Since our inception, Cove Capital has taken a contrarian approach to real estate investing in that we believe today’s current macroeconomic picture does not bode well for investors who are pushing for increased returns with the use of leverage. Cove Capital believes that by investing in non-leveraged real estate offerings and avoiding those asset classes that have higher risk profiles,
Dudley, MA 245 West Main Street Properties LLC has sold its 19,130 s/f flex/industrial property located at 3 Foshay Rd., to Venture Community Services for $2.6 million. Principal James Glickman, and vice presidents James Keogh and Cody Miner of NAI Glickman Kovago & Jacobs
Portsmouth, RI Mott & Chace Sotheby’s International Realty finalized the sale of 483 Vanderbilt Ln., for $4.95 million. The sellers were represented by Kylie McCollough and the buyers were represented by Nicole Carstensen, both sales associates of Mott & Chace Sotheby’s International Realty.
Pawtucket, RI According to Peyser Real Estate Group, financing has closed for Dexter St. Commons, a mixed-use development in the city’s Conant Thread neighborhood. Peyser Real Estate Group is the developer and co-sponsor of this project. Peyser Real Estate Group received over $30 million
Maynard, MA MassDevelopment has partnered with Clinton Savings Bank to provide $3 million in loan financing to Maynard Bancroft LLC to support the renovation and conversion of the historic and vacant former
Seabrook, NH According to Howard Goldenfarb, founder of The RAM Companies (RAM), the firm has acquired two, 100% leased industrial properties for $14.55 million. 111 Ledge Rd. in Seabrook, totals 32,000 s/f, sits on six acres, and is occupied by Munters Group, AB. 111 Parker St. in Newburyport, Mass. totals 46,000 s/f, sits on 4.4 acres, and is occupied by Alpha Laval.
Medford, MA Marcus & Millichap has completed the sale of 218-220 Middlesex Ave., a 12-unit multifamily property, for $3.5 million. Evan Griffith and Tony Pepdjonovic, senior vice presidents in Marcus & Millichap’s Boston office, had the exclusive listing to market
Boston, MA James Vaughan, a 37-year member of Plumbers & Gasfitters Local 12, was sworn in as the new business manager to lead New England’s largest plumbing union, taking over for longtime business manager Tim Fandel, who retired at the end of 2024.
“It’s the best year we have had since opening in 2016” said a general manager for one of our New York City hotels. “We are still waiting for a full recovery” said another general manager at a hotel in San Francisco. We are now more than two years removed from COVID and performance around the country is still mixed. Some markets have come roaring back with strong demand patterns and Average Daily Rate (ADR) achievement well above pre-pandemic levels. New York City, at the top of this list, is somewhat of an anomaly as demand recovery
Beverly, MA Northeast Health Services, a member of Transformations Care Network, has expanded. The regional mental health provider opened a custom-built 8,700 s/f clinic last month at Cummings Properties’ Dunham Ridge campus.
