11-unit Inn sold by Steven Lang to Steve & Helen Milewski Commercial Realty Advisors, Inc. brokers sale of Spring Garden Inn
Commercial Realty Advisors, Inc. completed the sale of Spring Garden Inn. The 11 unit inn that sits on the marsh at Scorton Creek was previously owned by Steven Lang of East Brunswick, N.J., who bought the property in 2012 as a 1031 exchange after selling the Seatoller Shopping Center in Eastham.
The new owners, Steve and Helen Milewski, owned and operated the Holiday Inn in Truro for 15 years, moved away and are now returning to the Cape to become inn keepers once again.
"We fell in love with the beautiful setting along the marsh and surrounding area", said the Milewskis, who moved back to the Cape to be nearer their two lobstermen sons, both of Provincetown.
Gil Owren, broker at Commercial Realty Advisors, facilitated the sale.
Commercial Realty Advisors, Inc. was established on Cape Cod in 1999 and now represents properties throughout New England in all areas concerning mergers and acquisitions, business brokerage and investment.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary