Category: Owners Developers & Managers

Dorchester, MA According to Affordable Housing and Services Collaborative, Inc. (AHSC), a nonprofit organization that owns and develops affordable rental communities, construction has begun on a 91-unit affordable family housing project on Columbia Ave.

Norwalk, CT Celebrating what is a significant step in the revival of downtown, elected officials joined project leaders and the Norwalk community for the groundbreaking on the Wall Street Place redevelopment project. The event, which was hosted by project developers, the JHM Group

Williamstown, MA According to Skanska, a leading global construction and development firm, its program management and consulting group, Skanska Integrated Solutions (SIS), is serving as the program manager for the construction of the Williams College Museum of Art. Situated on a 6.75-acre site, the new museum will be 76,800 s/f

Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of a six-unit property. The desirable asset sold for $4,100,000 which represents a 5.58% Cap Rate and $683,333 per unit. Kelleher and Pentroe represented the seller, The Mount Vernon Company, in the transaction.

Boston, MA JLL Capital Markets has hired Tom Hovey as director, joining the JLL Northeast Industrial Capital Markets Investment Sales and Advisory team.

Cambridge, MA An affiliate of The Bulfinch Companies, Inc. (Bulfinch), a commercial real estate and investment firm, has signed a long-term lease extension with TIAA, The Teachers Insurance and Annuity Association of American-College Retirement Equities Fund at 95 Mount Auburn St.

Little Compton, RI Mott & Chace Sotheby’s International Realty completed the sale of 21 Atlantic Dr., for $6.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace Sotheby’s International Realty.

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.

Marlborough, MA Black Diamond Solutions has signed a lease of office & flex space at 257 Simarano Dr. They will relocate headquarters from Northborough this month. Eric O’Brien and Andrew Goddard from O’Brien Commercial Properties Inc. brokered the transaction.

Medford, MA Jonathan Rose Companies and Schochet Companies were joined by Massachusetts state senator Patricia Jehlen, Massachusetts state representative Paul Donato, mayor Breanna Lungo-Koehn, vice president of multifamily programs at MassHousing Mark Teden, Massachusetts Field Office director for the U.S. Department of Housing and Urban Development Rhonda Siciliano,

Brockton, MA NeighborWorks Housing Solutions, one of the leading housing service providers in southern Massachusetts, was named the recipient of a $20,000 grant from the Dedham Savings Community Foundation.

Salem, MA MassDevelopment has issued $45 million in tax-exempt bonds on behalf of BC Leefort Terrace LLC, an affiliate of Beacon Communities, which is using proceeds to redevelop the outdated Leefort Terrace housing development built in 1958 containing 50 garden-style one-bedroom units across eight buildings.