Category: Owners Developers & Managers

Material shortages, loss of labor, restrictions on global travel and bottlenecked production–it seems like a fatal equation. Far from thwarted by the COVID-19 recession, supply chain disruptions throughout the pandemic have strengthened the industrial and logistics sector. The supply chain process in full is undergoing mass re-consideration,

Boston, MA Renovo Financial, a leading real estate specialty finance company focused on lending to residential rehabbers, builders, and developers, has expanded to Massachusetts and is opening an office in the city. To spearhead the market, Paul Shaughnessy has joined the firm as senior vice president. Shaughnessy joins Renovo Financial with a multi-faceted background

Woburn, MA Cummings Properties has completed the promotions of four seasoned colleagues in its construction division. Scott Crowley, Dan Linscott, Alian Lyons, and Luis Padilla recently advanced their positions at the commercial real estate firm.   Former Woburn grounds team leader Crowley has advanced to associate manager of the firm’s 2.3 million s/f portfolio in Beverly.

Chelsea, MA LAN-TEL Communications, Inc., based in Norwood, Mass., has completed security system installations at the Western Front, LLC recreational retail cannabis dispensary facility located at 121 Western Ave. The project entailed planning and installation of the security system

Burlington, VT The Vermont legislature recently sent a bill to the desk of governor Phil Scott that would regulate cannabis for adults and allow for legal commercial cultivation, processing, testing, and sales. The governor allowed the bill to become law without his signature, as well as signing separate legislation to ease the expungement process for cannabis convictions.

Holyoke, MA  Massachusetts cannabis just got more diverse. The High End is proud to be the Commonwealth’s first-ever Certified MBE and WMBE cannabis company after successfully petitioning the Cannabis Control Commission to create pathways for equitable industry access for women and people of color. The mission-driven company will continue this vital advocacy work as it establishes itself in the Northeast.

Eastham, MA Acella Construction Corp., a leader in construction management throughout greater Boston, has completed construction of Emerald Grove medical dispensary at 3 Main St.  Emerald Grove Medical Dispensary has received permits from the town to operate the combined retail and medical marijuana outlet.

As the Massachusetts cannabis industry grows, so do the real estate opportunities. Even REITs are getting their feet wet in the nascent industry! Appropriately zoned properties are necessary for cultivation, processing, and retail establishments, and cannabis entrepreneurs need knowledgeable representatives to help them navigate the complexities of purchasing or leasing a property.

Dracut, MA Vantage Builders, Inc., a general contracting, construction management and design-build firm based in Waltham, Mass., has completed the build-out of GreenStar Herbals’ first recreational cannabis dispensary. The 13,000 s/f shop, located at 76 Pleasant St., opened on October 5th. GreenStar offers a wide variety of recreational cannabis products, including flowers, tinctures, oils, salves, patches, and various edible choices.

Peabody, MA Chris Everest and Kevin Olson of Nordlund Associates, Inc. negotiated the $1.375 million sale of 2 Bourbon St., a 15,800 s/f office with land associated.  Nordlund represented the seller, PCE Co LLC. Jacob VanMeter of Re/Max 360 represented the buyer, Ideal Healthcare Systems Inc.

Scituate, MA Ellis Realty Advisors,  has completed the sale of 131 Front St.  Adam Bauer of The Business Exchange represented the buyer 131 Front Street LLC. David Ellis of Ellis Realty Advisors represented the seller, Scituate Harbor Limited Partnership. The 8,400 s/f mixed use building

Woburn, MA Medical device developer Qlibrium has relocated from a laboratory at University of Massachusetts Lowell’s Massachusetts Medical Device Development Center to 16 Tower Office Park, a Cummings Properties-managed building. The 4,700 s/f facility will house the firm’s offices