Category: Owners Developers & Managers

Boston, MA The BOMA TOBY & Industry Awards were held on Thursday, November 16th at the Westin Copley Place! BOMA Boston recognized the best and brightest in property management, building operations and service in the commercial real estate industry.

Fannie Mae and Freddie Mac, which are under the conservatorship of the Federal Housing Finance Agency (FHFA) has developed a secret blacklist of condominiums, HOA’s and co-op’s which are ineligible for “conventional financing,” i.e. loans that can be sold on the secondary market. It will be difficult for owners in these blacklisted condominiums to either sell or refinance their units.

Boston, MA It’s been a busy fall for IFMA Boston and before we head into the second half of our program year, let’s look back at where we’ve been. We started the year in August with a member only pop-up at Not Your Average Joe’s in Waltham where our members networked while enjoying cocktails and small bites.

Boston, MA Shawmut Design and Construction, a leading $1.3 billion national construction management firm, joined the Jamaica Plain Development Corporation (JPNDC), The Community Builders, Incorporated (TCB), The Massachusetts Executive Office of Housing and Livable Communities

North Adams, MA MountainOne Bank has promoted Richard ‘Dick’ Kelly, who has assumed the role of senior vice president, senior commercial risk officer. This newly created position

Norwood, MA Freudenheim Partners’ client Bodhi Spa has purchased 10 Cottage St. for $1.45 million ($165 per s/f). The 8,770 s/f office building will be the spas’ third location. The spa also operates additional locations in Providence and Newport, R.I.

Portland, ME Cumberland County purchased 27 Northport Dr. from Martin’s Point Health Care Inc. in a deal that closed on October 26, 2023, for $4.58 million. The county plans to renovate the 32,532 s/f interior of the three-story building and consolidate offices in 2024.

Charlestown, MA Avison Young has arranged a new lease at The Schrafft Center, located at 529 Main St., on behalf of GreenSight, an artificial intelligence platform provider. GreenSight will be relocating to a 14,000 s/f office space, upgrading from their current 10,000 s/f location

Raynham MA JLL’s Hotels & Hospitality Group has arranged the sale of the 100-key Fairfield Inn & Suites Raynham Middleborough/Plymouth. JLL worked on behalf of the seller, JNR, in this transaction. The Fairfield Inn & Suites by Marriott is on 2.45 acres and features amenities such as complimentary breakfast, a business center

Boston, MA Related Beal presented over $100,000 to the Center for Teen Empowerment, a nonprofit organization engaging youth to build stronger and more socially just communities. The $103,997 in funds were raised through the First Annual Related Beal Golf Tournament held at Nashawtuc Country Club on August 28

West Warwick, RI According to The Arpin Charitable Fund , its Ninth Annual Arpin Strong Golf Tournament/Bob Sullivan and Mark Dearborn Memorial was a success, raising $27,509 for charity; an impressive $247,500 over nine years. The Arpin Charitable Fund, also known as Arpin Strong is a 501(c)(3) organization that promotes an ESG commitment