The hospitality market in 2023 is a mixed bag. For the traveler, the experience is amazing. Hotels have reopened and restaurants are bustling, with business back in full force to compensate for the economic downturn due to the pandemic. However, hotel developers face a situation that is less promising, with deals becoming increasingly difficult to pencil.
Franklin, MA R.W. Holmes has negotiated a new 21,843 s/f industrial lease for its client NEFAB Packaging. NEFAB, a global industrial packaging provider that offers packaging solutions and logistics
Milford, CT Northeast Private Client Group (NEPCG) has completed the sale of a medical building located at 2080 Bridgeport Ave. The property was presented by senior associates, Rich Edwards and Jeff Wright, who represented the seller and procured the buyer.
Boston, MA According to Skanska USA Commercial Development, its Longwood Place project, a proposed 1.7 million s/f mixed-use development that will bring new life science, office, housing, retail, community space, and public realm improvements to the Longwood Medical Area (LMA), has received official zoning approval of its Planned Development Area (PDA)
Boston, MA Ralph Aucella and Chaouki Albarnougui have joined Keliher Real Estate. Founded in 1985 and located at 251 Newbury St., the firm is one of the oldest-operating boutique brokerages in the city.
Taunton, MA Mott & Chace Sotheby’s International Realty has negotaited the sale of 160 Highland St. for $839,000. The sellers were represented by Stephen Antoni of Mott & Chace Sotheby’s International Realty.
Wareham, MA Commercial Realty Advisors, Inc. has completed the sale of 261 Main St. The property, listed by Kevin Pepe, managing director of Commercial Realty Advisors, was sold for $400,000 to 261 Wareham LLC.
Lowell, MA Northeast Private Client Group (NEPCG) has completed the sale of Willard Street Apartments. Senior associates Francis Saenz, Drew Kirkland, Jim Casey, Brad Carlson, and associate Brett Curtis represented the seller and procured the buyer for the $12.85 million transaction.
Braintree, MA RISE, a Boston-based minority owned, vertically integrated development and construction management firm, has retained the development rights to the Banner Park campus, a 123-acre site fully permitted for a major film production studio. With key access to I-93 and local filming locations
Braintree, MA According to Peabody Resident Services, Inc. (PRSI), an affiliate of the Peabody Companies, a group of award-winning property management and real estate firms, Misty Pisani has been named as director of resident and community programs.
