Boston, MA Newmark has hired Steve Purpura, a leading force in the city’s rise to nationwide life sciences prominence, as executive vice chairman. Purpura brings more than 30 years of experience advising owners, developers and occupiers across office and life sciences real estate,
Brewster, MA Wingate Living, a family-run organization offering a full continuum of services from independent and assisted living to memory care, skilled nursing and home care, has completed the acquisition of Wingate Residences at Pleasant Bay, a 59-apartment independent and assisted living community.
Norwell, MA South Shore Habitat for Humanity, which has delivered quality housing in partnership with families in need for the past 40 years, has received a generous donation of electrical supplies from Granite City Electric for its local homebuilding project on Plymouth St., in Abington, Mass.
Boston, MA The Davis Companies (Davis) have closed on the disposition of two self-storage facilities operated by Extra Space Storage, located at 235 North Beacon St. and 970 Fellsway in Medford, MA respectively. The properties were sold to a joint venture between Invesco Real Estate and Baranof Holdings.
Dorchester, MA According to The Peabody Companies, Columbia-Uphams Apartments has achieved Enterprise Green Communities (EGC) certification. The national green building standard prioritizes resident well-being, long-term sustainability, and neighborhood impact alongside energy efficiency and building performance.
Affordable housing projects are inherently complex. Layered funding, tight margins, and strict timelines leave little room for error. When federal funding triggers Build America, Buy America (BABA) requirements, complexity increases – but that doesn’t have to stop a project.
Boston, MA Governor Maura Healey announced funding from two programs to jumpstart housing production across the state – approximately $8.4 million from the new Commercial Conversion Tax Credit Initiative (CCTCI) to help communities transform empty or rundown commercial buildings into new homes and $139.5 million in low-income housing tax credits and subsidies
Framingham, MA Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $10.5 million in financing for the acquisition of Arlington Commons, a 54-unit multifamily property located at 77-79 Arlington St.
Avon, MA JLL Capital Markets has arranged $15.1 million in acquisition financing for a two-property industrial portfolio totaling 129,380 s/f. The properties at 20 and 40 Ledin Dr. are strategically positioned within the Avon Industrial Park with access to Rte. 24 and I-93.
Andover, MA Bangor Savings Bank has hired Lourdes Connolly as senior mortgage loan officer, based at the bank’s Andover mortgage loan office. Connolly’s new role will support homebuyers throughout the Greater Boston area and surrounding communities,
b>Hardwick, MA MassDevelopment has issued a $12 million tax-exempt bond on behalf of Eagle Hill Foundation of Massachusetts, Inc. Eagle Hill School is a boarding school that provides customized courses of study for students with diverse learning profiles in grades eight through 12.
Beverly, MA According to CM&B, Mike Andrews has joined the team as a senior project manager. Andrews brings over 16 years of project management experience and 19 years in the construction industry, specializing in life sciences, hospitality, and commercial projects throughout Greater Boston.