Category: Owners Developers & Managers

Boston, MA The International Brotherhood of Electrical Workers (IBEW) Local 103 donated hundreds of new toys to the 7th Annual Friends of Mayor Martin J. Walsh Holiday Toy Drive,

Cambridge, MA The Bulfinch Companies, Inc., a Boston-based private, real estate investment, development and management firm, has completed the sale and recapitalization of Cambridge Discovery Park (CDP) to Healthpeak Properties, Inc., a fully integrated healthcare focused real estate investment trust.

Agawam, MA Tom Boyle and Steve Pappas of the Hartford offices of investment broker Chozick Realty Inc., have facilitated the $9.25 million sale of the Elizabeth Manor and Imperial Apartments, located in Agawam and West Springfield, Mass., respectively. 

Bridgeport, CT JLL Capital Markets has arranged a $68 million construction loan for Canfield Park at Fairfield Metro, a 300-unit luxury multi-housing property in the Black Rock neighborhood of the city.  JLL worked on behalf of the borrowers, a joint partnership between Spinnaker Real Estate Partners, LLC and Eastpointe, LLC, to secure the loan through Sculptor Real Estate.

Worcester, MA Kelleher & Sadowsky Associates, Inc. completed the signing of a multi-year lease at 135 Gold Star Blvd. by Seven Hills Foundation (Seven Hills). Kelleher & Sadowsky’s John McKinley and Paul Matt represented the lessee, Seven Hills. William Kelleher IV and Brian Johnson represented K & L Realty, the lessor.  

It's time to get creative, especially about Faneuil Hall Marketplace. Too long sitting drearily in the middle of Boston, it is especially ripe for when the city becomes whole again, after the pandemic recedes.  Just to boost your memory: Faneuil Hall Marketplace consists of three granite market buildings constructed in the 1820s

>Worcester, MA David and James Stubblebine, principals of The Stubblebine Company, and David Skinner, senior advisor, represented Millbrook Property Owner, LLC in the 98,782 s/f lease at 53 Millbrook St. They also directly procured the tenant, Polar Beverages. 

Stoughton, MA The Conrad Group consummated the sale of 1644 Turnpike St. for 1644 Turnpike Street, LLC.  The three-story, 17,627 s/f office building is strategically located ¼ of a mile from Rte. 24, at the intersection of Rte. 24 and Turnpike St. It has excellent visibility and offers excellent office space.

Beverly, MA Stephen Girolamo of Horvath & Tremblay has arranged the sales of two apartment buildings consisting of 12 units for $2.597 million. 42 Beckford St. sold for $1.29 million ($215,000 per unit) and 26-28 Railroad Ave. sold for $1.307 million  ($217,833 per unit). 

Guilford, CT According to the Financial Times, the capital markets are awash in money looking for access to private lending. Michael Mackenzie and Eric Platt reported in October 2020 that there are 520 asset managers, including blue-bloods like Goldman Sachs

Marshfield, MA According to Mill Creek Residential, a leading multifamily developer and operator specializing in premier apartment communities across the U.S., leasing is underway at two new communities, Modera Framingham and Modera Marshfield. Modera Framingham, which features 270 apartment homes, is located in the Central Business District, in the MetroWest Region.

Northampton, MA MassDevelopment has completed the sale of a 23.37-acre parcel at Lot 1, Olander Dr. in Village Hill to North Commons at Village Hill, LLC, an affiliate of The Community Builders (TCB), which will build a 53-unit mixed-income multifamily housing facility on the parcel.