Category: Owners Developers & Managers

Boston, MA IREM Boston Metropolitan Chapter No. 4 members Kimberly Parker and Pamelia Haynes hosted a Summer of Service project in collaboration with various local nonprofit organizations.

In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives. A project refers to a condominium, housing cooperative, or any multi-family common interest ownership association with more than five attached units. Project standards are specific requirements outlined by Fannie Mae and Freddie Mac.

Boston, MA In recent years, the commercial real estate industry has experienced significant transformations driven by advancements in technology. These changes have revolutionized the way investors approach commercial real estate deals, ushering in a new era of opportunities.

Devens, MA King Street Properties has arranged for Ascend Elements, a company revolutionizing the production of sustainable lithium-ion battery materials, to lease the new 101,000 s/f building located at 39 Jackson Rd., part of King Street’s Pathway Devens campus. This transaction marks the full lease-up of the first phase of King Street’s Pathway Devens development.

Boston, MA Canstruction Boston, an annual charity event that combines design, creativity, and social responsibility returns in 2023, after a one-year hiatus. Since its inception in 1995, this beloved A/E/C industry event centers around the construction of impressive sculptures made entirely from canned food, which are then displayed and later donated to local food banks.

Boston, MA Chris Everest and Kevin Olson of Nordlund Associates, Inc. assisted client Devon Realty Trust in the sale of 167 Devon St. a 8,778 s/f warehouse on a 0.56 acre parcel located off of Columbia road abutting the MBTA commuter rail.

Bedford, MA R.W. Holmes arranged a recent lease agreement totaling 6,075 s/f of office and flex space at 175 Middlesex Tpke. Affera, a medical technology company specializing in solutions for the cardiac arrhythmia market, leased 5,575 s/f earlier this year and has now expanded to 6,075 s/f. R.W. Holmes senior vice president David Gilkie represented the landlord, ConRes IT Solutions, while Joe Doyle of Cresa represented the tenant.

Stamford, CT KW Commercial director Andreas Senie and CCIM Institute instructor Mark Van Ark, CCIM, SIOR will host the first annual Foundation of Commercial Real Estate Seminar on Oct 19th and 20th at KW Stamford at 2777 Summer St., 7th floor.  Senie and founder/owner of EAC Properties, along with Van Ark, will bring together 50 industry insiders and newcomers for the Foundations For Success Seminar for this case study-driven course.

Framingham, MA Marcus & Millichap has completed the sale of Grant Street Complex for $6.4 million. “This portfolio provided a truly unique value-add opportunity with ample off-street parking and renovations already completed on several of the units as well as four brand-new townhouses.” said Evan Griffith, senior vice president of investments.

Middleboro, MA Wood Palace Kitchens, a cabinetry distributor representing select manufacturers and providing turn-key services, will have a new owner as of January 2024. Tim Holick, current owner and founder, announced that he will transfer ownership of the 44-year old company to his nephew, Michael Holick. Michael Holick has been with the company for 33 years, began his career with the company in warehousing, then project supervising, and since 2000 has been one of the company’s top salespersons.

Rockland, MA Acella Construction Corporation (Acella), in celebration of its 20th anniversary, is relocating from 38 Washington St. in Pembroke, to 400 Hingham St. The recent move from the former 7,000 s/f building to a space twice the size at 14,000 s/f comes as a result of company growth and expansion into new vertical markets.