Cape Cod and Islands Unemployment Rates

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Bed and Breakfast Sector Seen Awakening From Year Long Slumber

B&Bchart

In 2009, the bed and breakfast sector on Cape Cod was in a deep sleep with lots of tossing and turning. Based on year-to-date sales activity in 2010, however, the grogginess is fading and this sector like a sleep deprived teenager is now showing clear signs of awakening.

Wal-Mart Proposes Second, Larger Store in West Wareham

East Wareham, MA- In late June 2010, Wal-Mart representatives appeared before the Wareham Planning Board presenting plans to relocate the existing Wal-Mart along Cranberry Highway in East Wareham to a newly built store located just north of  Wareham Crossing in West Wareham. The 26.1 acre West Wareham project site is at the corner of Tobey Road and Cranberry Highway, near Exit 21 off of… [Continue Reading]

Gas Mart Proposal Recinded

Orleans, MA - Developers of a proposed Stop & Shop self-service gas mart at the Cranberry Cove Plaza on Route 6A in Orleans, MA announced in May 2010 their decision to withdraw the project. While under review, the project was accepted as a Development of Regional Impact (DR-09021) following a discretionary referral by the Town of Orleans. The Cape Cod… [Continue Reading]

Reported Portfolio Offering Includes an Interest in Cape Cod Mall

Hyannis, MA – According to published reports in the Boston Globe, Boston Herald, and a number of business and commercial real estate publications in June 2010, anonymous sources have reported that a signature property portfolio which includes the Cape Cod Mall is on the market.  Reportedly, the Boston office of Eastdil Secured LLC, a wholly owned subsidiary of Wells Fargo… [Continue Reading]

Let’s Go the Movies

boulder theater

Going to a drive-in theater or cinema was a popular past time on Cape Cod for visitors and residents alike. Over the years, the landscape has changed with some gone and some still remaining. Here’s a nostalgic look at some of the cinemas and drive-in many will remember. For best viewing, click on the full screen icon… [Continue Reading]

Mixed-Use Village Proposed in Forestdale

ForestdaleVillageStreetscape

Forestdale, MA – A 75.9 acre parcel of land located in the easterly side of Route 130 in Forestdale, MA is the site of a proposed mixed-use development known as Forestdale Village. The project site is located just south of the Mobil Mart and along the westerly side of Peters Pond. Forestdale Village will be constructed in multiple phases… [Continue Reading]

Harwichport Mixed-Use Property Sold

546 Main St Harwichport MA front

Harwichport, MA – In June 2010, long-time Cape Cod real estate professional Mike Ulrich brokered the sale of The House of Morgan property located at 546 Main Street in Harwichport, MA. The purchase price was $520,000 and the buyer was Oceanside Property Investments LLC. The mixed-use property includes approximately 2,024 square feet of lower level retail space and a spacious three… [Continue Reading]

Investment Group Buys Provincetown Hotel

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Provincetown, MA – In mid June 2010, Finard Properties and its affiliate Black Oak Realty Advisors acquired The Cape Inn Resort in Provincetown, MA from long-time owners Fred E. and Patricia Sateriale. The Burlington, MA based real estate investment and development firm also partnered with Turnstone Property in the transaction. The Cape Inn Resort is a 139… [Continue Reading]

Bill Zammer Named Massachusetts Restaurant Association’s Chairman of the Board

Bill Zammer Chairman_Photo

Southborough, MA - William “Bill” Zammer, Jr., owner/operator of several lodging and foodservice facilities on Cape Cod (known as Cape Cod Restaurants, Inc.), was selected as the 2010 – 2011 chairman of the Massachusetts Restaurant Association (MRA). Zammer is a veteran in the Foodservice Industry, having been in the business and operated a number of establishments over the past… [Continue Reading]