A Compendium of Property & Capital News
BILLERICA—A truly flexible, two-building office/R&D property featuring several medical tenants including Lahey Clinic is the latest conquest for Jumbo Capital
BROOKLINE—Today’s purchase of 880 Commonwealth Ave., a mixed-use building fronted by national retailers, has been the Grossman Cos.’ goal “for a very long time,” Co-President Jacob M. Grossman tells Real Reporter in completing the $19 million deal, and being legacy owners of the abutting 860-872 Com
BOSTON–During his six-plus decades in the Greater Boston commercial real estate industry, McCall & Almy founder and president, Bill McCall has seen his share of disastrous downturns. The Great Recession, the aftermath of 9/11 and the fallout from the bursting of the dot-com bubble are still fresh in
CONCORD—Familiar faces in metropolitan Boston’s CRE realm have come together here at the landmark 300 Baker Ave. office campus where Novaya Real Estate Ventures today handed the 410,000-sf property over to Taurus Investment Holdings at a price tag of $74.5 million. Negotiated exclusively by Newmark
EAST BOSTON—An industrial building lining Route 1A on its approach to Logan International Airport has been acquired for $10.5 million by neighboring landlord Cargo Ventures in a transaction smacking of a larger redevelopment play, market watchers are saying of the deal starring Grossman Cos. as sell
WESTFORD—RAM Management Co. is bucking the industry’s cautious approach—sort of—fomented by the Coronavirus disaster, with the investor committing to purchase a 165,800-sf flex/office campus here from Curo Enterprises in a deal listed through CBRE Capital Markets. Market watchers estimate 3 and 5 Ca
LOWELL—Much of America’s CRE universe has been brought to its knees by the malefic Coronavirus, but at least one transaction has withstood the tumult, a $12.9 million trade where two homegrown operations have exchanged a plucky R&D building seller Novaya Real Estate Ventures secured eight years ago
BOSTON—If the concept of “a quiet side street right off Centre Street in Jamaica Plain” does not sound fantastical enough to those familiar with the major artery that live-streams traffic 24/7 through the thickly settled neighborhood, Hunneman’s active listing of 30 apartments at 14-16 Lakeville Rd.
MEDWAY—In the spirit of Leap Year, a San Francisco-based investor is jumping feet first into the 2020 CRE buying season, according to sources who report Berkeley Partners is about to purchase a 163,000-sf flex/industrial facility from 51 Alder St.’s builder, Conroy Development. An exclusive listing
BOSTON—A rare opportunity to buy into the renowned Newbury Street retail landscape has cropped up with a fresh listing being offered through Cushman & Wakefield, market watchers are relaying amid predictions the legacy asset which last changed hands when Michael Dukakis was a presidential candidate
READING—There was some assembly required, but builders of a luxury apartment project steps from Reading’s MBTA commuter rail stop have seamlessly harvested The Metropolitan at Reading Station for $27.5 million mere months after finishing their 68-unit endeavor branded as The Met. Listed exclusively
BOSTON—Eyeing future repositioning of the 1.6-acre site where Boston’s MidTown Hotel has sat since 1961, the landmark Back Bay inn has been taken over by National Development via a 99-year ground lease from The First Church of Christ, Scientist. Suffolk Registry of Deeds yesterday recorded an agreem
CAMBRIDGE—It is a “Sweet 16” prospect that has nothing to do with March Madness, but Horvath & Tremblay is sporting a new multifamily exclusive promoted as a trophy asset market watchers anticipate a fight to the final buzzer for, given the 28-unit building’s position barely a three-point toss from
