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Feature Article #1

Harris Golf Sells Boothbay Country Club

Harris Golf has agreed in principal to sell Boothbay Country Club to a group of investors. The sale price of the 300-member private club located in the heart Maine’s Mid-Coast is $4.5 million according to an announcement made in mid October 2008.

Contributing Editor | October 30th, 2008 | Continued

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Feature Article #2

The Art of the Deal: The International Inn on Cape Cod Sold

In October 2008, the 141-unit International Inn in Hyannis, MA sold for $5.8 million. The sale was handled by Carey Commercial. Chuck Carey, principal of the Cape Cod commercial real estate and business opportunity brokerage firm bearing his name, shares with us his behind the scenes perspective on this notable transaction.

Contributing Editor | October 29th, 2008 | Continued

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Other Recent Articles

Hess Acquires Eleven Cape Cod Gasoline Convenience Stores

CAPE COD, MA – On January 30, 2009 Hess Corporation acquired 11 Christy’s of Cape Cod gasoline-convenience stores. The sale included the purchase of six properties and lease assumptions on the remainder.

23Feb2009 | Contributing Editor | 0 comments | Continued

Brokers Strike the Right Match with Tinder Box Sale

MASHPEE, MA – Kinlin Grover GMAC Commercial Real Estate based in Orleans, MA announced that Turnstone Enterprises has sold The Tinder Box to Jim and Cecelia Sullivan of East Sandwich, MA.

26Nov2008 | Contributing Editor | 0 comments | Continued

Sales Figures Reflect Softening Cape Cod Commercial Real Estate Sector

A total of 145 qualified commercial real estate sales transpired on Cape Cod from January – September 2008. The latest figures amount to a 23.3% decline from the level achieved in the same nine month period in 2007. The 2008 drop is also about 42% below the 12-year average of 250 sales and the lowest period to period total since 1997.

21Nov2008 | Contributing Editor | 0 comments | Continued

SBA Loan Changes Seek to Increase Capital Access For Small Businesses

WASHINGTON, DC – Important changes have been made to help SBA lenders increase access to capital for small businesses.

20Nov2008 | Contributing Editor | 0 comments | Continued
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International Firm Engineers Strategic Acquisition

PORTLAND, ME – AMEC, the international engineering and project management company has acquired OEST Associates, Inc. an engineering and architecture firm headquartered in Portland, Maine.

6Nov2008 | Contributing Editor | 0 comments | Continued

Manager Purchases Franchised Restaurant Publication

BANGOR, ME – William (Bill) Buckley of Bangor, ME and President of Coffee News USA, Inc. announced this week the purchase of the parent company and intellectual property rights for the Coffee News franchise system.

5Nov2008 | Contributing Editor | 0 comments | Continued

Vermont Electrical Supplier Acquired

CANTON, MA – Needham Electric Supply (NESCO), a full-service electrical distributor announced that the Rutland, Vermont branch of Walsh Electric Supply will join its Yankee Electric Supply family, NESCO’s Vermont and New Hampshire-based division.

30Oct2008 | Contributing Editor | 0 comments | Continued
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Restaurants Get Refill on Tax Break

The recently passed Emergency Economic Stabilization Act of 2008 included an extension of the accelerated depreciation allowance for qualified leasehold and restaurant improvements and for certain improvements to retail space.

10Oct2008 | Contributing Editor | 0 comments | Continued
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Marine Lumber of Nantucket, MA Acquired by Investment Firm

NANTUCKET, MA – Intercontinental Real Estate Corporation a national real estate investment, development and management firm headquartered in Boston, MA, announced the acquisition of the Marine Lumber Company in Nantucket, MA.

27Sep2008 | Contributing Editor | 0 comments | Continued

Transaction Activity for Upscale and Luxury Lodging Facilities Loses Momentum in First Half of 2008

DENVER, CO – Close to $3 billion in upscale and luxury lodging facilities traded during the first half of 2008, well below the $11.5 billion in individual property deals that occurred in the first half of 2007.

13Aug2008 | Contributing Editor | 0 comments | Continued
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Eastern Bank Subsidiary Acquires Kittredge Insurance Agency

NATICK, MA – Eastern Insurance Group announced the acquisition of Northborough-based Kittredge Insurance Agency, Inc., giving Kittredge’s customers access to a broader range of insurance products and services.

12Aug2008 | Contributing Editor | 0 comments | Continued

Vermont Castings Under New Ownership

PARIS, KY – Monessen Hearth Systems Company (MHSC), a manufacturer of fireplace, stove and hearth products has acquired key assets of CFM Corporation which include the Vermont Castings and Majestic Fireplaces brands.

10Aug2008 | Contributing Editor | 0 comments | Continued

Teledyne Acquires Cape Cod Underwater Vehicle Manufacturer

EAST FALMOUTH, MA – In early July 2008, Teledyne Technologies Incorporated (NYSE: TDY) through its subsidiary, Teledyne Instruments, Inc., completed the acquisition of the assets of Webb Research Corp.

7Aug2008 | Contributing Editor | 0 comments | Continued