Shelbourne Global Solutions, LLC partners with Axela Group to close on 50 Morgan St. for $22 million - plans to convert to apartments

Hartford, CT Shelbourne Global Solutions, LLC has partnered with Axela Group to purchase the former Radisson/Red Lion hotel at 50 Morgan St. The partners paid $22 million and agreed to pay back taxes owed by the former owner.

Loving the ‘burbs: Suburbs in demand - by Carol Todreas

Retail is rebounding and that’s good news. Many new businesses opened in early 2021 and most needed a physical location. Although there is pent up demand, it is not without challenges. The biggest challenge is how “to get it right” for landlord, developer, and city officials.

Herrick Lutts Realty Partners completes $11.88 million sale of 70-unit community - purchased by Cranebrook Crossing LLC

Danvers, MA Herrick Lutts Realty Partners, an established commercial and residential real estate firm which has served the North Shore for over 25 years, completed the sale of a 70-unit apartment community.

SmithGroup Boston office moves to 11,5000 s/f in the Seaport District

Boston, MA The Boston office of SmithGroup, one of the nation’s leading integrated design firms, has relocated to the LEED Platinum 101 Seaport Building in the city’s Seaport District. The new 11,500 s/f office space overlooks the vibrant redeveloping

Paterno of Northeast Private Client Group awarded 2021 Annual Next Generation Award

Shelton, CT According to Northeast Private Client Group (NPCG), Bob Paterno, investment associate, has been awarded the 2021 Annual Next Generation Award in the Boston and New England region by Connect Media.

CBRE arranges sale of 209,643 s/f industrial building in Norton, MA

Norton, MA CBRE has arranged the sale of a 209,643 s/f, class A industrial facility located at 176 South Washington St. Black Creek Group, a leading real estate investment management firm, acquired the asset, which is their first industrial purchase in the Greater Boston market.

Nedde Real Estate launches leasing program for the newly renovated 77 Residences

Burlington, VT Nedde Real Estate has launched its leasing program for the newly renovated 77 Residences, at 77 Pine St., better known as the Peoples United Bank building.

Newmark’s Captial Markets group handles sale of 285,437 s/f property

Auburn, MA Newmark has completed the sale of 26 Southbridge St., a class A warehouse/distribution asset that is fully occupied by Polar Beverages.

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