Front Section
Project of the Month: DeStefano & Associates, Inc. completes design and construction of 36 apartments in former St. Joseph’s School
Haverhill, MA DeStefano & Associates, Inc. (DAI) has completed the design and construction of 36 apartments in the former St. Joseph’s School, known as the Lofts at St. Joseph. The school was built in 1888 and was active for 129 years, providing Catholic education to many families ranging from nursery school through eighth grade.Grow Associates has created a Sensory Room to benefit the people we serve, adults with developmental disabilities
Randolph, MA Sensory rooms provide a soothing space that helps individuals calm down by stimulating their senses in various ways. Sensory rooms started in the 1970s in the Netherlands, and were originally called “Snoezelen rooms.” These rooms were designedCBRE 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 executiveBulfinch’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 investmentsMcGeary 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.
