There’s no denying it – homelessness is on the rise throughout New England, with an August, 2024 report by Boston Indicators pointing to Greater Boston as the region’s hardest-hit area, driven largely by a severe shortage of affordable housing.
In an evolving regulatory landscape, condominium boards and managers across New England face challenges that impact property values and home sales. Community Associations Institute (CAI) has recently released a guidance document addressing lending eligibility with Fannie Mae and Freddie Mac.
Rockland, MA The South Shore’s office market just got its headline: A.W. Perry’s flagship property, One Tech, has secured the region’s largest new office lease in over a decade, further cementing the campus as the area’s go-to business address.
Kennebunk, ME Amid soaring demand in southern Maine, Kennedy Funding is providing the financing to make new housing a reality. The direct private lender completed the closing of a $1.633 million loan to Abode Communities Kennebunk, LLC. Loan proceeds will be
West Haven, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., the company has completed the following transactions: Fred Messore, senior vice president/broker at Colonial Properties, was the sole broker in the sale of 360 Campbell Ave.
Chelmsford, MA O’Brien Commercial Properties has completed the sale of The Chelmsford Medical and Surgical Center, located at 321 Billerica Rd., under their exclusive representation. The 72,050 s/f, two-story medical office building
Arlington, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of a 12-unit multifamily property situated at 109 Oxford St. Kelleher and Pentore exclusively represented the seller and procured the buyer
Holyoke, MA Paul Bongiorni of Pioneer CRE facilitated the $385,000 sale and partial leaseback of 378 High St. in downtown. The building’s ground level houses a KeyBank branch, with five stories of commercial space above it, totaling 24,000 s/f of space. The seller, KeyBank, will retain their space.
Newton, MA Skanska, a leading global construction and development firm, held the groundbreaking of Brimmer and May School’s new 26,000 s/f recreation & wellness center, where its program management and consulting group, Skanska Integrated Solutions (SIS) served as project manager. The new center will replace the school’s current gymnasium,
Portland, ME According to The Boulos Company, Tim Macrae has joined its team as the company’s first commercial real estate analyst, a position designed to enhance the firm’s ability to deliver strategic, data-driven insights and investment expertise to clients.
Boston, MA The Procopio Companies (Procopio) has announced the expansion of Procopio Construction – the foundational construction division of the firm.
Fairfield, CT According to Angel Commercial, LLC, Jon Angel, president, has represented Southport Harbor Wealth Advisors, LLC in the extension of their lease for 3,150 s/f at 2150 Post Rd.