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Category: Owners Developers & Managers
Best practices for securing a cannabis facility - The five D’s: Deter, detect, deny, delay and def...
March 1, 2019
The cannabis industry has a significantly higher risk profile than other industries, and accordingly requires significant thought in order to properly secure a cannabis facility. Securing a cannabis facility requires a sophisticated plan of action to ensure inventory, personnel, logistics, and cash are secure and in compliance.
BudTrader.com has surpassed two million registered users
March 1, 2019
Boston, MA BudTrader.com, one of the world’s largest cannabis marketplaces in the U.S., has surpassed two million registered users and continues to reach milestones at a faster rate than any comparable site in cannabis or tech. BudTrader surpassed major cannabis sites Weedmaps and Leafly in user registration.
Invesco Real Estate purchases 17-story The Harlo for $150 million - sold by Skanska, in partnership ...
March 1, 2019
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
March 1, 2019
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
March 1, 2019
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
March 1, 2019
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 Rea...
March 1, 2019
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
March 1, 2019
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
March 1, 2019
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
March 1, 2019
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
March 1, 2019
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
Coppola, Welch, Poole and Jenkins of Colliers International completes $9.62 million financing for Be...
March 1, 2019
North Andover, MA Colliers International’s Boston-based Capital Markets group has secured $9.62 million of financing to recapitalize Berkeley Partners’ $14.8 million all cash purchase of 25 Commerce Way.
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