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Sawyer Realty Holdings acquires 130-room Residence Inn for $15m - will be managed by Prestige Hospitality Group

Tewksbury, MA Sawyer Realty Holdings has acquired the 130-room Residence Inn by Marriot Boston Tewksbury/Andover located at 1775 Andover St. for $15 million.

Invesco Real Estate purchases 17-story The Harlo for $150 million - sold by Skanska, in partnership with PGIM Real Estate

Boston, MA Skanska, in partnership with PGIM Real Estate, has divested its multi-family development The Harlo to Invesco Real Estate, a global real estate investment manager. Skanska developed and built The Harlo, a 17-story, 183,000 s/f  tower with 212 boutique apartments and retail space in the Fenway neighborhood

The New England Real Estate Journal to host the Cannabis in CRE 2019 Summit on March 7

Needham, MA The New England Real Estate Journal (NEREJ) will host the Cannabis in CRE 2019 Summit on March 7 at the Sheraton Needham, 100 Cabot St. To attend please register at: http://www.canncre.eventbrite.com.

Pascucci of Masiello Commercial Associates brokers $240,000 sale

Merrimack, NH Chris Pascucci of Masiello Commercial Associates has completed the sale of 23 Depot St. The property, owned by Carbert Properties was purchased by Industrial Solutions. Mark Prolman, of Prolman Realty represented the buyer.

Cannabis real estate is now a big business - by Rick Kaplan

If someone told me 10 years ago the cannabis business will be as big as the tech industry, I would asked them if they were high. We are now in 2019 and many states have either legal medical or both legal and recreational cannabis.

Ellis Realty Advisors completes $1.71 million sale of 21,000 s/f building - reps sellers, C & C Realty Trust and procures buyer, Michael Juliano of Norwell Park, LLC

Norwell, MA Ellis Realty Advisors has completed the $1.71 million sale of 101 Accord Park Dr., a 21,000 s/f office building redevelopment. Managing partner, David Ellis represented the sellers, C & C Realty Trust and procured the buyer, Michael Juliano of Norwell Park, LLC

Lewis of Vidal Wettenstein handles $10.5 million building sale

Westport, CT Vidal Wettenstein LLC has completed the sale of 877 Post Rd. for $10.5 million. This 30,000 s/f two-story retail/office plaza was developed and locally owned and operated since 1970 by Rosenfeld Realty & Development.

FinanceBoston arranges pre-construction financing for 18-unit condo project

Cambridge, MA FinanceBoston has arranged senior pre-construction financing for an 18-unit luxury condominium project in the East-Cambridge section of the city. The development is located on Cambridge St., a primary thoroughfare providing access to MIT, Kendall Sq. and Cambridge Crossing.

MassDevelopment issues $29.21 million tax-exempt bond to CIL Realty of Massachusetts

Boston, MA MassDevelopment has issued a $29.21 million tax-exempt bond on behalf of the nonprofit CIL Realty of Massachusetts, Inc. (CILRM), which will use bond proceeds to buy, construct, and/or renovate 27 community residences for developmentally disabled individuals

S/L/A/M Collaborative team members named to industry boards

Glastonbury, CT According to The S/L/A/M Collaborative (SLAM) Tanya Cutolo, AIA, LEED AP and Ross Spiegel, FAIA, FCSI, CCS, CCCA, LEED AP have been appointed to the following boards