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News: Front Section
Posted: August 13, 2008
Linchris Hotel Corp. and CrossHarbor Capital acquire 2 hotels for $27m
Linchris Hotel Corporation has made a major move into the suburban N.E. market with the purchase, in partnership with CrossHarbor Capital Partners of Boston, of two properties from Ashford Hospitality totaling $27 million.
This most recent acquisition adds the 127-room Radisson Hotel in Rockland and the 177-room Sheraton Hotel in Milford, Mass. to Linchris' growing portfolio.
Updates and renovations are scheduled for both properties over the next several months, not the least of which will be converting the Radisson Hotel into a Holiday Inn and converting the Sheraton Hotel into a Doubletree Hotel. The Rockland property will become the tenth Holiday Inn property in Linchris' portfolio, and Milford will be the company's first Doubletree property.
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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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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
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.
