Category: Owners Developers & Managers

Boston, MA The Real Estate Roundtable’s 24-member board of directors has approved John Fish (CEO and chairman at Suffolk) as the organization’s chair-elect, to begin his term as chairman of the Roundtable in mid-2021.

Cambridge, MA David and James Stubblebine, principals of The Stubblebine Company/CORFAC International, sold 67 Smith Place in the Alewife neighborhood, to Cabot Cabot & Forbes (CC&F) for $49.6 million.  The 4.4 acre parcel consists of three industrial buildings

Woburn, MA Full-service commercial real estate firm Cummings Properties has appointed Susan White as its director of sales. White will manage the company’s business development efforts across 10 of the 11 suburban communities in which it operates. In addition to leading a six-member team, White will formulate leasing strategy, foster industry relationships, and spearhead new lease negotiations. White’s professional background includes founding a hardware technology company, growing it over 25 years, and leading it through a successful acquisition.

In with the Internet, out with the stores? To be or not to be, physical stores are in question. Or in other words, in a post-COVID era, how will consumers behave? Have we now adapted completely to online shopping that it will be the default behavior or will there be a return to pre-COVID days where people mingle together with friends and family in physical stores to enjoy an old fashioned shopping experience? And, if so, where?

Wareham, MA Newman Properties’ affiliate South Shore Apartments, LLC, has purchased a portfolio of seven buildings in Onset and Wareham. The total price for the package was $8.282 million. Financing was done through Norwood Bank. The portfolio consists of a total of 70 units, of the 70 units 58 are apartments that consist of a mix of studios, one-bedrooms, two-bedrooms, and one three-bedroom apartment. The other 12 units consist of commercial and office suites. 

Waltham, MA Marcus & Millichap completed the sale of two apartment buildings for a total of $5.125 million. 30A Amory Rd., an 11 unit apartment building sold for $2.8 million while 266-274 River St., a 10 unit apartment building sold for $2.325 million. Evan Griffith,

On September 1st, 2020, the Centers for Disease Control and Prevention (CDC) issued an Order under the Public Health Service Act Section 361 to temporarily halt residential evictions nationwide through December 31st, 2020, to prevent the further spread of COVID-19. Under the order, a landlord, residential property owner, or other person with a legal right to pursue eviction action, cannot evict any tenant, lessee, or resident of a residential property from the property.

Salem, MA Sean Riley, president and CEO of Maine Course Hospitality Group was on hand for the opening of the new 113 room Hampton by Hilton in downtown, on the corner of Dodge Ct. and Washington Ave. The project includes a 7,000 s/f restaurant/retail space and 56 apartments adjacent to the hotel.

Middletown, RI Hogan Associates completed the sale of 296 Tuckerman Ave. for $3.75 million. It was the town’s second highest sale of the year. Barbara O’Reilly of Hogan Associates represented the buyers who searched for three years before finding the perfect place. The airy, open, 4,700 s/f home includes five bedrooms and six and one half baths.

East Boston, MA Marcus & Millichap  completed the sale of 88-90 Bremen St. and 256-260 Bremen St., a 15 unit apartment building portfolio. The asset sold for $5.41 million. Evan Griffith, first vice president investments, and Tony Pepdjonovic, first vice president investments,

Beverly, MA Stephen Girolamo of Horvath & Tremblay has completed the sale of a 24-unit apartment complex. Girolamo facilitated the transaction at a sale price of $6.5 million and $270,833 per unit. 614 Cabot St., constructed in 1968, is a brick apartment complex

Newington, NH Cushman & Wakefield has arranged a 50,000 s/f long-term lease at 90 Arboretum Dr., New England’s first mass timber commercial office building. The Cushman & Wakefield team of Denis Dancoes, Thomas Farrelly, and Sue Ann Johnson