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CBRE arranges sale of 65-property, 7,865-key hotel portfolio located across 27 states worth $514 million

Boston, MA CBRE has arranged the sale of a 65-property, 7,865-key hotel portfolio located across 27 states. Massachusetts-based REIT, Service Properties Trust, sold the portfolio to 21 separate buyers for a total consideration of $514 million.

Erland Construction promotes four and elects a new board member

Burlington, MA Erland Construction has completed the promotion of four employees to new roles that support the continued success and growth of the firm. Matt Combs has been promoted to project executive and will be acting in this capacity for the advanced technology/life sciences group. Combs’s transition to project executive

Bulfinch’s DiOrio awarded Excellence in CRE Law 2022

Boston, MA According to The Bulfinch Companies, Inc. (Bulfinch), its managing director and general counsel, Mark DiOrio, was awarded Boston Real Estate Times’ Excellence in Commercial Real Estate Law 2022 at the 2022 Excellence Awards gala.

Benefits of exchanging into Delaware Statutory Trust properties - by Dwight Kay

There are a number of potential benefits associated with exchanging into a Delaware Statutory Trust (DST) 1031 property. However, it is important to note that these potential benefits should also always be carefully weighed with the potential risks that are possible with DST investments, and as with all real estate investments

McGeary of Northeast Private Client Group sells mixed-use property in Gardner for $2.32 million

Gardner, MA Northeast Private Client Group (NEPCG) has completed the sale of the Central St. mixed-use property. Senior associate Tim McGeary represented the seller and procured the buyers. The property sold for $2.32 million.

JLL reps. Hersha Hospitality in 164-key hotel sale

South Boston, MA JLL Capital Markets has closed the sale of Courtyard Boston South Boston, a 164-key select-service hotel.JLL represented the seller, Hersha Hospitality Trust. The sale price was not disclosed.

Gray, Gray & Gray completes 12 promotions

Canton, MA Gray, Gray & Gray, LLP has completed the promotion of 12 team members to new positions: Meghan Bay has been promoted to supervisor in the firm’s internal accounting department. She has been with the firm since 2013.

Clear the air: A guide to increased productivity and happier tenants through better IAQ

Boston, MA Before COVID-19, most people didn’t give their at-work air quality a second thought. It was an invisible problem, and easy to ignore. But times have changed. The pandemic raised awareness of virus transmission as well as the negative effects of poor indoor air quality (IAQ) on overall health and longevity.

NAI Glickman Kovago represents Harrell’s in 24,000 s/f lease renewal

Auburn, MA Harrell’s has signed a lease renewal to occupy 24,000 s/f of warehouse space at 19 Technology Dr. Harrell’s will use the property as a distribution facility for their business in New England. Harrell’s was represented by NAI Glickman Kovago & Jacobs principal, James Glickman, and vice presidents, Cody Miner and Nolan Ryan.

Kelleher & Sadowsky represents seller in $19.9 million sale of Westboro Executive Park

Westborough, MA Westboro Executive Park, a three-building class A office park totaling 217,288 s/f, located at 110, 112, and 114 Turnpike Rd.