Smithfield, RI Holliday Fenoglio Fowler, L.P. (HFF) completed the sale and financing of the 101-room Hampton Inn & Suites Providence/Smithfield. The sale price was not disclosed. The HFF team represented an institutional seller, and procured the buyer, Excel Group.
Stamford, CT According to Jon Angel, president of Angel Commercial, LLC,132 Jamaica Ave. Realty Corp. has purchased an industrial flex building located at 72 Camp Ave., for $4.875 million.
Nick Fair, LEED AP, HERS, having been with the firm for 13 years has been promoted to principal. Fair manages the Norwood, Mass. office and notable projects of his include: TD Garden, Tufts University, Wellesley School, Great Horse Country Club, several large-scale greenhouse agricultural projects and high-end homes.
Boston, MA According to Michael Smith, Avison Young principal and managing director of the firm’s New England region, the company has hired commercial real estate professional Taylor Phelan. Effective immediately, Phelan becomes an associate in the company’s city office, specializing in advising tenants and landlords in the urban market.
Orange, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., Mikayla Riskin has joined the Colonial Properties team as a realtor.
Boston, MA According to NEI General Contracting, its director of Northeast construction operations, Marc Marcelli, is donating his time to the Jamaica Plain Neighborhood Development Corp. (JPNDC) to assist minority business enterprises (MBE) and women-owned business enterprises (WBE).
Boston, MA MassHousing has closed on $9.1 million in financing to the Chinese Economic Development Council (CEDC), for the preservation of Oxford Place in Chinatown. As a result of the transaction, CEDC has extended the Section 8 Housing Assistance Payment contract at the 39-unit property for 20 years.
Danvers, MA Hancock Associates, a leading local provider of land surveying, civil engineering and wetland science services, has hired Tasney Mazzarino as the firm’s accounting manager.
Beverly, MA Sciessent LLC, a 20 year Cummings Properties client, relocated its corporate headquarters and development center to a 12,000 s/f custom lab and office space at 100 Cummings Center. This space will operate as Sciessent’s innovation hub for its global business and offices.
Even well-managed real estate practices can be victims of human error, allegations of malpractice, unhappy clients or just plain old bad luck. Protecting a business from the consequences of any of these requires an insurance program that best suits the needs of one’s practice.
