Category: Owners Developers & Managers

Methuen, MA Brooks Properties of Salem, NH, signed a long-term lease with Dana-Farber Cancer Institute to occupy more than half of the 96,000 s/f building at 5 Branch St. As the Valley Office Park’s anchor tenant, Dana-Farber will be making a substantial investment to convert the existing office space into a cancer care center

Bedford, MA C.E. Floyd Co. has promoted Chuck Tobin to COO, Pete Doucet II to director of MA operations, and Jeff Palmer to director of CT operations. The company also transited Norm Fournier from VP of Mass. operations to the role of advisor. 

Newton, MA The New England Real Estate Journal (NEREJ) held the Multi-Family & Property Management Summit on January 31st at the Boston Marriott Newton at 2345 Commonwealth Ave.

Technology is advancing at a breakneck pace. Our use of email and text messaging has drastically altered the way we communicate with each other. This is true not just in our personal lives but in our professional lives as well.

New Haven, CT S/L/A/M Construction Services (SLAM CS) was honored by the Design-Build Institute of America New England (DBIANE) with a Gold Award for the Chapel Haven Residential Education Building (REACH) project. SLAM CS accepted the award at the DBIA annual meeting and 2018 Awards Dinner held on January 10 at the Sheraton Framingham.

Salem, MA Dennis Kelleher, John Pentore and Stephen Girolamo of Horvath & Tremblay have arranged the sale of 10 Summer St. and 12-14 Summer St. The two buildings sold for $3.74 million, a cap rate of 5.28% and a price per unit of $133,571.

Middletown, CT Trevor Davis, CCIM of Trevor Davis Commercial Real Estate has completed three sales totaling $925,000. The sales include: The sale of a 7,500 s/f building on 2.85 acres at 61 Industrial Park Rd. It was owned by Bailey’s Express and sold to Accurate Logistics, LLC for $395,000

Merrimack, NH Tom Dickson, commercial real estate agent of Stebbins Commercial Properties LLC, has completed the sale of the 3,760 s/f building at 37 Depot St. The property was sold by Argus 1 LLC to Yong Feng Lui of Quincy, Mass.     

One of the easiest things to do is make people delete your emails immediately, with or without opening them. Simply disappoint recipients with irrelevant content. That’s all. There’s nothing to it… nothing worthwhile that is, in the subject line or content, that genuinely relates to audience needs.

Boston, MA According to CBRE, Akouos is relocating their headquarters to Pappas Commerce Center located in the city’s Seaport District. Akouos—a biotech company—will take 37,500 s/f of lab space on the second floor at 645 Summer St. Akouos joins 908 Devices Inc. at the building. 

Norwalk, CT Worth Avenue Capital, LLC (WAC) closed a $250,000 commercial loan to a builder/real estate developer in Fairfield County. The loan proceeds are being used to complete the construction of a duplex. The loan is secured by a blanket mortgage on three separate pieces of real estate

Somerville, MA For many years Harold Brown, whose 64-year-old Hamilton Co. owns two million s/f of commercial real estate in Greater Boston, had been eying Union Sq. as an area poised for new growth. So when a soon-to-be abandoned warehouse and parking lot at 2 Union Sq. became available in late 2013, Harold Brown, now 93, and his son Jameson, Hamilton’s CEO, didn’t hesitate to buy the 15,600 s/f property for $1.9 million.