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Category: Owners Developers & Managers
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
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
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
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
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.
Legacy Real Estate Ventures, LLC acquires 31,000 s/f property for $4.1 million
June 25, 2021
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
June 25, 2021
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 tw...
June 25, 2021
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 refrigerat...
June 25, 2021
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
June 25, 2021
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...
June 25, 2021
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
June 25, 2021
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
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