Category: Owners Developers & Managers

CAI State and Federal Legislative Update for 2021

CAI State and Federal Legislative Update for 2021

July 2, 2021
Boston, MA CAI Legislative Action Committees (LACs) work to effect change and monitor state as well as federal legislation that will impact communities around New England.
IFMA Boston hosts Annual Golf Classic

IFMA Boston hosts Annual Golf Classic

July 2, 2021
Boston, MA Even though there were thunderstorms forecasted for the entire afternoon of the tournament, the golfers received a glorious fair weather day and a tournament with no COVID restrictions.
IFMA’s FMForward Podcast hits 2,500 downloads

IFMA’s FMForward Podcast hits 2,500 downloads

July 2, 2021
Boston, MA The IFMA Boston FMForward podcast has hit 2,500 downloads. This is FM Forward, a podcast brought to you by IFMA Boston and hosted by Jackie Falla, about the rapidly changing landscape of facility management and how to remain on top of your game.
Shelbourne Global Solutions, LLC partners with Axela Group to close on 50 Morgan St. for $22 million - plans to convert to apartments

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

July 2, 2021
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

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

July 2, 2021
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

Herrick Lutts Realty Partners completes $11.88 million sale of 70-unit community - purchased by Cran...

July 2, 2021
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

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

July 2, 2021
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

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

July 2, 2021
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

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

July 2, 2021
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

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

July 2, 2021
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

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

July 2, 2021
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

Paulsrud appointed to co-lead JLL Capital Markets in Boston

July 2, 2021
Boston, MA According to JLL, senior managing director Brett Paulsrud has been appointed to co-head the Capital Markets team in its local office.