Quincy and South Shore Massachusetts Commercial Real Estate Blog

Akelius Buys 56-Unit Apt. Complex in Boston’s Back Bay
Akelius, a Swedish real estate investor, closed on its 12th investment in Boston with the purchase of the 56-unit apartment complex at 12 Commonwealth Ave. in Boston's Back Bay for $33.5 million, or approximately $598,000 per unit. The building is primarily comprised...

Piaggio Fast Forward Leases Additional 14,000 SF at RS 56 in Boston
Piaggio Fast Forward (PFF), founded in 2015 by the Piaggio Group, Europe’s leading manufacturer of light vehicles, has increased its footprint with an additional 14,000 square feet at 52 Roland St. in Charlestown, MA. Paradigm Properties purchased the three-building,...

CoStar’s People of Note (Oct. 20) – Starwood, Castle Lanterra Make Additions to C-Suite, Grocery REIT Hires Regional VP…
img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;}The following companies announced personnel moves this week:...

Valencia Realty Capital Appoints New Director of Transactions
Valencia Realty Capital, a Boston-based firm that provides capital to independent commercial real estate investors and developers, has hired Alex Riccio to serve as its new director of transactions. In his new role, Riccio will be responsible for asset underwriting...

Campanelli/Trigate Completes $28.4 Million Sale of Heritage Point in Quincy
Heritage Point, a six-story, 160,912-square-foot office building located at 108 Myrtle St. in Quincy, MA, has been acquired by Grander Capital Partners and North Colony Asset Management for $28.35 million, or approximately $165 per square foot. The Class A building is...

Valencia Realty Capital Acquires New Director of Transactions
Valencia Realty Capital, a Boston-based firm that provides capital to independent commercial real estate investors and developers, has hired Alex Riccio to serve as its new director of transactions. In his new role, Riccio will be responsible for asset underwriting...

Distinctive Hospitality Group Refinances 623-Room Boston Hotel Portfolio
Distinctive Hospitality Group (DHG), a Natick, MA-based integrated hotel ownership and management company launched by Lou Carrier in 2010, has refinanced a three-property hotel portfolio totaling 623 rooms in the Boston suburbs of Natick and Somerville, MA. The...

R.J. Kelly Sells Fully-Leased Burlington Square Shopping Center
R.J. Kelly Co. has sold The Shops at Mall Road in Burlington, MA to a private equity fund managed by Crow Holding Capital Partners. The Shops at Mall Road is a fully leased 31,623-square-foot shopping center home to Catherines, Cycl3, Duluth Trading Co., Supercuts,...

148-Unit Metheun Apt. Complex Fetches $23.3 Million
Newton, MA-based Sawyer Realty Holdings completed a deal with JRG Realty Holdings to acquire the 148-unit Colonial Village community in Metheun, MA for $23.3 million, or about $157,000per unit. Colonial Village consists of six three-story garden-style apartments...

JRK Property Holdings Picks Up Residences at Tewskbury Commons
JRK Property Holdings, a Los Angeles-based real estate investment firm, has purchased the Residences at Tewksbury Commons in Tewksbury, MA from The DSF Group. Terms of the deal were not disclosed. The 245-unit apartment complex consists of one five-story mid-rise...
Header Photo Credit: James L. Woodward