Category: Owners Developers & Managers

Boston, MA The Davis Companies has hired Patrick Kimble as an associate asset manager. In this position, Kimble will be responsible for leasing key assets, along with participating in the development of and overseeing business plan implementation for a variety of properties in the firm’s portfolio.

Provincetown, MA The local beachfront landmark Breakwater Hotel at 716 Commercial St. (Rte. 6A), the first motel built in town, has been purchased by Lexvest Breakwater LLC, an affiliate of The Lexvest Group of Shirley, Mass.

Newton, MA ARS Restoration Specialists celebrates the 12th consecutive year of charitable giving, donating $750,000 to worthy non-profit organizations in 2018 most notably the Gloria Gemma Breast Cancer Resource Foundation and the Ellie Fund.

On behalf of the seller, vice chairman Edward Maher, executive managing director Matthew Pullen, managing director James Tribble and director Samantha Hallowell of NKF’s Boston Capital Markets team oversaw the transaction

Boston, MA Al Woods has joined Consigli Construction Co., Inc. as the executive director of corporate services. Woods will be responsible for providing strategic direction and growth of Consigli’s corporate interiors and building repositioning work

Newton, MA The New England Chapter of SIOR held its annual Robert W. Holmes Scholarship Night at Brae Burn Country Club on October 4. The event started at 6 p.m. with passed appetizers and cocktails.

East Boston, MA New York Life Real Estate Investors, on behalf of New York Life Insurance Company, completed the $97 million financing of Portside II at East Pier, a 296 unit, multifamily property. The borrower is a wholly owned subsidiary of Mack-Cali Realty Corp.

Southington, CT Ralph Calabrese and Tony Valenti of the R. Calabrese Agency, LLC completed the $1.075 million sale of 1850 West St. The fully occupied two story office building houses a daycare in the upper level and a chiropractor and art studio in the lower level.

Gloucester, MA Windover Construction completed construction of a biotechnology laboratory and office building at 417 Main St. Owned and operated by Back Shore LLC, the 18,500 s/f facility is situated within the designated port area of the town’s historic waterfront and will be dedicated to tenants focused on marine research uses.

Cambridge, MA The Harvard Center for Green Buildings and Cities (CGBC) at the Harvard Graduate School of Design (GSD) has completed HouseZero, the retrofitting of its headquarters in a pre-1940s building into an ambitious living-laboratory and an energy-positive prototype for ultra-efficiency that will help to understand buildings in new ways. The design of HouseZero has been driven by radically ambitious performance targets from the outset...

CAI Legislative Action Committees (LACs) continue to watch and track legislative initiatives that impact condominiums in New England chapter states. The following is a recap of the past 12 months and a preview of what’s on the horizon for LACs in 2019. New Hampshire: New Hampshire lawmakers went back to work last August and the New Hampshire Legislative Action Committee (NHLAC) has been hard at work, as well since then. The committee’s priority again in the