Category: Owners Developers & Managers

Boston, MA Pipefitters Local 537, one of Boston’s largest unions, held a charitable drive at their Union Hall to collect donations to aid struggling community members this holiday season.

Providence, RI Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $13.67 million. Bob Horvath and Todd Tremblay of Horvath & Tremblay completed the sale of a Chase Bank retail condominium

Boston, MA MassHousing and the city of Boston have closed on $36.5 million in MassHousing affordable housing financing for the development of the 135-unit The Loop Mattapan Station, a new affordable and workforce housing community in Mattapan Sq.? 

Rowley MA Nordlund Associates, Inc. negotiated the lease of New England Biolabs Inc. for 28,000 s/f at 320 Newburyport Tpke., a single tenanted flex building on Rte. 1. Nordlund represented the tenant, New England Biolabs Inc.

Newton, MA Ellis Realty Advisors completed sale of 10-12 Dedham St. Colin Moynihan, senior partner at Ellis Realty represented both the buyer and seller. The sale price was not disclosed. 

Reading, MA Real Estate investment services firm Northeast Private Client Group has completed the sale of the General Washington Apartments located at 625 Main St. Francis Saenz & Drew Kirkland

Leominster, MA David and James Stubblebine, principals of The Stubblebine Co., and Alan Ringuette, senior advisor, sold 75 Jytek Park, a 128,592 s/f manufacturing/warehouse property for $4.25 million. The Stubblebine Co. represented the seller, Jytek Industrial Trust, and directly procured the buyer, United Plastics. 

Cambridge, MA Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, along with partners The Bulfinch Companies, Inc. (Bulfinch), a Boston based private real estate investment, development and management firm

Boxborough, MA Colliers International has advised the life science company Vibalogics, in a 118,000 s/f, long-term lease transaction at 1414 Massachusetts Ave. The organization, which specializes in clean virotherapy manufacturing, joined Ampersand Capital Partners’

Hooksett, NH The New Hampshire Chapter of the U.S. Green Building Council presented North Branch Construction with their Building of the Year Award for the NHARNG Field Maintenance Shop at the NH Chapter’s Virtual Annual Meeting on December 3rd.

The continued decline of big box retailers, particularly in the wake of COVID-19, has left large spaces in malls and shopping plazas vacant. In the wake of the increasing availability of spaces with large footprints, there has been a growing trend towards converting such spaces into warehousing, distribution, e-commerce, light manufacturing (i.e., assembly), and other similar uses.

It appears the current mantra of all my friend’s and clients in the hospitality industry: “ Do everything I can to survive until next May or June and hope that there is serious improvement in the fight against COVID-19 and an economy on the rise.”