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Girolamo of Horvath & Tremblay brokers $4.394m mixed-use sale

Beverly, MA Stephen Girolamo of Horvath & Tremblay arranged the sale of 188 Cabot St. The historic property sold for $4.394 million, a per unit price of $274,672.

CVE North America and Live Oak Bank close $6.6 million debt financing for two solar projects in Acushnet, MA - totaling 4.2 megawatts

Acushnet, MA CVE North America (CVE) and Live Oak Bank (Live Oak) have closed a permanent debt financing of $6.6 million for two projects totaling 4.2 megawatts (MW). Over the last two years, CVE has partnered with Live Oak for permanent debt financing on its portfolio

Newmark completes seven leases for Drucker at 211 Congress St.

Boston, MA Newmark has completed seven leases totaling more than 30,000 s/f at 211 Congress St. in the city’s Financial District. Newmark senior managing directors Jason Cameron and Jim Brady and associate Liam O’Connor serve as exclusive leasing advisors

JLL Capital Markets completes financing for the 201-unit Center & Stone, Quincy

Quincy, MA JLL Capital Markets has arranged the construction financing for Center & Stone, a 201-unit, two-building multi-housing project with 9,500 s/f of retail space and 10,500 net s/f of amenity space.

Conrad and McEvoy of The Conrad Group handle
$4.85 million sale - sold by Longwater Realty LLC to 4M6 Resnik LLC

Norwell, MA The Conrad Group, Inc. consummated the sale of the 106 Longwater Dr. The property was sold by Longwater Realty LLC to 4M6 Resnik LLC.

Nery of Coastal Commercial Real Estate sells building

New Bedford, MA Coastal Commercial Real Estate has completed the sale of the commercial building located at 133-135 Acushnet Ave. This remodeled 27’ x 24’ free-standing stucco building

Lyman Real Estate arranges building sale to 360 Design Plus

Old Saybrook, CT Architect David Noe has purchased the property at 27 North Main St., and will be moving 360 Design Plus, his full-service architectural firm, to the new location.

MassDevelopment provides $2.55 million loan for New Gorham LLC

Lowell, MA MassDevelopment has provided a $2,550,000 loan for New Gorham LLC, owned by developer Leo Monteiro, to buy and renovate a vacant historic building at 80 Gorham St. in downtown into two units of ground-floor retail space with 12 market-rate apartments

Lerner and Brownell of Vanguard-Fine, LLC complete two new lease deals in Pittsfield, MA

Pittsfield, MA Steven Lerner and Kenneth Brownell of Vanguard-Fine, LLC recently completed two deals in town. Lerner and Brownell worked with Ted Speros of ATS Realty Corp. in brokering the five year lease

Hotel Investors have gone “Pencils Down” - by James O'Connell

Is that the sound of air flowing from a balloon? Could it be someone snoring? Maybe it’s just a big sigh of relief from analysts after they learn their underwriting workload has been cut. Hotel investors have decided to step back and wait for the dust, kicked up by the financial markets, to settle before they get back in.