millichap completed the sale of 9 Pequot Way, a 12,000 s/f industrial property, according to Thomas Shihadeh, regional manager of the firm’s Boston office.
North Shore Realty Advisors, Inc. negotiates $13.5m sale of The Beaconsfield Apartments
August 12, 2022
Lynn, MA Dan and Sara Pouladian of North Shore Realty Advisors, Inc. completed the sale of The Beaconsfield Apartments located at 12-16 Newhall St.This 55-unit asset sold for $13.5 million which equates to $245,454 per unit. The unit-mix consists of five studios, 32 one-bedrooms, six one-bedrooms plus den, and 12 two-bedrooms.
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