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Optimum Hotel completes $1.4 million sale of Spencer Suites for Aurora Bank

Optimum Hotel Brokerage has closed on the bank REO sale of the Spencer Suites (former Clarion Suites) for $1.4 million. Joseph McCann, Optim...

Abbey Road Back Bay, LLC sells 131 Newbury Street and 569 Boylston Street for $12 million

Abbey Road Back Bay, LLC, an entity formed and managed by Abbey Road Advisors, completed the sale of two Boston buildings at 131 Newbury St....

Becker and Doorakian of NAI Hunneman arrange 4,800 s/f office lease

NAI Hunneman has negotiated a new 4,800 s/f, 10-year office lease to Granite Point Capital at 109 State St., an entirely re-modeled and rest...

McKinnon of The Grossman Companies, Inc. brokers 3,554 s/f lease renewal

Galileo Press, a leading publisher of books for SAP, design and IT/computing professionals, has renewed its lease for 3,554 s/f for its U.S....

Petz, Ashe and Hatton of Richards Barry Joyce & Partners, LLC to market Boston Young Men's Christian Union's 48 Boylston Street

Richards Barry Joyce & Partners, LLC (RBJ&P) was hired by the Boston Young Men's Christian Union (BYMCU) to provide capital markets advisory...

Roy joins Grubb & Ellis Company as vice president, office group in Boston

Grubb & Ellis Company has hired Jeremy Roy as vice president, office group. He will focus on tenant and landlord representation in the downt...

Colliers International enters correspondent agreement with Redwood

Colliers International's Capital Markets group has entered into a correspondent agreement with Redwood Commercial Mortgage Corp. "We are ex...

Scafati of Press/Cuozzo Commercial Services handles 7,000 s/f lease

According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Albert Scafati, senior commercial advisor, has leased 7,000...

Cummings Properties appoints Carlson as leasing director

Cummings Properties has appointed Boston resident Lars Carlson to the position of leasing director. Carlson has assumed a newly added positi...

International travel and the hospitality industry - Change needs to start

Hotels are more than just commercial real estate. Every hotel is a "going concern", which means its value is affected as much by the local c...