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Horvath, Tremblay and Hare of Horvath & Tremblay brokers
$10.324 million sale of CVS store in Spencer, MA
Spencer, MA Bob Horvath, Todd Tremblay and Hobart Hare of Horvath & Tremblay have completed the sale of a CVS. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $10.324 millionCapital gap for business owners of color in the CRE sector - by Colleen Fonseca
The widening capital gap for business owners of color, particularly those involved in commercial real estate, is evident in the disparities in loan approval rates and is a pressing issue that continues to worsen. According to a report by the Federal Reserve, minority-owned businesses – including those in real estate and construction – face higher denial rates for loans, as high as 20% at times,MountainOne Insurance Agency acquires G.W. Morisi Insurance Agency, Inc.
Longmeadow, MA MountainOne Insurance Agency, a subsidiary of MountainOne Bank, has acquired G.W. Morisi Insurance Agency, Inc., a third generation, family-owned agency that has served the local communities for more than 75 years.Sweeney and Rouse of Sweeney Real Estate & Appraisal arrange 3,723 s/f lease to GE
East Greenwich, RI Thomas Sweeney, SIOR and Christina Rouse of Sweeney Real Estate & Appraisal represented the landlords of 42 Ladd St., the Greenwich Mills located on the Warwick/East Greenwich town line in the lease agreement with GE Renewables US LLC. GE will occupy 3,723s/f of office space on the second floor of Building 2Three 1031 Exchange investment options - by Dwight Kay
It’s both an exciting time and a very trying time when an investor sells a property and wants to defer taxes in a 1031 Exchange. A 1031 Exchange is when an investor sells a property that was held for business or investment use and then exchanges into another property of equal or greater value in an effort to defer taxes.Capital Group Properties receives approval for 67,500 s/f industrial building
Leominster, MA Capital Group Properties has received full site plan approval for a proposed 67,500 s/f industrial building to be located at 21 Jungle Rd. Capital Group Properties anticipates delivery late in the fourth quarter of 2024. The planning board approved the site plan
Ogasapian and Sampson of R.W. Holmes arrange three building sales
Burlington, MA R.W. Holmes has recently negotiated multiple sales transactions. Highline Construction purchased the 5,870 s/f industrial/flex building at 215 Middlesex Tpke., for $1.82 million. The property was sold by Hamel & McAlister.
Donnelly of The Boulos Company brokers sale of 77-room hotel to Kebo Street Properties
Bar Harbor, ME Local investor group, Kebo Street Properties LLC, purchased the former Port Inn/Quality Inn and Suites from Giri Bar Harbor, Inc. for an undisclosed price. In addition to the 77-room, limited-service hotel, the sale includes a 2,101 s/f single-family home
Maynard-Pimentel named recipient of Dacon’s Founders Scholarship
Boston, MA Wentworth Institute of Technology has selected William Maynard-Pimentel, a sophomore in the construction management program, as the winner of Dacon’s Founders Scholarship honoring company founders Richard Kuchinsky, Dennis Leahy, Ron Gagnon and Patricia Canelli.
