Category: Owners Developers & Managers

Branford, CT According to Kristin Geenty, president, of The Geenty Group, William Clark has once again received the annual New Haven CID (Commercial Investment Division of the New Haven/Middlesex Board of Realtors) award for the largest number of commercial real estate transactions during 2018. 

You are a real estate developer and have recently developed a mixed-use or residential apartment complex that contains residential apartments. You went through the difficult process of planning, permitting, and building your state-of-the-art development. Now, rather than development and construction, your focus turns to filling each unit with occupants to maximize your return on investment

Clinton, CT Holliday Fenoglio Fowler, L.P. (HFF) completed the $12.9 million sale and the $10.5 million financing of Clinton Plaza, a grocery-anchored shopping center totaling 100,360 s/f. The HFF team marketed the property on behalf of the seller, JMH Associates LLC, and procured the buyer... 

Chelmsford, MA The Commonwealth of Mass. through the Division of Capital Asset Management and Maintenance (DCAMM) will hold a real estate auction of a 34-acre site on Friday, April 5, at 12:00 p.m.  DCAMM is working to facilitate the sale with the Zekos Group Auctioneers...  

Georgetown, MA Eastern Mortgage Capital has provided $31.77 million in permanent financing on Longview at Georgetown, a 186-unit multifamily property. The loan also took advantage of the 223(f)’s “green” designation to materially lower the total cost of capital.

Nantucket, MA The Nantucket Cottage Hospital (NCH) opened its doors for its new hospital, replacing its former facility built in 1957. The new NCH sets a national standard for small community hospitals with expanded outpatient services and increased capacity for inpatient care and surgery.

Brighton, MA Hunneman has completed the $5.5 million sale of 10 Lothian Rd. to Nora, LLC. The sale is for a 16-unit apartment building owned by the Segal Family Realty Trust. Hunneman finalized the sale of the 16-unit brick apartment building located a 10 Lothian Rd. in January.

Boston, MA The Massachusetts State House may be 220 years old, but it has a gleaming new look, thanks to the efforts of Colantonio Inc., who partnered with the Division of Asset Management and Maintenance, the Bureau of the State House (BSH) and CBT Architects to make the “hub of the universe” shine even brighter.

The real estate markets continued to be on a roll during 2018. Home values continue to rise in eastern and central Massachusetts. The commercial markets continue to be strong, particularly in the industrial sector. Granted, the residential supply shortage continues in many local markets and the retail property sector is in transition and somewhat challenged by increasing vacancies. But on the whole, 2018 was a good year for real estate. 

Mattapan, MA MassHousing provided $25 million in affordable housing financing to Lena New Boston, to support the latest phase of rental housing development at Olmsted Green. With the MassHousing financing, Lena New Boston, a partnership betweenLena Park Community Development Corp. and the New Boston Fund, will advance the latest phase of Olmsted Green, and construct 100 new units of mixed-income rental housing, including 40 new workforce housing units.

Marlborough, MA O’Brien Commercial Properties (OCP) has completed 21,352 s/f in leases. The leases include the following: • Phio Pharmaceuticals Corp. extended its 7,500 s/f lease for offices and lab space at the Marlborough Technology Center at 257 Simarano Dr. in the technology sector alongside neighboring technology companies such as GE Medical, Hologic Corp. and IPG Photonics.