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Category: Owners Developers & Managers
Norton of Horvath & Tremblay sells two multi-family properties $2.525 million
December 20, 2024
North Andover, MA Spencer Norton of Horvath & Tremblay has facilitated the sale of two transactions totaling nine units for a total of $2.525 million. 100 Elm St. is a mixed-use property that Norton sold for $1.225 million. This represents a price of $245,000 per unit and a cap rate of 7.05%. The property contains
Aho Properties closes $1.35 million sale of 10,920 s/f industrial building
December 20, 2024
Acton, MA Joel Aho, president of Aho Properties, LLC and Max Geesey of Aho Realty Group represented ownership in the sale of 5 Granite Rd. for $1.35 million. The 10,920 s/f building is located on 1.28 acres.
CBRE arranges sale of 59-unit Ellis Factory Lofts for Chinburg Properties to SMC Management
December 20, 2024
Haverhill, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler negotiated the sale of Ellis Factory Lofts, a 59-unit, class A apartment building. CBRE represented the seller, Chinburg Properties, a New Hampshire-based developer. The team
Mott & Chace Sotheby’s International Realty sells 435 Angell St. for $1.85 million
December 20, 2024
Providence, RI Mott & Chace Sotheby’s International Realty brokered the sale of 435 Angell St. for $1.85 million. The sellers were represented by Cherry Arnold and Carl Henschel, both sales associates of Mott & Chace Sotheby’s. The Erkkinen-Cohen Group of Residential Properties, Ltd.
How on-campus hotels are catalysts for long-term university value and impact - by Harry Wheeler
December 20, 2024
The new year will be a pivotal moment for campus-based hotel developments. The convergence of resources, financing, and benefits makes this approach increasingly viable, with the profitability of such projects creating a long-term return on investments (ROI) for higher education entities and developers alike. Universities have increasingly embraced
Greene of Compass Providence sells 4,500 s/f 102 Williams St. for $1.7 million
December 20, 2024
Providence, RI Compass negotiated the sale of 102 Williams St. for $1.7 million. Kira Greene, a founding agent of Compass Providence, represented the seller, and Annie Becker of Lila Delman Compass’ Newport office represented the buyer.
Dining in transition: The future of Portland’s restaurant scene - by Derek Miller
December 20, 2024
Portland’s restaurant industry has recently made headlines, though unfortunately for all the wrong reasons. A wave of restaurant closures has drawn attention from media outlets across Maine, with the Portland Press Herald, MaineBiz, and Maine Public all recently covering the local businesses closing their doors.
Cresa secures 11,750 s/f lease to Health Care
For All and Health Law Advocates at 70 Franklin St...
December 13, 2024
Boston, MA Cresa Boston has finalized negotiations for Health Care For All and Health Law Advocates to lease 11,750 s/f at 70 Franklin St. The nine-story office building is LEED Gold certified with proximity to Downtown Crossing and commuter lines and will allow both organizations to share
Greater Boston Commercial Properties sells
48,848 s/f office building for $6.4 million
December 13, 2024
Westborough, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. represented the seller in the sale of 287 Turnpike Rd. The 48,848 s/f office building is located on 15.82 acres with visibility on Rte. 9 at a lighted intersection.
Marcus & Millichap arranges sale
of 198-unit self-storage property
December 13, 2024
Nantucket, MA Marcus & Millichap has completed the sale of Old South Self Storage, a 198-unit self-storage property. Palladino, Kevin Bledsoe and Matthew Junkin, investment specialists in Marcus & Millichap’s King of Prussia office,
Goldberg of Spire Investments purchases
three property portfolio for $5.35 million
December 13, 2024
Beverly, MA Jay Goldberg, president and owner of Spire Investments, has completed the purchase of a three-building portfolio. The properties consist of a total of 21 units, mostly residential with a couple mixed-use commercial tenants.
Suffolk completes Lowell High School
Freshman Academy in time for start of school
December 13, 2024
Lowell, MA When Lowell High School teachers and students returned to school from summer vacation August 27, they walked onto a transformed campus. Visible to everyone was the new five-story Freshman Academy, Phase 2 of a four-phase project led by construction manager Suffolk to modernize and expand the school.
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