Category: Owners Developers & Managers

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bonds on behalf of BC Leefort Terrace LLC, an affiliate of Beacon Communities, which is using proceeds to redevelop the outdated Leefort Terrace housing development built in 1958 containing 50 garden-style one-bedroom units across eight buildings.

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact

Pittsfield, MA Ultra-high-speed fiber internet provider Gateway Fiber is bringing a new internet service to residents and businesses in town. The new 100% fiber-optic network will be faster and more reliable than traditional cable and telephone-based internet, representing the company’s continuing commitment to bringing better connectivity to the area

Boston, MA On October 10th, 2024, 300 BOMA industry and affiliate companies attended the 2024 BOMA Fallfest at the Exchange at 100 Federal St. Thank you to our Affiliate Members for sponsoring. It was a fantastic night for members and their guests. Thank you BXP for hosting!