Category: Owners Developers & Managers

Funding is a key driver of economic growth as well as an important indicator for commercial space needs. This is particularly true within the life science industry as initial public offerings and other key funding rounds generally preface expansions in the marketplace.

While other U.S. cities have demonstrated volatile economic markets, Boston has sustained a strong, healthy economy for more than 40 years. This economic health coupled with the city’s diversity of industries has had a lasting, positive impact and increased demand for commercial space.

Boston, MA Newmark Knight Frank (NKF) has completed the $123.25 million sale of Serenity, located at 101 S. Huntington Ave., to Oxford Properties Group. On behalf of Longwood Group, executive managing director Michael Byrne, managing director Thomas Greeley, associate Casey Griffin, director Devlin Man and senior financial analyst Andrew Herald of NKF’s Boston Capital Markets team oversaw the transaction of the 195-unit apartment building.

Nashua, NH Fulcrum Associates has completed the construction of a new Day’s Jewelers store. The 5,900 s/f store is the first freestanding location of Day’s Jewelers’ eight stores throughout N.H. and Maine. The store including a lounge area and the latest technology for repairs and interactive shopping, creates a superior shopping experience for all guests.

Beverly, MA When Cummings Properties purchased 50 Dunham Rd. in December 2011, the 54-acre site included just one building that was 90% vacant. Undeterred by the market’s disinterest and by others’ perception of a property with significant limitations, Cummings saw potential.

Somerville, MA Federal Realty Investment Trust has signed a lease for 150,000 s/f with PUMA North America to anchor a new 300,000 s/f office building, with ground floor retail space, at 455 Grand Union Blvd. at Assembly Row, the rapidly growing, mixed-use neighborhood just minutes from downtown.

Manchester, NH The Dolben Company, Inc. has assumed management of Regency Place, Regency West and Regency Heights, collectively known as The Regency Collection. Located in a heavily residential and apartment dominated sector of the city, the properties are all 55+ communities.

Rowley, MA Ipswich Bay Glass (IBG), one of the largest commercial façade companies in the Northeast, is celebrating its 50th anniversary. IBG was founded in 1969 by Sandy Patrican to provide the highest quality glazing and panel systems fabrication and installation on the North Shore.

Boston, MA According to Barkan Management Co., three portfolio managers have achieved Professional Community Association Manager (PCAM) designation. Diana Montalbano and Joshua Levy (based in Boston) and Sarah Flannigan (based in Providence, RI), have achieved PCAM certification.

Auburndale, MA A new joint venture has been formed between C&W Services, Inc. – one of North America’s leading facility services companies – and Alutiiq Logistics & Maintenance Services, LLC (ALMS) – a certified small, Alaska native-owned business and wholly owned subsidiary of Alutiiq, LLC (Alutiiq). This JV was formed to help clients meet the highest standards of facility performance while achieving their diversity spending goals.

Salem, MA Jay Goldberg of Spire Investments continues to be very active in the marketplace with another purchase. Goldberg has acquired 33 units in Salem and Peabody for $4.265 million ($129,242 per unit). Twenty-eight of the units consisted of two buildings located at 10 and 12-14 Summer St.