Category: Owners Developers & Managers

Watertown, MA The Davis Companies (Davis) and Boston Development Group (BDG) have entered into lease agreements with life sciences firms LifeMine Therapeutics and a new stealth mode biotech (NewCo) at 66 Galen St., a purpose-built class A life science building owned in a joint venture between Davis and BDG. The new tenants will occupy more than half of the leasable space at 66 Galen.

Easton, MA North Easton Savings Bank has been the #1 partner of the Massachusetts Capital Access Program (Mass CAP) since joining the program in 2010. The Mass CAP program helps fill the funding gap between traditional small business lending and the SBA’s 7A small business lending program, allowing participating banks more flexibility in assuming some additional risk without a lot of red tape.

Boston, MA Freudenheim Partners has completed two lease transactions on behalf of MASSPIRG and Green Century Capital Management in downtown. Freudenheim Partners’ Chris Rogers and Ellie Cullinan represented both tenants.

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.

Independent real estate investors seem to be taking it from all sides these days. Not only are interest rates, property taxes, and construction costs up significantly from just a few years ago, but also more and more legislation continues to be introduced, making the management of real estate (especially single family rentals and apartment buildings) more difficult, expensive, and heavily regulated.

As I review my 1099 before filing my 2023 tax returns, all I can say is “I’m glad THAT’s over!” The hotel transaction markets for those 12 months and the first half of 2024 were the worst in memory. The good news is that after 18 months of bouncing along the bottom like a lead weight on a Cod Jig, we are experiencing an upsurge in activity and have started to reel in some deals.

Lynn, MA MassDevelopment has issued a $7.52 million tax-exempt bond on behalf of Catalyst Housing LLC, an affiliate of Harborlight Homes and The Haven Project. The organizations will use bond proceeds to buy the upper floors of 57-65 Munroe St. – a 12,983 s/f condo within a historic commercial building – and renovate them to create 24 affordable, service-enriched studio apartments

Canton, MA Gray Strategic Partners, LLC, an investment banking firm, has hired Erik Jensen as a managing director. Jensen will work with both public and private companies at all stages of development, on both the buy-side and sell-side of transactions.

Worcester, MA Shawmut Design and Construction, a $1.6 billion national construction management firm, celebrated the ceremonial opening of its new Worcester office, an expansion of its commitment to the future of construction

East Bridgewater, MA Sullivan & Sullivan Auctioneers announced today that the firm will bring 31.8 acres of town land along Central St. to auction on behalf of the town. This public auction will consist of four separate offerings. The first is 31.8 acres industrial zone w/overlay 55+ district.

East Lyme, CT Matt Nadler and Tom Connor of Horvath & Tremblay completed the sale of Midway Plaza. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6.25 million.

Malden, MA Woburn-based battery maker Alsym Energy has signed a 60,000 s/f lease with real estate developer Berkeley Investments (Berkeley) and its partner, Singerman Real Estate (Singerman), to expand its operations to Exchange 200.