News + Press

Somerville, MA – May 15, 2018  – A joint venture of Cresset Development and Novaya Real Estate Ventures on Tuesday will pitch its 1.5 million-square-foot mixed-use project in Somerville, dubbed “Xmbly,” to the city’s planning board. Xmbly is planned on a 9.4-acre parcel between Interstate 93 and the Assembly Row and Assembly Square developments owned…

Boston, MA – May 1, 2018 – NKF Capital Markets has completed the sale of Blue Hills Medical Center in Braintree, Massachusetts to Novaya Real Estate Ventures for $11.55 million. On behalf of Jumbo Capital Management, NKF Capital Markets Executive Managing Director Frank Nelson and Managing Director Michael Greeley of the Boston office, which is…

Logan Township, NJ – April 6, 2018 – Novaya Foxfield Industrial LLC (Foxfield) announces the acquisition of a three-building light industrial portfolio, totaling 193,000 SF, for $8,500,000. The buildings are located at 603 Heron Drive, 614 Heron Drive, and 1 Killdeer Court and within the Pureland master-planned industrial park. The portfolio features suites ranging from…

Boston, MA – March 15, 2018 – As Greater Boston’s industrial fundamentals continue to strengthen to unprecedented levels, interest from institutional capital community has remained strong and attracted “new to market” investors. JLL’s Capital Markets experts recently announced the firm completed the sale of a pair of first-class distribution centers on behalf of Boston-based Novaya Real…

Boston, MA – January 2018 – Novaya Real Estate Ventures recently purchased 36 Executive Drive, a 215,000 square foot warehouse building in Hudson, New Hampshire for $9,500,000.  This Class A, high-bay warehouse is located in Sagamore Industrial Park on Route 3 and is only three miles from Massachusetts. In addition, the property will be available…

Boston, MA – January 10, 2018 – Cresset Development and Novaya Real Estate Ventures completed the purchase of the office building located at 5 Middlesex Avenue in Assembly Square, Somerville, Massachusetts for $35,000,000.  The 162,804 square foot office building is located within the Assembly Square Mixed Used District and has direct MBTA access to the…

Mount Laurel, NJ — HFF has arranged $9.5 million in combined acquisition financing for three industrial facility totaling 254,496 square feet in Mount Laurel, a suburb 20 miles east of Philadelphia. The borrower is Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures. Mike Pagniucci and Ryan Ade of HFF arranged the…

Franklin, MA – Transwestern Consulting Group (TCG) brokered the $6.4 million sale of 130 Constitution Blvd. in Franklin, Ma, on behalf of Novaya Real Estate Ventures. The 59,970-square-foot industrial building was purchased by Albert Milstein, Barry Kirschenbaum and Sanford Bokor. TCG Partners John Lashar and Chris Skeffington, along with Vice President Roy Sandeman, represented the…

Boston, MA – Urban Meritage has acquired a 7-story Newbury Street office and retail building for $26 million, bringing its portfolio of holdings in the Back Bay shopping mecca up to 15 buildings. Coffee bar Nespresso anchors the ground-floor retail space. The building’s 11,200 square feet of office space is fully leased, said Mike Jammen,…