Category: Owners Developers & Managers

Boston, MA On Tuesday, October 21st BOMA Boston held a timely CRE Market Update where John Affleck, vice president of market analytics, with Co-Star provided an overview of what is happening in the office space locally and regionally. Shawn Carroll, vice president, CBRE, BOMA Boston’s 2020 president then facilitated a discussion with industry leaders who shared what is happening in their different sectors and their views on the Boston CRE market currently and forecasting what is to come during these unexpected times

This year may look a little different with COVID-19. The Boston chapter of IREM has been busy servicing our members during these hard times. Congratulation to the newly installed members and their companies. For over 85 years, our members have made us the world’s strongest voice for all things real estate management. Today, we’re growing and strengthening the IREM community. When one IREM member succeeds, we all succeed.

Some of us may think that the pandemic has required us to put aside the future and focus on the present, however, our use of remote technology may have developed a future plan for participation.  As I look back on 2020, we were and continue to establish a plan for the future… it’s just hard to see it as it is unfolding.

Boston, MA This year’s IFMA Boston Giving Thanks Giving Back Gala is going virtual with an online silent auction, big prize raffle and culminating reveal event on November 19th to raise funds for their scholarship fund. The online auction will include 2021 sports tickets, DIY gift certificates, sporting goods, restaurant gift cards, home office equipment, AV/stereo equipment, artwork and so much more!

Planning and updating your commercial property or your downtown is timely. We are in a stable economy and in spite of Amazon’s Treasure Trucks and the growth of e-commerce, the majority of shoppers prefer to shop in physical stores.

Hartford, CT Dave Carswell, managing director of Largo’s Manhattan office, arranged $18 million in CMBS financing for two multifamily portfolios. Carswell secured $8.2 million for the first portfolio consisting of seven properties. The non-recourse, 10-year mortgage

Auburn, MA NAI Glickman Kovago & Jacobs facilitated the sale of the 53 site, age restricted investment property at 47 Washington St. David Eldredge, NAI Glickman’s vice president, represented the seller, WP LLC. Michael Jacobs, NAI Glickman’s

Milford, MA Marcus & Millichap completed the sale of Hill Medical Offices, a 39,424 s/f office property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $4.3 million. Adam Cohen and Harrison Klein

Brighton, MA Cornerstone Realty Capital recently arranged $5.2 million for the acquisition and renovation of three residential properties in the Allston and Brighton neighborhoods of Boston. Combined, the three properties feature a total of 12 units with a unit mix of four two-bedroom units,

All applications for licenses to operate Massachusetts adult-use marijuana establishments and medical marijuana treatment centers (establishments) must comply with the Cannabis Control Commission’s (the commission) energy efficiency, environmental, and reporting standards set

Beverly, MA On the heels of the sale of the retail complex known as Applebrook Plaza in Leominster, Mass., Jay Goldberg of Spire Investments completed the purchases of three properties in Massachusetts, Maine, and Rhode Island, totaling $4.73 million.  The most recent of Spire Investments’ latest string of purchases

Burlington, MA Azzur Cleanrooms on Demand (COD), an Azzur Group company, leased a 50,000 s/f single story free-standing office/flex building located at 60 Blanchard Rd. The property is located across from Lahey Clinic with direct frontage and visibility on Rte. 128/95. Purchased in 2019 by the Nordblom Company, the building will undergo interior renovation, and exterior upgrades.