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Category: Owners Developers & Managers
Hunt Real Estate Capital provides $7.83 million to refinance 75-unit property
February 21, 2020
Worcester, MA Hunt Real Estate Capital has provided a loan in the amount of $7.83 million to refinance a Section 8 elderly affordable property. Emanuel Village Apartments is a 75-unit elderly (age 62+) head of household and disabled Section 8 affordable multifamily property located at 59 Evelyn St.
Citizens provides $53 million loan to National Development’s 7INK - former Boston Herald site, wil...
February 21, 2020
Boston, MA Citizens Commercial Banking’s commercial real estate finance team provided a $53 million loan to National Development for the construction of 7INK, a 180-unit co-living residential project at the Ink Block development
Senné acquires One Lewis Wharf for $13.2 million - 15,852 s/f waterfront office building in the Nor...
February 21, 2020
Boston, MA Senné has purchased One Lewis Wharf, a waterfront office building in the city’s North End. The property was purchased for $13.2 million in a private transaction. The transaction was brokered by CBRE
Prolman Realty completes $2.2 million sale
February 21, 2020
Hudson, NH Prolman Realty, Inc. completed the sale of 225-227 Lowell Rd. to the Lannan Co., according to Mark Prolman who represented the seller, RDB Holdings et al. Dusty Burke of American Commercial Real Estate
2020 – Big changes or status quo? - by Jonathan Avery
February 21, 2020
The year ahead will surely be an interesting one. The bull market and strong economy is now considered one for the history books. Now at 10-11 years we have pretty much recovered - and then some – from the Great Recession. Should we be worried?
Boston & Cambridge lodging market declines as economic growth slows and supply increases - by Sebast...
February 21, 2020
The Greater Boston economy continued to improve in 2019, albeit at a slower pace than in years past. This slowing growth combined with an increasing supply of hotels negatively impacted performance metrics for the Boston and Cambridge lodging market.
Horvath & Tremblay sells five retail properties in New England for $13.34 million - including the $5...
February 21, 2020
Beverly, MA Horvath & Tremblay has started out 2020 with the sale of 5 retail properties in New England for a total amount of $13,349,893. The properties include: Aubuchon Hardware and Beverly Bank; Elm Street Shops in Pittsfield, Mass.
George J. Smith & Son handle $1.5 million sale of 88 acres in Guilford, CT
February 21, 2020
Guilford, CT DeForest Smith, CCIM, SIOR, president of George J. Smith & Son Commercial and Investment Real Estate completed the sale of 88 acres and fronting on the Boston Post Rd. (Rte. 1).
O’Brien and DeWolfe of Greater Boston Commercial Properties, Inc. handles $2.98 million building s...
February 21, 2020
Marlborough, MA Bret O’Brien and Tyler DeWolfe of Greater Boston Commercial Properties, Inc. sold the first class office building located at 19 Forest St.
Negotiating an armistice: Alternative dispute resolution and settlement - by Michael Brangwynne
February 21, 2020
An Introduction to ADR: As we discussed in the first article of this series, civil litigation at its core is a process for resolving legal disputes between two or more parties. United States citizens have a constitutionally protected right to access
Cornerstone Realty Capital arranges $42 million for Radius Apartments
February 21, 2020
Brighton, MA Cornerstone Realty Capital arranged $42 million for the refinance of a newly constructed apartment building. Known as the Radius Apartments, the property features a total of 132 units – a mix of 52 studio units
DiPrete Eng. promotes Guglielmo and Aybar
February 21, 2020
Cranston, RI DiPrete Engineering has promoted Sheryl Guglielmo, LEED AP, to senior project manager. A resident of Attleboro, Guglielmo joined DiPrete in 2006 after earning a degree from the Wentworth Institute of Technology.
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