BURLINGTON—Investment fervor for office product in this Route 128 suburb continues at a blistering pace during the normally torpid summer season, an intense craving among capital evidenced in the pending purchase of Burlington Centre by a partnership of the Davis Cos. and Principal Financial. Eastdi
BOSTON—The owner of a prominent office tower in downtown Boston is selling 99 Summer St. to an affiliate of Cornerstone Real Estate Advisers, CRE sources are relaying to therealreporter.com. The 20-story, 272,600-sf structure has been owned by Normandy Real Estate Partners since that New Jersey base
BOSTON—It’s hard to believe that five years have passed since our nation’s devastating real estate crisis. After a multi-billion dollar taxpayer bailout to mortgage giants Fannie Mae and Freddie Mac, the two companies—more accurately, government sponsored enterprises (GSEs)—are posting record profit
BOSTON—It is all good—or nearly so—for the region’s office market, according to a mid-year review by Richards Barry Joyce & Partners that has only a fraction of submarkets posting negative numbers, and even those red results should be presented with a degree of optimism, according to RBJ Senior VP o
BOSTON—The longtime headquarters of Fidelity Investments, encompassing an entire block in Boston’s Financial District, is being purchased by a partnership of the Beal Cos. and Related Cos., sources are relaying to therealreporter.com. “I’m told they have it under agreement,” one source says of the o
CAMBRIDGE — These days, this city’s biggest commercial real estate competition appears to be internal, at least when it comes to the struggle to find space in the ever-tightening East Cambridge district. The latest bioSTATus review from Richards Barry Joyce & Partners says demand for office space
BOSTON—As “jewel box” buildings go, One Liberty Square is a rather imposing bauble, which may explain why the curved, ornate structure that consumes an entire Financial District block is anticipated by some to fetch upwards of $50 million after being listed for sale this week by Cushman & Wakefield.
WOBURN — A soon-to-be-released study by market specialist DiCicco, Gulman & Co. indicates that local architectural and engineering firms are finally enjoying a steady increase in work as the economy continues its recovery. “Slow and steady is what we’re seeing in the numbers and in talking with firm
FRAMINGHAM—A well-known local firm has entered the fray in the exchange of 111 Speen St. by RREEF, as Marcus Partners on Tuesday paid a reported $14.5 million to secure the first-class, 110,000-sf property with financing from Cambridge Savings Bank. Richards Barry Joyce & Partners has now been retai
BURLINGTON—A 103,000-sf office building overlooking Route 128 at the Route 3A interchange is being listed for sale through Jones Lang LaSalle, market sources are telling therealreporter.com. By some estimates, the first-class property could yield close to $240 per sf on behalf of a partnership lied
LOWELL—Taurus Investments has a global real estate platform, but the Boston-based firm possesses a substantial local presence as well, one added to in recent days with separate acquisitions here and in Newton totaling nearly $55 million. The company yesterday paid $20.2 million for Cabot Crossing at
READING—Capital sources starving for core multifamily have a rare morsel to fight over in the 204-unit Reading Commons, a first-class multibuilding apartment community abutting Interstate 93 one exit up from Route 128. Jones Lang LaSalle has emerged from a spirited competition to secure the listing
BOSTON—The Back Bay’s evolving landscape is being advanced in an overt way, as owners of the landmark Pucker Gallery have engaged Boston Realty Advisors to trade 171 Newbury St., a five-level, 8,500-sf structure that last changed hands in 1979. The multi-faceted strategy includes a three-year sale/