The Boston and Cambridge (city) lodging market, both pre- and post-COVID, remains one of the most vibrant and dynamic in the United States. As of year-end 2024, according to STR, the Boston MSA ranked 5
th highest in occupancy and 3
rd highest in ADR among the top 25 markets. Only two top 25 markets, New York and Oahu Island (HI)
Beverly, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of The Beverly Crossing portfolio, a four-property, 394-unit apartment portfolio with 26,038 s/f of retail space. The sale price was not disclosed.
Montville, CT Worth Avenue Capital, LLC (WAC) has funded a $500,000 follow on construction loan to a Connecticut-based real estate developer. The borrower is one of WAC’s many multiple repeat borrowers who has partnered with WAC on numerous development projects over the last several years.
Braintree, MA Norfolk Multifamily is pleased to announce that Chris Alexander has joined the team as Senior Construction Manager. In his new role, Alexander will lead the multifamily team to expand and enhance their turnkey installation service
North Conway, NH Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay have completed the sale of Tractor Supply Company. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $8 million.
Winthrop, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Shore Drive Apartments, a 71-unit multifamily property, for $10.75 million.
Haverhill, MA The Procopio Companies (Procopio), has launched preleasing for The Beck, a premier mixed-use multifamily development. The 290-unit community is set to welcome its first residents in March. Located adjacent to the Bradford MBTA commuter rail station, The Beck offers a selection
Pembroke, MA Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty was the key speaker at the South Shore Association of Realtors annual Commercial Real Estate Connections Conference on December 10. The full day event was held at the South Shore
Lowell, MA Vantage Builders, Inc., a commercial contractor specializing in pre-construction, construction management and design-build services, has announced the completion of a state-of-the-art simulation and skills laboratory for Middlesex
Wellesley, MA Richard Pilla and Brendan Coan of Paramount Partners have completed the sale of 40 Central St. The property consists of 1,800 s/f on two levels and is currently leased to Douglas Elliman for the operation of a residential real estate
