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Paulsrud appointed to co-lead JLL Capital Markets in Boston

Boston, MA According to JLL, senior managing director Brett Paulsrud has been appointed to co-head the Capital Markets team in its local office.

Legacy Real Estate Ventures, LLC acquires 31,000 s/f property for $4.1 million

Haverhill, MA Legacy Real Estate Ventures, LLC has acquired 30 Bond St. for $4.1 million. This 100% occupied single story industrial property totals 38,000 s/f and has been leased to Thermo Fisher Scientific since 2002. Located in the Ward Hill Business Park

Rgenta leases 5,400 s/f at Cummings Properties’ TradeCenter 128

Woburn, MA Rgenta Therapeutics has graduated from LabCentral, a shared laboratory in Cambridge, to a dedicated facility at TradeCenter 128. The biotech startup leased 5,400 s/f at the prominent business and technology campus, which is managed by Cummings Properties.

Phillips Realty Capital arranges $96.2m for The Hamilton Co. to refinance and completely renovate two apartment properties

Boston, MA Phillips Realty Capital (PRC) has structured loans totaling $96.2 million for its client, The Hamilton Company, to refinance and completely renovate two apartment properties located within close proximity to Boston University and Harvard University.

New England Cold Storage secures $22.9 million from Rockland Trust for 120,000 s/f public refrigerated warehouse

Sturbridge, MA New England Cold Storage, LLC (NECS) has secured debt financing with Rockland Trust Company for its first cold storage warehouse facility. The $22.9 million loan will go towards their new 120,000 s/f public refrigerated warehouse that will provide cold storage and logistics services

New England Real Estate Journal veteran Benjamin Summers, 92, passes away

Hingham, MA Long-time New England Real Estate Journal editor Benjamin Summers, formerly of Scituate, MA, passed away on June 14, 2021 at the age of 92. Summers began working at the New England Real Estate Journal in 1965 and worked at the Journal for 52 years.

Can you exchange one property for multiple, or multiple properties for one in a single 1031 exchange? - by Bill Lopriore

Taxpayers often ask whether they can exchange out of more than one relinquished property for a single replacement property, and whether they can exchange into more than one replacement property for a single relinquished property. The short answer is yes – a single exchange can involve multiple relinquished...

Glaskin of Coldwell Banker Commercial brokers $2.5 million sale

Allston, MA Coldwell Banker Commercial represented the buyer in the acquisition of an office building located at 280 Lincoln St. The transaction was valued at $2.5 million. Todd Glaskin, a commercial real estate professional with Coldwell Banker Commercial NRT, represented the buyer

Kelleher and Pentore of Horvath & Tremblay handle $3.8 million sale of an 11-unit apartment building in Watertown, MA

Watertown, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of an 11-unit apartment building. The duo exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3.8 million

NAI Glickman Kovago & Jacobs broker $450,000 sale

Worcester, MA The property at 562 Lincoln St., adjacent to the Lincoln Plaza Shopping area, sold for $450,000. Michael Jacobs, principal at NAI Glickman Kovago & Jacobs, represented the seller, Anthony Realty Corp.