CL Waterfront Properties, owned and operated by North End waterfront resident Carmela Laurella, has joined Boston Realty Advisors, a Back-Bay commercial and residential brokerage.
The seven person team at CL Properties will remain at their current location, 112 Union Wharf, on the North End waterfront. Boston Realty Advisors, led by CEO Jason Weissman, has an employee base of approximately 75 people across the city. Both firms are privately owned and terms of the cash deal were not disclosed.
Attracted to the broader infrastructure of the larger firm, Laurella told the Boston Business Journal, “They’re just so thorough, and they’re involved in so much. We’ve always operated by ourselves — I think this just gives us more strength.”
Founded in 2010 by Laurella, CL Waterfront Properties has had sales totaling over $1 billion averaging over $100 million annually. Over the years, the firm expanded its footprint on the waterfront from the North End toward Downtown Boston and more recently, the Seaport District. One recent listing highlighted 4,200-square-foot condominium penthouse in the Seaport offered for $9.2 million.
Carmela Laurella and her team are longtime sponsors of NorthEndWaterfront.com and contributors to our real estate news. In addition to Carmela, members of CL Properties team include Vito Ascolillo, David Costello, Travis Sachs, Scott Accorsini and Michael Kelleher.