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TEWKSBURY, MA—Private investment group Waramaug LS Hotels, LLC has acquired a portfolio of six Fairfield Inn hotels in New England from a special servicer and plans an extensive capital improvement program on the REO properties.
WALTHAM, MA—FORUM Pharmaceuticals Inc. has relocated operations from facilities in Watertown and Brighton to 112,500-square-feet of leased space at the former ADP building at 225 Second Ave. here.
ROCKVILLE, MD—Montgomery County Executive Ike Leggett announced last week that he would introduce legislation to privatize and consolidate the county's economic development and business promotion functions into a new private 501-C-3 non-profit entity.
MELVILLE, NY—Continued strong transaction volume and little new product being delivered, combined to further reduce Long Island's industrial vacancy rate to just 3.6% at the end of the first quarter of this year.
WESTBOROUGH, MA—Ferris Development Co. has acquired a two-building office campus here for $24.5 million. The Marlborough, MA-based real estate development company acquired the property from Deutsche Asset & Wealth Management.
BOSTON—Mayor Martin J. Walsh and mayors from throughout the region have pledged to collaborate on ways to prepare the area for the impacts of future climate change.
NEW YORK CITY—The nation's fifth largest title insurance underwriter—Westcor Land Title Insurance Co.—is expanding into the commercial real estate arena and has opened a new office here, Globest.com has learned <b>EXCLUSIVELY</b>.
WASHINGTON, DC—While shopping center owners and investors will no doubt still prefer grocers to anchor their properties, the restaurant sector made history recently, besting grocers in sales.
BOSTON—Shorenstein Properties, LLC is hoping to start by year's-end on a $20 million to $25-million renovation, upgrade and repositioning of the Center Plaza office complex in Downtown Boston.