Category: Owners Developers & Managers

Spencer, MA Bob Horvath, Todd Tremblay and Hobart Hare of Horvath & Tremblay have completed the sale of a CVS. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $10.324 million

The widening capital gap for business owners of color, particularly those involved in commercial real estate, is evident in the disparities in loan approval rates and is a pressing issue that continues to worsen. According to a report by the Federal Reserve, minority-owned businesses – including those in real estate and construction – face higher denial rates for loans, as high as 20% at times,

Longmeadow, MA MountainOne Insurance Agency, a subsidiary of MountainOne Bank, has acquired G.W. Morisi Insurance Agency, Inc., a third generation, family-owned agency that has served the local communities for more than 75 years.

East Greenwich, RI Thomas Sweeney, SIOR and Christina Rouse of Sweeney Real Estate & Appraisal represented the landlords of 42 Ladd St., the Greenwich Mills located on the Warwick/East Greenwich town line in the lease agreement with GE Renewables US LLC. GE will occupy 3,723s/f of office space on the second floor of Building 2

It’s both an exciting time and a very trying time when an investor sells a property and wants to defer taxes in a 1031 Exchange. A 1031 Exchange is when an investor sells a property that was held for business or investment use and then exchanges into another property of equal or greater value in an effort to defer taxes.

Leominster, MA Capital Group Properties has received full site plan approval for a proposed 67,500 s/f industrial building to be located at 21 Jungle Rd. Capital Group Properties anticipates delivery late in the fourth quarter of 2024. The planning board approved the site plan

Burlington, MA R.W. Holmes has recently negotiated multiple sales transactions. Highline Construction purchased the 5,870 s/f industrial/flex building at 215 Middlesex Tpke., for $1.82 million. The property was sold by Hamel & McAlister.

Bar Harbor, ME Local investor group, Kebo Street Properties LLC, purchased the former Port Inn/Quality Inn and Suites from Giri Bar Harbor, Inc. for an undisclosed price. In addition to the 77-room, limited-service hotel, the sale includes a 2,101 s/f single-family home

Boston, MA Peabody Properties, an affiliate of the Peabody Companies, a group of property management and real estate firms, continues to expand its portfolio of managed communities with the addition of the Phil C. Bradley Housing Partnership at 342 Shawmut Ave.

Boston, MA Rozzie, featuring luxury apartments with close access to downtown in a quiet setting in a neighborhood with abundant green space, is leasing studio to three-bedroom units in Roslindale, with occupancy already begining.

Foxborough, MA Lieutenant governor Kim Driscoll and Executive Office of Housing and Livable Communities secretary Ed Augustus were among the state and local officials at a December 14th funding announcement held at the site of an affordable senior rental housing project planned

Boston, MA An affiliate of The Bulfinch Companies, Inc. (Bulfinch) has received a 2023 Life Sciences & Healthcare ESG Leadership Award from Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately $56 billion