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Brokerage
Posted: April 28, 2023
Stallkamp of The Boulos Company brokers $4.25m deal for Baywood Hotels
Portsmouth, NH Baywood Hotels, a leading hotel management and development company, has purchased 165 Deer St., Lot 3 for $4.25 million from Foundry Place Hotel, LLC. The Boulos Company’s Christian Stallkamp brokered the deal on behalf of the seller.
The property is situated downtown off Maplewood Ave. adjacent to the Foundry Place Garage. Baywood plans to construct a new five-story Hyatt Place hotel on the property, boasting 117 modern rooms, a 51-space parking garage, and a ground-level café. Hotel guests will have many amenities within walking distance. The proposed hotel is just one of several upcoming developments downtown, reflecting the city’s growing tourism community.
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O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Quick Hits
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.