Boston & New England

Boston’s 727,000-square-foot John W. McCormack Building is among 26 federal properties being considered for sale nationally, the Public Buildings Reform Board said last week. The Boston Business Journal reported that the property, which houses the Environmental Protection Agency and U.S. Bankruptcy Court among other tenants, is a property that could be repurposed, similar to about …

Time Equities, Inc. (TEI) has acquired 230 Congress St. in Boston for $32.5 million. The 151,163-square-foot Art Deco building in the Financial District represents New York-based TEI’s first Boston office acquisition, its third asset in the Boston market and its fifth acquisition in the state. “Boston is a market we’ve continued to target, and 230 Congress St. …

The Massachusetts House of Representatives has voted to approve a bill that would allow churches, synagogues and other religious institutions to build housing on their property. Known as Yes in God’s Back Yard (YIGBY), the measure passed as part of a $561-million economic development and competitiveness bond bill. It needs to be approved by the …

After its closure in May, the campus of Anna Maria College in Paxton, MA has been listed for sale, with Worcester-based Kelleher & Sadowsky Associates selected as the property’s listing broker, the Worcester Business Journal reported. Located at 50 Sunset Ln., the campus spans more than 260 acres and could support several future uses, said Will Kelleher IV, …

Related Beal, Related Affordable, The Commonwealth of Massachusetts and MassHousing announced a complete upgrade and renovation of the Loring Towers affordable housing community built in Salem in 1974. With financing secured, Related will begin a comprehensive, multi-phased renovation of the 250-unit property in August, extending long-term affordability to 2056. The $38-million renovation, expected to be completed by 2028, …

Coworking operator Workbar will open a 10,000-square-foot new location in Somerville’s Union Square, within the new USQ mixed-use development adjacent to the Union Square MBTA station. Housed in the Prospect Union Square residential tower at 50 Prospect St., the company will be the second commercial tenant signed to Magellan Development’s USQ project. Founded in 2009, Workbar established itself through …

JLL’s Hotels & Hospitality Group finalized the sale of The Centennial Hotel, a 32-room Victorian-era boutique hotel located at 96 Pleasant St.t in downtown Concord, New Hampshire’s capital city. Senior managing director Alan Suzuki represented the seller, Sparta Properties, with John Linell serving as JLL’s New Hampshire broker of record for the transaction. Lord Hotels acquired …

Easthampton, MA-based Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, and TruNorth Bank, has entered into a merger agreement to acquire Primary Bank, a publicly traded commercial bank based in Bedford, NH. Hometown Financial’s ninth M&A deal in the past 10 years, the Primary Bank acquisition will expand its presence in southern New …