Category: Owners Developers & Managers

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.

Hudson, MA Cornerstone Realty Capital has arranged $2.2 million for the refinance of a 32-unit mixed-use property. The garden-style property consists of 28 apartments, a mix of 21 studio units, 4 one-bedroom/one-bathroom units, and 3 two-bedroom/one-bathroom units, as well as four commercial spaces.

Framingham, MA Calare Properties has acquired a centrally-located boutique office property at 30 Speen St. Totaling 40,500 s/f, the five-story building sits on 2.5 acres. The asset benefits from highway frontage and signage along the Mass Pike (I-90), offering corporate brand visibility in a thriving office market.

Beverly, MA Montessori Kids Universe will open soon at Cummings Center. The 11,000 s/f space at the 600 building is one of the first New England locations for the national franchise. The center offers the Montessori-based method of education, with a low child-to-teacher ratio and a focus on children’s natural instincts of curiosity and imagination.