News: Front Section

Clubhouse Capital completes $1.05 million sale of Willimantic Country Club

Clubhouse Capital recently completed the $1.05 million sale of the former Willimantic Country Club. On behalf of the owner (a non-profit country club), Clubhouse Capital negotiated a structured sale that vested existing members through a longterm membership contract offering dues pricing protection. Clubhouse also negotiated buy-outs of existing employment agreements, and discounts of the larger unsecured payables. When the buyers' bank ceased lending due to an FDIC order, Clubhouse intervened at the request of both parties and secured new financing for the buyers within 30 days by re-structuring the existing mortgage debt and supplementing it with debt funded through the SBA's 504 loan program. The new owners are Donny Marshall, Chuck Grodovich, and Joe Grodovich. Marshall is a former NBA player and UCONN star, and is presently a television analyst and commentator for Comcast. Grodovich is a seasoned golf club manager, twice named as Connecticut General Manager of the Year. Both maintain very close ties to the UCONN athletic and alumni communities, and they have re-named and re-branded the club. They plan to offer special UCONN alumni memberships, and hope to host NCAA events at the newly-improved facility. Providence-based Clubhouse Capital provides real estate and asset-based financing and advisory services to real estate and business owners.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.