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Distinctive Hospitality Group Refinances 623-Room Boston Hotel Portfolio
Distinctive Hospitality Group (DHG), a Natick, MA-based integrated hotel ownership and management company launched by Lou Carrier in 2010, has refinanced a three-property hotel portfolio totaling 623 rooms in the Boston suburbs of Natick and Somerville, MA. The...

R.J. Kelly Sells Fully-Leased Burlington Square Shopping Center
R.J. Kelly Co. has sold The Shops at Mall Road in Burlington, MA to a private equity fund managed by Crow Holding Capital Partners. The Shops at Mall Road is a fully leased 31,623-square-foot shopping center home to Catherines, Cycl3, Duluth Trading Co., Supercuts,...

148-Unit Metheun Apt. Complex Fetches $23.3 Million
Newton, MA-based Sawyer Realty Holdings completed a deal with JRG Realty Holdings to acquire the 148-unit Colonial Village community in Metheun, MA for $23.3 million, or about $157,000per unit. Colonial Village consists of six three-story garden-style apartments...

JRK Property Holdings Picks Up Residences at Tewskbury Commons
JRK Property Holdings, a Los Angeles-based real estate investment firm, has purchased the Residences at Tewksbury Commons in Tewksbury, MA from The DSF Group. Terms of the deal were not disclosed. The 245-unit apartment complex consists of one five-story mid-rise...

Calare Properties Sells Watertown Industrial Complex
Calare Properties, a private real estate manager and operator with a focus on warehouse, flex and office space, sold 20 Seyon St. in Watertown, MA to The Seyon Group for $15 million, or about $160 per square foot. The 94,268-square-foot warehouse and distribution...

Keppel, KBS Forming New REIT to Acquire $800 Million U.S. Office Portfolio
Singapore-based Keppel Corp. has received approval to launch a new REIT on the Singapore Exchange and has reached a deal for that REIT to acquire 11 U.S. office properties from Newport Beach, CA-based KBS Strategic Opportunity REIT, a nontraded REIT. The properties...

CoStar’s People of Note (Oct. 13) – ML Realty Makes C-Suite Appointments, Sack Elevates CFO to President…
The following companies announced personnel moves this week: ML Realty, Sack Properties, Avison Young, SIOR, Cushman & Wakefield, Phillips Edison & Co., Transwestern, CBRE, Sierra Pacific, Next Realty and Romer Debbas.CHICAGO|MARY-CLARE STUCKY <a...

Investors Secure $205 Million Loan for The District Burlington
Charles River Realty Investors, National Development and AEW Capital Management secured $205 million in financing for The District Burlington, a +1 million-square-foot office and retail park located in Burlington, MA. The venture repositioned and rebranded the...

WinnDevelopment Secures $36 Million in Financing for Mechanics Mill Redevelopment
WinnDevelopment, an award-winning national developer and manager of high-impact affordable, middle income and market rate housing communities, secured $36 million for its adaptive reuse project of the Mechanics Mill located at 1082 Davol St. in Fall River, MA. Built...

JLL Taps Newman to Manage MITIMCo Portfolio
JLL has tapped Paul Newman to oversee the company's MIT Investment Management Co. (MITIMCo) portfolio as a group manager. The portfolio encompasses approximately two million square feet across 100 office, industrial, residential and retail assets. Newman brings more...
Header Photo Credit: James L. Woodward