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JLL Capital Markets secures $19.6 million in acquisition financing for 149,000 s/f Boston parking ga...
September 23, 2022
Boston, MA JLL Capital Markets has arranged the $19.6 million acquisition financing of 14-40 Beach St., a 500-space, 149,000 s/f parking garage. JLL worked on behalf of the borrower, Neighborhood Property Group,
Finding the next diamond in the rough - by Harry Wheeler
September 23, 2022
Post COVID, the hotel market is once again on the rise to recovery. Rates are back up to pre-pandemic levels in many markets and occupancy is soon to be there as well, once the full impact of corporate travel returns. But, while the hotel market was asleep
Marcus Partners closes $650 million fund
September 23, 2022
Boston, MA Marcus Partners completed the closing of Marcus Capital Partners Fund IV, L.P., a value-add real estate fund with commitments totaling $650 million. This exceeds both the original $500 million fundraising target and $550 million hard cap
The Stubblebine Company assists Servistar Property Owner LLC in 33,356 s/f purchase
September 23, 2022
Westfield MA James and David Stubblebine of The Stubblebine Company represented the buyer, Servistar Property Owner LLC in the recent sale of 77 Servistar Industrial Way. Mitch and Ben Bolotin of Colebrook Realty Services, Inc. represented the seller
Kelleher and Pentore of Horvath & Tremblay sell 6-unit multifamily property for $4.96 million
September 23, 2022
South Boston, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of a 873-875 East 2nd St., a six-unit apartment building. The asset sold for $4.96 million, and $827,083 per unit.
Kaplan-Weber joins Union Savings Bank as VP, business banking
September 23, 2022
Danbury, CT Union Savings Bank (USB) announces that Liz Kaplan-Weber has joined the bank as a VP, business banking officer. In her new role, Kaplan-Weber is responsible for business development, commercial lending,
Baldwin, O’Neil and Flynn of Cushman & Wakefield arranges 275,800 s/f in leases at Brickstone Sq.
September 23, 2022
Andover, MA Cushman & Wakefield has arranged 11 long-term leases totaling 275,800 s/f at Brickstone Sq., a four-building office campus located at 100, 200, 300 and 400 Brickstone Sq.
Lavelle and Litchfield of O’Brien Commercial Props. assists Wollaston Dev. in $1.5m purchase
September 23, 2022
Littleton, MA O’Brien Commercial Properties (OCP) brokered the $1.5 million sale of a five-unit building and .5 acre contractor’s yard located at 537 King St., located less than two miles
Durgin of Conway Commercial completes sale of properties in Norwell, Plymouth & Rockland, MA for $7....
September 23, 2022
Rockland, MA Paul Durgin, vice president of Conway Commercial, brokered the sale of 30 Golf Dr. in Plymouth, 133, 137, & 141 Washington St. in Norwell and 170 Pleasant St. in Rockland.
HarborOne provides $76.3 million to R.J. Kelly Co.
for acquisition of 14 property New Hampshire ...
September 23, 2022
Manchester, NH According to HarborOne Bank and R.J. Kelly Co., the bank has provided financing for R.J. Kelly’s $90 million acquisition of 14 industrial properties across Southern New Hampshire – the largest single New Hampshire acquisition in the 71-year
Villamagna and Stewart of Cronheim arranges $9 million permanent financing for Quakertown Plaza
September 23, 2022
Quakertown, PA Cronheim Mortgage has arranged $9 million in permanent financing for Quakertown Plaza, a 210,000 s/f grocery-anchored community shopping center, located in Bucks County. The loan was structured on a 20-year self-liquidating basis and was placed with one of Cronheim’s life
No relief to inventory shortage in state’s housing market according to Rhode Island Assn. of Realt...
September 23, 2022
Warwick, RI While still rising, the appreciation in Rhode Island’s median single-family home sales price continued to moderate in August according to the Rhode Island Association of Realtors. While up year-over-year by more than 20% earlier this year, the median home sale in August was $405,000,
CCIM Connecticut Chapter to hold CI101 Course on Sept. 26-29, 2022 at Goodwin University
September 23, 2022
East Hartford, CT The CCIM Connecticut Chapter will hold a CI101 Course, “Financial Analysis for Commercial Investment Real Estate,” on September 26-29 at Goodwin University. The course will be taught by Connecticut chapter past president and CCIM 2022 Instructor of the Year Stanley Gniazdowski, CCIM,
Gniazdowski awarded 2022 CCIM Institute instructor of the year
September 23, 2022
Guilford, CT The CCIM Connecticut Chapter congratulates chapter past president and is president at Realty Concepts, Inc., Stanley Gniazdowski, CCIM, CRE on receiving the CCIM Institute 2022 Robert Ward Instructor of the Year Award. This award is given to a senior instructor based on a
SIOR 2022 fall events calendar
September 23, 2022
Conn./Western Mass. chapter meetings and events: • October 13 - Member Meeting & Networking event, Essex Yacht Club, Essex, CT. • November 10 - Breakfast Panel Event, Farms Country Club, Wallingford, CT.
Conn./Western Mass. SIOR Chapter holds summer gathering
September 23, 2022
Milford, CT The Connecticut/Western Massachusetts chapter of SIOR extends a warm thanks to Frosty Smith, CCIM, SIOR, for opening up his home and hosting a networking event exclusively for CCIM Connecticut and Connecticut/Western Massachusetts chapter members and sponsors. Lots of laughs were
Angel Commercial leases 1,550 s/f to CBKC
September 23, 2022
Fairfield, CT According to Angel Commercial, LLC, Coles, Baldwin, Kaiser & Creager, LLC (CBKC) has committed to remaining at One Eliot Place,executing a lease for 1,550 s/f. CBKC LLC is a law firm specializing in corporate litigation and counseling, with offices serving both Connecticut and Massachusetts
Worth Avenue Capital provides $500,000 bridge financing for new construction of spec home
September 23, 2022
Greenwich, CT Worth Avenue Capital, LLC closed a $500,000 commercial loan to a builder for working capital purposes towards the completion of the construction of a spec home. The loan proceeds will be used to complete the interior of a home on Stanwich Rd. that will enable the builder to complete
Williams, Pugh, Colombo and Lalanne of Colliers broker 7,345 s/f lease to Albourne America at Two Ha...
September 23, 2022
Stamford, CT Colliers has secured a 7,345 s/f lease for investment advisory firm Albourne America. Colliers executive managing director Jeffrey Williams, director Hollis Pugh, senior vice president Kevin Colombo and senior associate Michaela Lalanne represented Albourne America
CATIC earns Great Place to Work Certification
September 23, 2022
Rocky Hill, CT CATIC is Great Place to Work certified for the first time. The award is based entirely on what current employees say about their experience working at CATIC. This year, 95% of employees said it’s a great place to work – 38 points higher than the average U.S. company.