News: Owners Developers & Managers

Nicoletti, Clancy/CBRE complete two leases for Normandy totaling 26,266 s/f

Normandy Real Estate Partners completed two lease transactions totaling more than 26,000 s/f at Dedham Place, 3 Allied Dr.  In the first transaction, Metatomix, Inc., a leading provider of semantic solutions to financial services, justice, manufacturing and life sciences organizations, signed a new lease for 12,130 s/f. Metatomix represented by Ty Janney of C&W, will relocate from Waltham. In the second transaction, Open Channel Solutions (OCS), a leading global provider of software subscription and e-business management solutions that enable software-as-a-service, signed a lease for 14,136 s/f. OCS, represented by Taryn Wilson and Lance Carlton of Grubb & Ellis, will relocate its operation from Norwood.James Nicoletti and Steven Clancy, both executive vice presidents/partners of CB Richard Ellis/New England, represented Normandy in both transactions. "These two leases are perfect examples of companies looking for a building that possesses the level of amenities and accessibility that Dedham Placeoffers. The demand for a quality building such as Dedham Place is growing, especially given the low vacancy along the Route 128 corridor," says Raymond Trevisan, a principal in Normandy who oversees the firm's leasing activities. Nicoletti said demand for space along Rte. 128 is strong. "With prices rising, companies want to know they are getting a quality product for their investment. "Dedham Place offers both the convenience of Rte. 128 as well as the amenities companies are looking for."  
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New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.