New England hotel recovery gaining momentum - by Jim Luchars

In New England and across the country, hotel demand was extremely strong in March, April and May. Nationally, booked room nights were up 17.5% from the same period in 2021 and occupancy up 13.9% according to Smith Travel Research (STR).

Johnston and Bartholomew of R.W. Holmes handle 13,650 s/f lease

Southborough, MA R.W. Holmes Realty negotiated a new 13,650 s/f office lease to healthcare employment agency Arbor Associates. Arbor Associates will occupy 13,650 s/f of office space at 225 Turnpike Rd.

Griffith Pepdjonovic Group of Marcus & Millichap broker $4m sale

Boston, MA Marcus & Millichap completed the sale of 116-122 Prince St., an 8-unit apartment property located in the city’s historic North End neighborhood, according to Thomas Shihadeh, regional manager of the firm’s Boston office.

Burger of Kinlin Grover/Compass Real Estate earns NAR Pricing Strategy Advisor certification

Orleans, MA Matthew Burger, an agent with Kinlin Grover/Compass Real Estate, earned the Pricing Strategy Advisor (PSA) certification from the National Association of Realtors.

Klein and Lyman of Marcus & Millichap handle $3.75 million sale of 54,845 s/f industrial property

Auburn, MA Marcus & Millichap completed the sale of 17 Saint Mark St., a 54,845 s/f industrial property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3.75 million. Harrison Klein and Mark Lyman, investment specialists of The Klein Group

JLL works with Oliver St. Capital and Bain Capital on $10.63 million financing for 55,325 s/f industrial property

Lowell, MA JLL Capital Markets has arranged $10.63 million in acquisition financing for a 55,325 s/f, vacant industrial asset at 160 Industrial Ave. JLL worked on behalf of the borrower, a partnership between Oliver Street Capital

Bongiorni of SR Commercial Realty brokers $2.15m sale of 55 Emery St. and 6 Liberty St. in Springfield, MA

Springfield, MA Paul Bongiorni of SR Commercial Realty brokered the sale of a 100,000 s/f industrial site in downtown. 55 Emery St. and 6 Liberty St., known as the National Needle Building and Kittredge Building

Cummings Foundation names recipients of the $25 Million Grant Program for Greater Boston nonprofits

Boston, MA Scores of Massachusetts nonprofits are celebrating significant new grants through the annual Cummings $25 Million Grant Program. Emails proclaiming “You got it!” recently arrived at 140 charities

Waldman of Waldman Associates works with Peterson and Bonica of Eastern Retail on $3 million sale

Canton, MA For many years 225 Turnpike St. was Bay State School of Technology. When the owner decided to retire and end a long history of teaching and training mechanics, he sold the building to a family friend. Dan Waldman of Waldman Associates was called in to lease or sell

Mott & Chace Sotheby’s International Realty arranges two sales in North Kingstown, RI totaling $5.15 million

North Kingstown, RI Mott & Chace Sotheby’s International Realty has completed two top sales in Wickford Point. Currently the top firm by sales volume in North Kingstown, agents of Mott & Chace Sotheby’s International Realty have represented seven clients in