Category: Owners Developers & Managers
Marcus & Millichap arranges $3.4m sale of 16,637 s/f office building
January 6, 2023
WALTHAM, MA Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has sold 230 Second Ave., a 16,637 s/f office property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3.4 million.
Rogers hired by Thornton Tomasetti as sr. assoc.
January 6, 2023
Portland, ME Kristina Rogers was hired as senior associate in Thornton Tomasetti’s Maine office to help expand the firm’s mass timber capabilities.
MassDevelopment loans $4m to City Fresh Foods for a new production facility
January 6, 2023
ROXBURY, MA MassDevelopment has issued $4 million in loan financing on behalf of City Fresh Foods, the only minority- and employee-owned, minority-led food service company in the Commonwealth.
Mass. Land Court ruling upholds sanctity of commercial lease documents
January 6, 2023
Boston, MA A recent decision issued by the Massachusetts Land Court has significant implications for the commercial real estate industry. The question was, does a prospective lessee have a valid lease where only one party has signed? The answer in this case was a firm no.
Worth Avenue Capital funds $300,000 loan for 15-unit apartment renovation
January 6, 2023
Brooklyn, C T Worth Avenue Capital, LLC has closed a $300,000 commercial loan to a Connecticut based real estate developer. The loan proceeds will be used to complete the internal renovation of a 15-unit apartment.
GCRE director Prieto sells 6,040 s/f building
January 6, 2023
NASHUA, NH Granite Commercial Real Estate (GCRE) is pleased to announce the sale of 30 Pond St. James Prieto, director of e, at GCRE represented the seller in the transaction.
Alpine Environmental hires Carlberg as director of project management
January 6, 2023
Chelmsford, MA Alpine Environmental has hired Peter Carlberg. Carlberg joins as director of project management. In this role, he will work with Alpine’s operations team to plan and execute projects, act as a point of contact for clients, and oversee the daily operations of the field.
Northeast Private Client Group facilitates $2.515m multifamily sale
January 6, 2023
East Boston, MA Northeast Private Client Group (NEPCG) has completed the sale of the Brooks St. Apartments. Senior associates Francis Saenz and Drew Kirkland along with investment associates Jim Casey and Brad Carlson represented the seller and procured the buyer for the multifamily transaction.
East Cambridge Savings Bank receives 2022 Corporate Citizenship Award
January 6, 2023
Cambridge, MA East Cambridge Savings Bank, a $1.6 billion in assets mutual bank, received the 2022 Boston Business Journal Corporate Citizenship Award, a recognition of the region’s top corporate charitable contributors.
Rockland Trust provides $44 million financing to AAM Danvers Residences for 145-unit development
January 6, 2023
Danvers, MA Rockland Trust has placed $44 million in financing to AAM Danvers Residences, LLC for the construction of Maple Square; a mixed-used development in downtown.
FMC Technologies celebrates 25th anniversary of delivering energy-efficient products and services to...
January 6, 2023
Chelmsford, MA There are a lot of conversations surrounding energy in the news lately, spanning from climate change to energy allocation to de-carbonization all resulting in the ever-growing cost to heat, cool and ventilate commercial buildings.
The Peabody Companies’ Harmon Apartments receives BRAGB Award
January 6, 2023
Dorchester, MA According to The Peabody Companies, a group of award-winning property management and real estate firms, Harmon Apartments has been named recipient of the Builders and Remodelers Association of Greater Boston (BRAGB) PRISM Silver Award for Excellence in Community Design, Best Universal Design.
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