Category: Owners Developers & Managers

Needham, MA The New England Real Estate Journal (NEREJ) held its second annual “Changing World of Commercial Real Estate” summit on December 6th at the Sheraton Needham Hotel, 100 Cabot St. The event also honored Harold Brown, chairman emeritus of The Hamilton Company, with an induction into the NEREJ’s Blue Jacket Club. He was also presented with a Lifetime Achievement Award. 

Boston, MA Newmark Knight Frank (NKF) completed the $845 million sale of 53 State St. to a joint venture between Allianz Real Estate of America, Beacon Capital Partners and the Pension Reserves Investment Management Board (PRIM).

Warwick, RI Colliers International’s Capital Markets team arranged $16 million in financing for Briarwood Meadows, a 552-unit multifamily community. Spread across 36 acres, the 100% market rate community consists of 32 residential buildings, a fitness center, an indoor pool, an outdoor pool, tennis courts, a clubhouse and parking.

Hingham, MA A.W. Perry has partnered with Vantage Builders, Inc. on a core and shell renovation project to redevelop and reposition 4 Pond Park, A.W. Perry’s former South Shore regional headquarters in South Shore Park. 

To get the most out of any media channel, it’s usually necessary to invest some money in it. Then you need to keep your messages consistent. Certainly, this is true of Google and social media if you want to immediately drive targeted visitors to your website.

I am taking a different turn to this article for the New England Real Estate Journal versus those of the past. In this article, I am reflecting on 2018 and contrasting the hotel business and our brokerage business, both of which are enjoying another successful year, versus insights into what has been, for me, a very difficult personal year.

Whitman, MA The 45-unit apartment building known as Bedford Place, located at 670 Bedford St., has been sold for $8.7 million. Boston City Group, Inc. brokers Caroline Ligotti, Emily McGranaghan and Linda Redeker represented the buyer.

Provincetown, MA A partnership between Alta Properties, Finard Properties, and Saltaire Properties has completed the sale of the Harbor Hotel Provincetown. According to public record, the property sold for $15.5 million. The contemporary boutique hotel has 129 rooms and is located on a 4.5-acre waterfront site.

Waltham, MA Dan Gardner, partner/broker at Castles Commercial has compelted the sale of 91, 93, 95 and 97 Chestnut St.

Littleton, MA Eric O’Brien of O’Brien Commercial Properties has arranged three leases at 37 Ayer Rd.  totaling 21,868 s/f. The leases include: • Fastenal Company has expanded and leased 5,600 s/f. The company will take occupancy soon.