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Boston Real Estate Announcments

By Phil Butler | March 11, 2011

In news from the Boston real estate market, Plymouth Holdings Ltd., has reportedly nearly reached the half way mark for their fund-raising effort to get $3.6 million from investors. The disclosure was made in a filing published by the Securities and Exchange Commission yesterday.

Plymouth Holdings is a wholly owned company of one Jefferey Witherell, according to the disclosures. The company, with offices on the 10th floor of Two Liberty Square in Boston, was incorporated in 2009. The SEC filing shows Witherell having raised $1.53 million from 28 investors to date. No list of made or intended investments has been released by the company.

Boston aerial view

Boston aerial view

In other positive new from Boston, the Boston Business Journal reports commercial real estate movement on the positive. While the increases there are not significant, the trend is for the positive. And on the Boston dot com reports houses are apparently climbing their way out of the abyss as well. Plus, the Boston Business Journal also reports that REIT has bought some 20 Senior communities for upwards of $300 million.

Finally, in the forward market of green real estate, particularly energy software, Xconomy Boston reports on a company called Boston-based Retroficiency, poised with its investors to cash in on what they feel will be a tech bonanza in real estate software. The company is announcing today it has raised $800,000 in seed financing led by Worcester, MA-based World Energy along with angel investors including Jean Hammond and Jill Preotle.


Retroficiency landing page

Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets including part owner of Pamil Visions with wife Mihaela. Phil began his digital ramblings via several of the world’s most noted tech blogs, at the advent of blogging as a form of journalistic license. Phil is currently top interviewer, and journalist at Realty Biz News.
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