Inside Needham News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Wicked Local The owner's of the Sheraton Hotel property at 100 Cabot Street  avoided foreclosure last month after transferring the property's outstanding mortgage to a Texas-based private equity firm The previous owner, WCP Needham Cabot L.L.C, acquired the land and hotel structure for $54,000,000 in March 2015. On May 3, Norfolk registry data shows Needham Lending Company, LLC purchased the property for $40,475,102.68 in a "deed in lieu of foreclosure" deal. According to a copy of the deed, the "as is" fair market value of the property at 100 Cabot Street "is less than the principal a...

Use our interactive real estate map to see details for the commercial and residential property deals closed in Needham last month.

Million-dollar deals done in a day: Inside Needham's hot real estate market Wicked Local With a listed price of $949,000, the property on Arch Street went on the market just after 1:30 p.m. on the first Wednesday in April. By 7 p.m., the owners had received an offer for the four-bed, two-bath single-family home that was "way over the asking price," according to the real estate agent who represented the sellers. Adriano Varano, the principal-agent and owner of Needham-based Varano Realty, said the quick sale reflects an already competitive real estate market in Needham “amplified”...