Posts tagged "Owner"

New Owner for Columbus Ave Apartment Complex

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Boston-based real estate firm Hamilton Co. has made the apartment complex at 650 Columbus Ave. its latest purchase in its 3-year, $ 300 million buying spree, according to a recent company statement. 

The company said last week it had decided to buy the 134-unit apartment building from Boston land Development for $ 52 million. The property includes 33 condominiums and a 141-car parking garage.

“These well-developed, managed and maintained buildings will continue to meet the moderate priced housing needs of the South End residents and Northeastern University’s student population,” said Carl A. Valeri, president of Hamilton Co. “We will be providing the same high standard of care to which our residents are familiar.”

Based in Allston, the company is owned by 87-year-old Harold Brown. It owns and manages several thousands of apartments and commercial properties in Boston and nearby. 

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Posted by Massachusetts Legal Resources - May 7, 2013 at 12:36 pm

Categories: Arrests   Tags: , , ,

Upper Crust: New Owner Says Restaurant ‘Will Be Run Better’

It’s new management and new faces for the South End’s Upper Crust, as it reopens under new management after being closed for several months.

The firm UC Acquisitions purchased the property in January along with locations in Wellesley, Watertown and Lexington during an auction after its previous owners filed for bankruptcy last year. The troubled pizza chain’s former owner, Jordan Tobins, was accused of several labor issues including failing to pay employees their wages, allegedly relying on undocumented workers for labor, and using company money for personal use. 

Despite reports from some media outlets that the former owner Tobins was connected to the new ownership, Shawn Shenefield, Director of Operations at UC Acquisitions Shawn Shenefield said Tobins is playing no role in the re-opened chain. 

“From what I can tell there’s no connection,” said Shenefield. “UC Acquisitions manages money for wealthy families, and I think one of the original owners knew him, but there’s no involvement for operations.” read more

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Posted by Massachusetts Legal Resources - March 25, 2013 at 11:14 am

Categories: Arrests   Tags: , , , , , ,