CL Properties Press
5
March
2012

How Much House Does A Million Dollars Buy You?

Filed under: Boston Luxury Condos, Boston Real Estate Market, Boston Waterfront Real Estate Market, CL Waterfront Properties NEWS, Featured For Sale, Prince, Uncategorized, Waterfront Boston. • Tags: , . By

63 Atlantic Ave. #11-E

MSN Real Estate recently posed this question, along with a slideshow of some million dollar properties nationwide – you can read the article here. Carmela Laurella was featured along with her exclusive penthouse listing in the Prince building, listed at $979,000. “(With) the combination of realistically priced homes, all-time-low interest rates and improving unemployment, consumers once again have confidence and feel that it is a good time to invest in property,” Laurella said. “Additionally, we have limited inventory on the waterfront and tremendous buyer demand.”

A million dollars buys you a lot of Prince Building condo in this case. A corner penthouse with a large private balcony facing the Harbor, this is a real value among Boston waterfront properties. Inside, cathedral ceilings and maple floors await, along with floor to ceiling windows, a large kitchen with skylight, and a master bedroom with en-suite bath and breathtaking views of the Zakim bridge and historic North End.

To find out more about this amazing penthouse or any of our other fine Boston luxury condos, contact CL waterfront today.

1
March
2012

Less Inventory Means Faster Sales – And A Stable Market

Filed under: Advice for Home Buyers, Advice for Home Sellers, Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Real Estate Market, Boston Waterfront Condos, Boston Waterfront Real Estate Market, CL Waterfront Properties NEWS, Luxury Real Estate, Waterfront Boston. • Tags: , . By

View of the Boston waterfront at night

Boston's Flourishing Waterfront

Inventory of Boston luxury condos and single family homes is at an all-time low, according to MLSPIN. Low unsold inventory is a key indicator of a stable market, a welcome sign for the city. Our own Waterfront neighborhood proved to be among the strongest in Boston, with a 36% drop in available inventory since the same time last year. Overall, the city’s real estate inventory showed a 17% drop in the same time.

Listings are staying on the market for less time as a result – a 12% drop from last year citywide – and list prices are trending upward, with an aggregate 10% increase since last year. One of the key factors here is a lapse in new construction – during the low point of the recent recession, the proliferation of new residential construction came to a crawl in the heart of town. Now, with demand catching up to supply, new projects to fill the growing need for Boston Waterfront real estate are still a few years from becoming a reality for discriminating buyers.

Whether you are looking to buy or sell a Boston luxury condo, this strong market means that it is more important than ever before to work with an outstanding real estate team. To learn more about these market trends, get a professional evaluation of your property, or tour the finest available Boston luxury apartments, contact the real estate leaders at CL Waterfront Properties today.

18
January
2012

North End / Waterfront Reviews Zoning and Licensing Process

Filed under: Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Real Estate Market, Boston Waterfront Condos, Boston Waterfront Events, Boston Waterfront Real Estate Market, CL Waterfront Properties NEWS, Luxury Real Estate, North End Boston, North End Events, North End Luxury Condos, North End Waterfront Condos, Waterfront Boston. • Tags: , . By

Zoning process revisited

At the January 12, 2012 NEWRA meeting held at the Nazzaro Community Center, there was a unanimous vote to revise the procedure for reviewing zoning and licensing applications for Boston waterfront properties. In the past the applicant needed to make a presentation in front of the full membership at monthly meetings. In a 28-0 vote, the association has agreed that it is not necessary to bring the matters of zoning or licensing in front of the entire membership if the issue does not raise community concerns.

Zoning and licensing matters have been the main focus of many of the NEWRA meetings in the past. With this revision, it will allow the membership to focus on other important issues that may surface in the community. Local businesses will also be saving time and money which would typically be allocated for community review. The zoning and licensing committee will continue to review all applications and enforce the neighbor notification policy.

To find out more about how this decision will impact the area, or to find out more about our available Boston Waterfront real estate, contact CL Waterfront Properties today.

23
December
2011

Home Sales on the Rise as the Holidays Approach

Filed under: Advice for Home Buyers, Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Real Estate Market, Boston Waterfront Luxury Buildings, Boston Waterfront Real Estate Market, CL Waterfront Properties NEWS, Luxury Real Estate, Waterfront Boston. • Tags: , . By

Holiday Spirit in Downtown Boston

With the holidays right around the corner, sales activity for Boston waterfront properties has increased. Not only has this activity been a trend along the Waterfront, November marked the fifth straight month in which home sales have improved nationwide, according to an article in the Boston Globe, December 22, 2011.

Real estate professionals agree that sellers have become more realistic about their Boston luxury condos‘ values. The Boston Globe recently quoted Sheryl Simon, a Principal with Benoit, Mizner, Simon & Co., about this topic: “The sellers have now realized that they are not going to get the prices their neighbors got in 2005, 2006, 2007”. Not only have home sales increased, but cash buyers are up about 30 percent compared to this time last year.

Whether you’re a cash buyer or taking out a mortgage, now is a great time with to buy, with motivated sellers and rates in the low 4’s. Don’t hesitate – contact CL Waterfront Properties today! Happy Holidays!

By: Chris Smith

13
December
2011

QR Codes – The Hottest Thing in Real Estate!

Filed under: Boston Waterfront Real Estate Market, Carmela Laurella, CL Waterfront Properties NEWS. • Tags: , . By

QR Codes are revolutionizing Boston real estate!

14 million Americans used QR codes this past June alone, according to a recent ComScore study – and useage is rising dramatically. You’ve probably already seen QR codes, although you might not know exactly what they do or what purpose they serve.

QR codes work a lot like the bar codes you see on items in the grocery store – with one major exception. Bar codes store minimal info about an item, typically the stock number and often also the price. QR codes are keyed to a specific URL – so they can take you with a quick scan of a smartphone to the web address of an amazing Boston luxury condo! We have been using QR codes for quite a while now, on pretty much any printed material we generate. The codes are a very simple and useful way to give people access to more information than you can share with someone in print – and by bringing people to your website, you can interact with them on a much more personal, social level.

Click the QR codes you see on listing sheets in the window of our Waterfront offices, on materials you print from this site, and on brochures you see at our open houses to go directly to full details about any of our fabulous Boston waterfront properties. To find out more about the luxury Boston real estate we represent or to learn more about how we use technology to help our clients sell for top dollar or find the perfect new home, contact CL Waterfront Properties today – or scan one of our QR codes with your smartphone!

8
December
2011

North End Celebrates the 2011 Tree Lighting & Trolley Tour

Filed under: Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Waterfront Luxury Buildings, Carmela Laurella, CL Waterfront Properties NEWS, Community Involvement, Events, Luxury Real Estate, North End Amenities, North End Boston, North End Events, North End Luxury Condos, North End Luxury Homes, North End Real Estate Market, North End Waterfront Condos. • Tags: , . By

It was a joyful occasion on the Prado on Sunday, filled with Christmas cheer and holiday spirit during the Macy’s Enchanted Christmas Trolley Tour and Tree Lighting presented by the City of Boston.

Men, women and children of all ages gathered together in the North End to observe the Tree Lighting with Mayor Tom Menino and welcome good ol’ Saint Nick.

The event featured a fantastic holiday scene as the trolley tour stopped by the Paul Revere Mall area with an assortment of carolers, caracters and North Pole inhabitants.

5
December
2011

New York Times features Penthouse 108 at Channel Center in “Great Homes & Destinations”

Filed under: Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Waterfront Luxury Buildings, CL Waterfront Properties NEWS, Featured For Sale, Luxury Real Estate. • Tags: , . By

Penthouse 108 at Channel Center

The New York Times recently showcased our listing of Penthouse 108 at Channel Center in their prestigious Great Homes and Destinations feature. Listed by Carmela Laurella, this fantastic 3 bedroom, 3 bathroom condo is offered at $1,350,000. The Seaport District is home to some fantastic luxury Boston real estate, and Channel Center is one of the best buildings in the neighborhood.

The Times piece spoke very highly of this unique penthouse, mentioning such amenities as the 144 bottle wine storage unit, double ovens and private balcony. The master bedroom offers views of Boston Harbor, and the building’s amenities include a full-time concierge and deeded garage parking. CL Waterfront Properties is proud to have our exclusive listing featured in the Grey Lady – read the full New York Times article here. To find out more about Boston waterfront properties such as this fine example, contact CL Waterfront Properties today.

29
November
2011

Leading Chinese Newspaper World Journal Reports on MA Housing Market, Mentions CL Waterfront Properties Sale of Manny Ramirez’ Condo

Filed under: Back Bay Boston, Back Bay Boston Real Estate Market, Back Bay Luxury Condos, Carmela Laurella, CL Waterfront Properties NEWS, Featured Sold Properties. • Tags: , . By

Interior view of the condominium formerly owned by Boston Red Sox star Manny Ramirez

Manny Ramirez' Former Home at the Ritz

A well-known Chinese newspaper, World Journal, recently reported about the Massachusetts housing market.  As the newspaper stated, “…whether million dollar homes or renovation of housing investment, more than one-third of all transactions were cash.” The luxury Boston real estate market has been kept in good stead largely by these prominent cash transactions.

The paper also reported on CL Waterfront Properties, LLC’s sale of the Ritz Carlton Boston condo which belonged to former Red Sox superstar Manny Ramirez.  This sale by Carmela Laurella was $5.550 million, the most expensive condo sold at The Ritz-Carlton in 3 years, and the 3rd most expensive condo sold in Boston this year.  This highly sought-after penthouse closed for over $1,250 per square foot.

To find out more or to get your own Ritz Carlton Boston or other Boston luxury condos, contact CL Waterfront Properties today.

By Howard Chang
Residential Sales

17
November
2011

New Development On The Rise In Boston’s Popular Neighborhoods

Filed under: Back Bay Luxury Condos, Boston Real Estate Market, Boston Waterfront Luxury Buildings, CL Waterfront Properties NEWS, Waterfront Boston. • Tags: , . By

Cranes lift girders onto buildings under construction in Boston's waterfront

New developments are on the rise in Boston

According to a Boston Globe article* published this morning, area developers are going before city officials this evening to seek approval to build several new residential towers. The creation of these new structures would add more than 1,400 units to the city. Low interest and vacancy rates, coupled with the high lease prices brought about current market conditions, have created an outstanding opportunity for developers to capitalize on large potential profits. Luxury Boston real estate is no longer limited to brownstones and waterfront condos – rental units in luxury developments across town are a hot ticket in today’s economic climate. Developers are eager to take advantage of this opportunity to build throughout the city, and to bring in higher profits than have been possible over the past several years.

The five proposed projects include a 404-unit apartment tower on Stuart Street; 318 back bay luxury apartments in a high-rise at Copley Place; 240 units along the Greenway in rapidly up and coming Chinatown; a 236-unit tower in the Seaport district; and 210 units in prime space on Boylston Street in the Fenway.

Mayor Thomas Menino commented that he and other city officials now receive proposals for residential development projects nearly every day, something he said has not seen for several years. According to George Fantini, chairman of mortgage banking firm Fantini & Gorga, “There has never been a better time in the last 40 years to develop a multifamily project in Boston.”

For more information about luxury Boston real estate developments, please contact Scott Accorsini or CL Waterfront Properties for more information. Our team of Boston real estate experts will be happy to help.

*Source: “Building Spree” by Casey Ross, Boston Globe 11/17/2011

11
November
2011

Potential Development at Commercial Wharf East!

Filed under: Boston Real Estate Market, Boston Waterfront Real Estate Market, CL Waterfront Properties NEWS, Commercial Wharf East, North End Waterfront Condos, Waterfront Boston. • Tags: , . By

Aerial view of the proposed development at The Pointe in Commercial Wharf, in Boston's Waterfront district

The Pointe offers a rare opportunity to develop on Boston's coveted Waterfront

“The Pointe” at Commercial Wharf, a development site comprised of 15,834 square feet of prime luxury Boston real estate, has recently been made available for purchase. This is an extremely rare opportunity for development along Boston’s prized Waterfront district, and the value of nearby North End real estate is sure to continue climbing as a result of this new development.

The Pointe is among the most coveted locations in Boston, offering superior access to and from some of the city’s finest neighborhoods. What makes development of The Pointe such a rare opportunity is this critical acessibility, not to mention the breathtaking views afforded of Boston’s iconic skyline.

Originally a humble docking port, The Pointe is a now an ideal location for deluxe residential and commercial space, and will surely be home to some amazing new Waterfront condos.  Contact CL Waterfront Properties, LLC today for more information on The Pointe and Boston’s Waterfront district. If you are in the market to develop premium property, don’t miss this chance of a lifetime to make a lasting impression on Boston’s Waterfront!

CL Properties | 112 Union Wharf | Boston MA 02109 | Tel: 617.624.9700 | Fax: 617.624.9701 | Email: info@clproperties.com
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