Barnes joins Whelan Assoc. as vice president of the capital markets group
According to Whelan Associates, LLC, Richard Barnes has joined the company as vice president of the capital markets group. As head of this new division of the company, he will take the lead in providing clients with customized investment property sales solutions, as well as acquisition and recapitalization services. These premier services are offered to individual and institutional owners and investors engaged in buying, selling, developing and financing real estate.
Barnes brings to the company over 30 years of experience in development, leasing and investment property sales. More recently, he closed over $52 million in transactions in the past three years. As a specialist in the office, retail and industrial property markets, he proactively identifies and matches the needs of buyers and sellers, and engineers solutions that insure smooth transactions.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
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