Needham, MA NAIOP Massachusetts has named its 2019 volunteer leadership slate – led by incoming president Sara Cassidy of AEW. Joining NAIOP’s new executive team of CEO Tamara Small and executive director Reesa Fischer, Cassidy will be followed by president-elect Leslie Cohen of Samuels & Associates.
Boston, MA Colliers International has promoted David Goodhue to the role of executive managing director and Boston market leader, where he will be responsible for all aspects of the office’s day-to-day leadership and management. Goodhue will lead the company management alongside Jessica Sawyer, executive vice president of operations.
Nashua, NH Brian Thibeault has purchased the Henry Hanger Company of America building for $1.81 million. This 90,000 s/f classic mill building sits on .85 acres, and was built in 1900, consisting of 5 floors. Each floor is roughly18,000 s/f with original hardwood floors and natural light.
Braintree, MA Colliers International’s multifamily advisory group completed the sale of Windjammer Cove Apartments, a 72-unit, waterfront apartment community. The property was sold on behalf of WJ Partners, LLC & Oak Sapling Partners, LLC.
Newton, MA The New England Real Estate Journal (NEREJ) will host the Multi-Family & Property Management Summit on January 31st at Boston Marriott Newton, 2345 Commonwealth Ave. from 8 a.m. – 12 noon. To attend please register at: http://www.multifamilypm.eventbrite.com Early bird tickets ordered before January 27th cost $89. After January 27th, tickets cost $129.
In 2018 we were supposed to see an economic slow down. It never happened. With plenty of money available, new construction projects have started, rental rates continue to increase and cap rates are stable. So is 2019 the year we start to see the down turn or do we see the market continue to grow?
Through July, revenue per available room (RevPAR) in the Boston and Cambridge lodging market had experienced its ups and downs but overall had declined 0.6% compared to the same period last year. However, the market gained considerable traction beginning in August, a trend that continued through October.
Marshfield, MA The Conrad Group negotiated an industrial building sale in Enterprise Park. The building, formerly owned and occupied by Gatehouse Media and located at 165 Enterprise Dr., totals 18,000 s/f on 2.72 acres.
Boston, MA Disaster restoration expert, Jake Hart, has been named the general manager of SERVPRO of Boston. His experience in all areas of d...
Whitman, MA Cornerstone Realty Capital arranged $5.8 million in financing for an apartment building. The 3-story property features 45-units, a mix of 15 one-bedroom, one-bathroom units, 12 two-bedroom, one-bathroom units, and 18 two-bedroom, two-bathroom units.