WALTHAM—Lincoln Property Co.’s deliberate journey to develop 140,000 sf of first-class laboratory space on the infill site of a 1960’s office building is taking a big step forward through Metropolitan Life’s commitment to come aboard as joint venture partner, sources are indicating to Real Reporter
Instead, it took an even $10 million for one local investor to outduel a lineup of competitors eager to take over the brick-faced building which last traded in 1974 at a consideration of $560,000. Another impressive metric reflecting how things have changed comes via the razor-thin capitalization ra
MEDFORD—Pricing for The Sphere, this inner suburb’s freshly minted 42-unit luxury apartment building, has proven expectedly stratospheric barely six months after being put up for sale by developer Dark Horse Capital Partners. In a just-completed transaction negotiated via JLL, Bulfinch Cos. spent $2
BOSTON—The answer is Clarion Partners. The question: Who is winning bidder for ONE Marina Park Dr., the pioneering 492,000-sf Fan Pier office tower being sold by Barings and Fallon Cos. through exclusive agent JLL?
MANCHESTER, NH—Albany Road Real Estate Partners, which has assembled a vast national portfolio of industrial, office and retail assets this decade, has returned to the Granite State where its platform launched seven years ago. The Hub-based company on Tuesday secured a 593,000-sf portfolio of flex/i
BOSTON—A plucky Back Bay office property pre-dating the Prudential Center is thriving in the new millennium, as evidenced in its pending sale to a pair of national CRE heavyweights, with market watchers indicating to Real Reporter that 535-545 Boylston St. is being acquired by Investcorp and Brickma
BOSTON—A pair of prized CRE sales are moving forward in Boston’s vibrant South End and Seaport districts, the first Benjamin Franklin Institute of Technology’s campus at 41 Berkeley St. being harvested through JLL Capital Markets, while the latter is a net-leased laboratory building “in the path of
NEWTON—After three previous trades already this millennium, a re-purposed tennis facility here at 135 Wells Ave. is being served up again, this time as a leasing or sale opportunity through commercial real estate firm 128 CRE, with unofficial pricing estimates between $18 million and $20 million for
ANDOVER—CRE investor NorthBridge Partners, which earlier this year expanded to the southeastern US, is back buying in suburban Boston, with the homegrown firm acquiring a stabilized flex building here for...
WATERTOWN—Walker & Dunlop’s new spotlight on Boston’s sizzling multifamily market comes with a timely example of the sector’s popularity, the apropos prop being Harbor Group International’s $76.1 million purchase of Riverbend on The Charles just outside Watertown Square. The first-class. 170-unit ap
BOSTON—Invesco Real Estate Advisors has checked out of a landmark retail building in the center of Downtown Crossing the Dallas-based company has held since paying $127.9 million seven years ago this month, with market sources indicating exclusive broker JLL was the agent introducing pension fund gi
CAMBRIDGE—A fast-tracked Davis Cos. upgrade of 625 Mount Auburn St. near Harvard Square has culminated in a $57.5 million sale of the first-class, 137,400-sf office building to North Colony Asset Management and Paradigm Properties with $35 million in financing provided from Jackson National Life Ins
BOSTON—This spring’s JLL and HFF Capital Markets merger has spawned little in departures of top personnel from either camp, but competitor Institutional Property Advisors is beaming about their hiring of “trailblazing” H