 (1).png)
News:
Owners Developers & Managers
Posted: November 12, 2008
Shanley Auctioneers facilitates $852,500 sale of Mojalaki Golf Club
Mojalaki Golf Club has been sold at auction by Shanley Auctioneers LLC of Portsmouth.
Mojalaki Golf Club which overlooks Mt. Kearsarge was designed by Wayne Stiles.It had been updated in 2002 and includes a par (36) 9-hole golf course, a 5-hole short course, a driving range, a 3,000 s/f practice putting green and a chipping area. The total acquisition price for the property was $852,500.
The seller, Tin Cup Golf LLC, was represented by Joe Shanley of Shanley Real Estate.
The new owner is Roger Leblanc a retired executive from Weare.
According to Shanley who conducted the auction "the interest in the property was high and the bidding was spirited".
LeBlanc has stated his intention to continue the property as a golf club and function facility.
Scott Roberts Esq. of the law firm Hoefle, Phoenix, Gormley and Roberts of Portsmouth represented the interests of the Seller, with Steve Seufert Esq. of Franklin NH providing counsel for the Buyer.
MORE FROM Owners Developers & Managers
How property reserves work in a Delaware Statutory Trust (DST) - A practical comparison to direct real estate ownership - by Dwight Kay
This article explains why Delaware Statutory Trust (DST) investors may report taxable income that exceeds their actual cash distributions – a concept that mirrors decades of standard practice in direct commercial real estate ownership.
Quick Hits
 (1).png)
Columns and Thought Leadership
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
August Promotion
