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Category: Owners Developers & Managers
BOMA Boston update – Back to school and back to BOMA!
September 6, 2024
The sold out BOMA Networking Nite was a great success on September 5th! Close to 200 BOMA members and industry guests came together at Newmark’s 53 State St. Thank you to Compass Facility Services and Newmark for hosting.
IREM President’s message: From empty offices to affordable housing
September 6, 2024
Combine an excess of vacant office buildings with the need for increased multi-family affordable housing and it seems obvious that repurposing existing workforce spaces could be the solution to addressing the respective surplus and shortage. But like all things that elicit a “eureka” moment, it comes down to the pros and cons.
CAI secures major win for Massachusetts Condominium Associations: Electronic meetings and voting bi...
September 6, 2024
Boston, MA On the last day of formal sessions for the 2023-2024 Massachusetts legislative session, the House and Senate passed a comprehensive housing bill (H4977) The Affordable Homes Act which added Section 24 to Chapter 183A allowing for electronic meetings and voting in condominiums. Governor Healey signed the bill (H 4977)
Elm Grove Companies to break ground on $20 million - 52-unit workforce housing project
September 6, 2024
Rochester, NH Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit Workforce Housing community at 29 Wadleigh Rd. This will be the company’s
Construction of new affordable senior housing in Lincoln Square at former Worcester Boys Club commen...
September 4, 2024
Worcester, MA F.W. Madigan Company (Madigan), Inc. is set to begin construction in early September on the Worcester Boys Club Project, which is to include a historic preservation and renovation of the 59,000 s/f former Worcester Boys Club building in Lincoln Square, along with construction
Keogh and Brissette of NAI Glickman Kovago & Jacobs handle $3.15m sale of 19,000 s/f in Worcester
August 30, 2024
Worcester, MA Hampton Properties, LLC has sold its 19,000 s/f specialty property to Baystate Savings Bank. NAI Glickman Kovago & Jacobs (NAIGKJ) vice presidents, James Keogh and Alexis Brissette, represented the seller. The sale closed on August 14, 2024, for $3.15 million,
Klein of Marcus & Millichap arranges $2.85 million sale of 52,000 s/f industrial space
August 30, 2024
Holliston, MA Marcus & Millichap completed the sale of a 52,000 s/f vacant industrial building. The property sold for $2.85 million. Klein had the exclusive listing to market the property on behalf of the seller, a private investor, and procured the buyer, 561 Main Street Best, LLC.
Salem celebrates PLA for construction
of $300 million maritime terminal
August 30, 2024
Salem, MA Workers, community members, and elected officials gathered this week to celebrate the historic signing of a new Project Labor Agreement (PLA) for the construction of a $300 million maritime terminal. Upon completion, the terminal will serve as the marshaling yard
Suffolk hosts Girl Scouts of Eastern MA for a day of inspiration and learning
August 30, 2024
Boston, MA Suffolk, one of the largest and most innovative real estate and construction enterprises in the country, hosted 16 Girl Scouts at Suffolk’s headquarters for a day of learning about the fascinating world of construction and the importance of female representation in the industry.
MassDevelopment issues $6m tax-exempt bond on behalf of Springfield Day Nursery to purchase 947 Main...
August 30, 2024
Springfield, MA MassDevelopment has issued a $6 million tax-exempt bond on behalf of Springfield Day Nursery Corp., which does business as Square One, to help the organization buy a 1.53-acre parcel at 947 Main St., where it will build a 26,000 s/f early-education center.
Freudenheim Partners relocates Social Innovation Forum to 77 Franklin St.
August 30, 2024
Boston, MA Freudenheim Partners has completed the relocation of Social Innovation Forum to its new office at 77 Franklin St. in downtown. The Social Innovation Forum connects funders and nonprofits focused on growing impact to create positive social change in Eastern Massachusetts.
Glaskin and Leppo of Coldwell Banker Commercial
Realty broker $6.2 million sale of 1093 Beacon S...
August 30, 2024
Brookline, MA Todd Glaskin and Gregg Leppo of Coldwell Banker Commercial Realty completed the $6.2 million sale of 1093 Beacon St., a 14,000 s/f office building in one of Greater Boston’s premier locations, positioned at a stop on the MBTA Green Line and surrounded by high-end residential homes.
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