Category: Owners Developers & Managers

Jumbo Capital sells self-storage facility to Baranof Holdings for $27.5 million

Jumbo Capital sells self-storage facility to Baranof Holdings for $27.5 million

December 17, 2021
Stoneham, MA Privately held commercial real estate investment firm, Jumbo Capital has completed development and construction and sold their fourth large-scale self-storage facility. The 90,000 s/f development located at 54 Montvale Ave. houses 1,025 storage units
Marcus Partners sells four-building portfolio to GCP/Modlo for $173 million - Newmark’s Capital Markets Team handled the sale

Marcus Partners sells four-building portfolio to GCP/Modlo for $173 million - Newmark’s Capital Ma...

December 17, 2021
Brockton, MA Newmark has completed the $173 million sale of the Northeast Logistics Portfolio, a four-building warehouse/distribution portfolio located in suburban Massachusetts.
TRB Realty negotiates the $7m sale of The Newtonville Portfolio - Moskowitz of Heritage Corp. reps buyer, 60 Austin Street LLC

TRB Realty negotiates the $7m sale of The Newtonville Portfolio - Moskowitz of Heritage Corp. reps b...

December 17, 2021
Newton, MA TRB Realty negotiated the sale of The Newtonville Portfolio to 60 Austin Street LLC for $7 million.
BankRI finances $5.2m to Lark Hotels for Field Guide Lodge

BankRI finances $5.2m to Lark Hotels for Field Guide Lodge

December 17, 2021
Stowe, VT Bank Rhode Island’s (BankRI) commercial real estate division has closed a deal with Lark Hotels, providing $5.2 million in financing for the purchase and expansion of the Field Guide Lodge.
NAI Glickman Kovago and Cushman & Wakefield broker $18.35 million sale

NAI Glickman Kovago and Cushman & Wakefield broker $18.35 million sale

December 17, 2021
Webster, MA 30 Goya Dr. has sold for $18.35 million. The former owner, A Duie Pyle Inc. company, sold the 78-door cross dock and truck maintenance facility on 20 acres to Old Dominion Freight Line.
MEREDA’s Annual Forecast Conference back in person on January 20th, 2022

MEREDA’s Annual Forecast Conference back in person on January 20th, 2022

December 17, 2021
Portland, ME On Thursday, January 20th, 2022, leaders from Maine’s real estate industry will be back in person for the Maine Real Estate & Development Association’s (MEREDA’s) Forecast Conference and Member Showcase
The hospitality industry continues to claw back from the impact of the pandemic - by David Roedel

The hospitality industry continues to claw back from the impact of the pandemic - by David Roedel

December 17, 2021
The hospitality industry continues to claw back from the horrible impact of the pandemic. We are approaching our second year of dealing with an invisible enemy that brought our entire industry to its knees. After the initial shock of watching hotel demand plummet in March of 2020
bluebird bio, Inc. signs new 61,000 s/f lease at Assembly Row

bluebird bio, Inc. signs new 61,000 s/f lease at Assembly Row

December 17, 2021
Somerville, MA bluebird bio, Inc. has signed a long-term lease with Federal Realty to establish a biotech hub at Assembly Row. The 61,000 s/f facility to be located at 455 Grand Union Blvd. is designed to meet the changing needs of bluebird bio’s business
The St. Regis Residences celebrate reaching top floor of construction

The St. Regis Residences celebrate reaching top floor of construction

December 17, 2021
>Boston, MA Developer Jon Cronin joined the construction team and staff to celebrate construction reaching the top floor at The St. Regis Residences, Boston. A banner signed by more than 250 workers and staff was lifted to the roof
Boston Realty Advisors brokers sale of Crimson Court for $30.2m

Boston Realty Advisors brokers sale of Crimson Court for $30.2m

December 17, 2021
Cambridge, MA Boston Realty Advisors, one of the largest Boston-based independent real estate brokerage and consulting companies, represented the owners of Crimson Court, a 60-unit multifamily building, in a sale of the property for $30.2 million.
O’Brien and Snay join Sanborn, Head & Associates, Inc.’s development practice

O’Brien and Snay join Sanborn, Head & Associates, Inc.’s development practice

December 17, 2021
Westford, MA According to Sanborn, Head & Associates, Inc., Susan O’Brien and Timothy Snay have joined the firm’s growing development practice in leadership roles.
JLL Capital Markets closes $84.35m sale of Eliot on Ocean

JLL Capital Markets closes $84.35m sale of Eliot on Ocean

December 17, 2021
Revere, MA JLL Capital Markets has closed the $84.35 million sale of and arranged $60.9 million in acquisition financing for Eliot on Ocean, a 194-unit, transit-oriented, class A multi-housing community.