Front Section

Average selling price per room for hotel sales prices on the upswing - by Shane Vahey

New England Hotel Realty (NEHR), powered by the global hotel intelligence of Lodging Econometrics (LE), recently reported that through Q1 2018 there have been 138 hotels sold with an average selling price per room (ASPR) of $156,353 in the United States. For the same period last year there were 222 hotels sold with an ASPR of $134,382. While there were more hotel sales last year, the ASPR has increased year-over-year (YOY).

MassDevelopment issues a $28.46 million bond to the Pipefitters
Local 537 for a 70,000 s/f, LEED-certified training facility

Dorchester, MA MassDevelopment has issued a $28.46 million bond for the Pipefitters Local 537, a craft trade union for individuals...

R.W. Holmes assists CB Equities in new leases at Knowledge Park

Marlborough, MA Since purchasing the 160,000 s/f office park, Knowledge Park, in late October, CB Equities and their broker, R.W. Holmes hav...

Kelleher and Pentore of Horvath & Tremblay arrange $3.621m sale

Waltham, MA Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a four building, 16-unit portfolio. The a...

NKF completes sale of 67 South Bedford St.

Burlington, MA NKF Capital Markets has completed the sale of 67 South Bedford St. to one of Anchor Health Properties’ existing institu...

Employer’s primer to mitigating risks when terminating employee - by Scott Regan

Like all employers, developers and construction companies will likely confront the necessity of severing an employment relationship, whether because of an employee’s poor performance, misconduct, or numerous other reasons. How employers treat their employment relationships–and the termination of such relationships–can significantly impact their potential legal liability, regardless of the basis for an adverse employment action. 

Peckham of Data Realty Corp. has out of this world plans

Boston, MA In 1963 just about the time that Rolly Hopkins founded The New England Real Estate Journal, Jack Peckham III, CCIM, CIPS, RECS op...

Alves of KW Elite Commercial Realty brokers $1.08 million sale

Providence, RI Michael Alves of KW Elite Commercial Realty completed the sale of three 6-unit brick multifamily buildings for $1.08 mil...

Pierce of Marcus & Millichap arranges $2 million sale of mixed use property

Webster, MA Marcus & Millichap completed the sale of a 51,982 s/f mixed-use portfolio located on Main St., according to Tim Thompson, re...

Natalizio of Cornerstone Realty Capital arranges
$14 million financing for Langley Terrace

Newton, MA Cornerstone Realty Capital has arranged $14 million in financing for Langley Terrace, a multi-family community located at 392-404...