Category: Owners Developers & Managers

Littleton, MA O’Brien Commercial Properties, Inc. brokers’ Eric O’Brien and Rob McGarry have sold 531 King St., consisting of six office condos, totaling 6,300 s/f on 1.75 acres of land.

Nashua, NH Downtown Realty has completed the successful closing of the Lake Street Apartments, located at 87-89 Lake St. for $4.4 million in June of 2024. Matthew Lefebvre represented

Cambridge, MA According to Shawmut Design and Construction, a $1.6 billion national construction management firm, construction is underway on the new home for the American Repertory Theater

Canton, MA R.W. Holmes has completed the sale of a 99,000 s/f industrial building for $13.85 million. R.W. Holmes’ broker, Mike Fahy along with Elizabeth Holmes, director of corporate services, and Dean Blackey, managing director,

Woburn, MA Confetti flew, horns were blown, and banners were waved at TradeCenter 128. Cummings Foundation’s annual Grant Winner Celebration drew 400 attendees, including Governor Maura Healey and – of course – Cummings Foundation co-founders Joyce and Bill Cummings.

Malden, MA Malden Catholic (MC) presented major expansion plans for its academic and athletic programs. By partnering with Timberline Construction and Scalora Consulting Group, MC broke ground on May 9th for an academic and athletic facility located across the street from Malden Catholic at 50 Crystal St.

Wellesley, MA Newmark has secured the $24.3 million sale of 65 Walnut St., a medical office building. The property traded from Wellesley/Walnut Street LLC, affiliated with Haynes Management Inc., to a joint venture between Sendero Capital and TPG Angelo Gordon. Newmark co-head of U.S. Capital Markets Robert Griffin, alongside senior managing director Michael Greeley

Boston, MA Marcus & Millichap has named a new chief people officer (CPO) Jan Coonley. Coonley will be responsible for overseeing all aspects of the company’s human resources activities, including systems, employee engagement, performance enhancement, talent retention and acquisition, skills and leadership development

Medical office is in the news right now. Steward Health Care, which owns nine hospitals in New England, is in bankruptcy. Lifespan and Care New England in Rhode Island lost over $100 million in 2022. Prospect Medical in Connecticut owes the state $67 million. It appears that the privatization of hospitals was an ill-conceived idea.

Devens, MA King Street Properties (King Street) has completed the closing of a construction loan for 75 Jackson Rd., part of King Street’s 45-acre, 700,000 s/f Pathway Devens campus, a premier location for advanced manufacturing. Once completed, 75 Jackson Rd. will add 210,000 s/f of advanced manufacturing space

Malls are back - and good retail is upward bound. Just a few years ago they were called dinosaurs and obsolete without much of a future. The weak malls have vanished, but those in class A locations are making a comeback. Repositioned with a relevant mix of uses with stunning architecture and new stores, these reborn malls have savvy retailers standing in line for space.