Category: Front Section

Lynn, MA MassDevelopment has issued a $7.52 million tax-exempt bond on behalf of Catalyst Housing LLC, an affiliate of Harborlight Homes and The Haven Project. The organizations will use bond proceeds to buy the upper floors of 57-65 Munroe St. – a 12,983 s/f condo within a historic commercial building – and renovate them to create 24 affordable, service-enriched studio apartments

As I review my 1099 before filing my 2023 tax returns, all I can say is “I’m glad THAT’s over!” The hotel transaction markets for those 12 months and the first half of 2024 were the worst in memory. The good news is that after 18 months of bouncing along the bottom like a lead weight on a Cod Jig, we are experiencing an upsurge in activity and have started to reel in some deals.

Independent real estate investors seem to be taking it from all sides these days. Not only are interest rates, property taxes, and construction costs up significantly from just a few years ago, but also more and more legislation continues to be introduced, making the management of real estate (especially single family rentals and apartment buildings) more difficult, expensive, and heavily regulated.

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.

Boston, MA Freudenheim Partners has completed two lease transactions on behalf of MASSPIRG and Green Century Capital Management in downtown. Freudenheim Partners’ Chris Rogers and Ellie Cullinan represented both tenants.

Woburn, MA Dowd Medical Pediatrics has leased 5,600 s/f in Cummings Properties’ medical cluster. The practice will relocate this winter, traveling a mile and a half from its current office in Reading to 444 Washington St.

Easton, MA North Easton Savings Bank has been the #1 partner of the Massachusetts Capital Access Program (Mass CAP) since joining the program in 2010. The Mass CAP program helps fill the funding gap between traditional small business lending and the SBA’s 7A small business lending program, allowing participating banks more flexibility in assuming some additional risk without a lot of red tape.

Ayer, MA According to Cushman & Wakefield, CELLTREAT Scientific Products has signed a 113,382 s/f headquarters lease at 3 Nemco Way. CELLTREAT Scientific Products is a laboratory equipment supplier dedicated to manufacturing unique, high-quality laboratory plastic consumables at significant savings.

Watertown, MA The Davis Companies (Davis) and Boston Development Group (BDG) have entered into lease agreements with life sciences firms LifeMine Therapeutics and a new stealth mode biotech (NewCo) at 66 Galen St., a purpose-built class A life science building owned in a joint venture between Davis and BDG. The new tenants will occupy more than half of the leasable space at 66 Galen.

Methuen, MA There is an exciting opportunity to lease or purchase a modern newly constructed 147,840 s/f industrial project in Methuen, Massachusetts. Patriot Holdings and Circle G Construction have developed a state-of-the-art warehouse strategically positioned at the intersection of I-495 and Highway 213, with nearby access to both Highway 113 and I-93.

Bedford, NH SVN The Masiello Group, a leader in Northern New England real estate since 1966, has appointed Brian Dano as its new managing director. With a proven track record as a top performing broker and a strong

Manchester, NH Brady Sullivan Properties celebrated its 44^th residential development this summer with the grand opening of 1230 Elm St. on Tuesday, September 17, 2024. Originally built in 1973, 1230 Elm St. was used to house companies such as Metropolitan Life Insurance and New England Telephone and Telegraph.