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Category: Owners Developers & Managers
Hughes of New Dover Associates arranges 50,016 s/f in three leases
March 26, 2021
Marlborough, MA Scott Hughes, president of New Dover Associates, Inc., represented the landlord, Yellow Brick, LLC in transacting three leases totaling 50,016 s/f at 630 Forest St.
National Development promotes Forchielli to senior vice president
March 26, 2021
Newton, MA According to National Development, Marc Forchielli has been promoted to senior vice president. Forchielli is responsible for the acquisition, financing, and disposition of investments across a mix of property types
D.H. Smith & Sons relocates to Marshfield
March 26, 2021
Marshfield, MA D.H. Smith & Sons, a company which provides wood waste cycling, land clearing, mulch manufacturing, power equipment and retail landscape supplies and which serves both the wholesale
Horvath & Tremblay broker $3.335 million sale of a Federal Express Ground facility on Nantucket isla...
March 26, 2021
Nantucket, MA Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a Federal Express Ground facility. Horvath & Tremblay exclusively represented the seller
Improvement or construction exchanges under IRC Section 1031 - by Brendan Greene
March 26, 2021
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment,” to defer paying any capital gains taxes if the property owner sells
Griffith, Pepdjonovic of Marcus & Millichap arrange the sale of nine units in Somerville for $2.81 m...
March 19, 2021
Somerville, MA Marcus & Millichap completed the sale of two multifamily properties for a total of $2.81 million. 52 Sargent Ave., sold for $1.41 million, while 134 Pearl St. sold for $1.4 million. Evan Griffith and Tony Pepdjonovic, investment specialists in Marcus & Millichap’s Boston office, had the exclusive listing to market the property
The Stubblebine Company and R.W. Holmes Realty Co. arrange 55,500 s/f lease
March 19, 2021
Devens, MA David and James Stubblebine, principals of The Stubblebine Company, and Michael Ogasapian of R.W. Holmes Realty Co. arranged a 55,500 s/f lease at 4 MacArthur Ave. to Allios, Inc. The Stubblebine Co. represented the landlord, MacArthur Avenue, LLC, and R.W. Holmes Realty Co. represented the tenant in the transaction.
Jumbo Capital sells three properties from its research and development portfolio to Rhino Capital Ad...
March 19, 2021
Andover, MA Privately held real estate investment firm, Jumbo Capital completed the sale of three properties from its research and development portfolio to Rhino Capital Advisors, LLC.
Hartford, Park and Marrero join MassDevelopment’s executive team
March 19, 2021
Boston, MA MassDevelopment has named additions to the agency’s executive team. Theresa Park, current executive director of the Merrimack Valley Planning Commission, will join the agency as deputy director and
GET READY …Its about to get better! - by Carol Todreas
March 19, 2021
Slightly over one year ago, our journey into COVID-19 began. Now we are told by health officials that by late May, 2021, enough of us will be vaccinated so that “normalcy” can return. What does that mean for retail?
Unsatisfied PPP Loans may pose challenges to hotel transactions - by Joshua Bowman & Joseph Wang
March 19, 2021
For hotel owners whose businesses have been devastated by the COVID-19 pandemic, the Paycheck Protection Program (PPP), administered by the U.S. Small Business Administration (SBA), has provided critical funds to help them
JLL Capital Markets closes $33 million sale of Sanofi Genzyme’s Northborough Global Operations Cen...
March 19, 2021
Northborough, MA JLL Capital Markets has closed the $33 million sale of Sanofi Genzyme’s Northborough Global Operations Center, a fully net-leased, 212,000 s/f, GMP-certified industrial facility located at 11 Forbes Rd.
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