 (1).png)
News:
Owners Developers & Managers
Posted: May 9, 2013
Kinlin Grover Commercial and Quinn Associates broker $525,000 sale of motel
Nat Santoro, CCIM of Kinlin Grover Commercial and Paul D'Angelo of Quinn Associates, along with Gil Owren, broker, has sold the Spring Garden Inn, a 12 unit 4,216 s/f motel with views of Scorton Creek. The purchase price for this 9.5 acre parcel with wetlands was $525,000.
Santoro, D'Angelo and attorney Mark Boudreau of Hyannis, Mass. represented the sellers, Linda Gruberski and Jesse Hawkins. Gil Owren, a local broker, and attorney David Arons of Norwell, Mass. represented the seller, Steven Lang.
As an investment project, the new owner is planning to upgrade the property and has a management team in place to run the motel.
This transaction was particularly attractive because owner financing was arranged in order to create a win-win outcome for all parties.
MORE FROM Owners Developers & Managers
Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
Quick Hits
 (1).png)
Columns and Thought Leadership
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
August Promotion
