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• December 11, 2013
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  JLL Completes Sale of Reading Commons; 204-unit Complex Trades for $63.1M to JPMorgan

  December 11, 2013 | Joe Clements

  READING—Reading Commons has found a buyer in an offshoot of JPMorgan, as the New York-based investor shells out $63.1 million to secure the upscale apartment complex overlooking Interstate 93 10 miles north of downtown Boston. Jones Lang LaSalle completed the exchange on behalf of

• December 05, 2013
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  Universal Rolls on With $25.6M Multifamily Buy, Focus on Weymouth Deal; CBRE Listed

  December 05, 2013 | Joe Clements

  WELLESLEY—A garden-of-eden style apartment complex in this upscale suburb has fetched what one might expect—a big price—in its $25.6 million exchange from Eastern Development to a Newton firm rapidly expanding its residential portfolio. Universal Properties is now separately targeting Weymouth Place

• December 04, 2013
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  R.J. Kelly Leads Late Charge in Burlington; Hometown Investor Buying Third Asset

  December 04, 2013 | Joe Clements

  BURLINGTON—R.J. Kelly Co. is making up for lost time—fast—in a campaign to increase its CRE holdings here, with the hometown operation on the verge of buying 10 and 20 Mall Rd. from Boston Properties for approximately $30 million, a deal being negotiated through Cushman & Wakefield. Expected by year

• December 03, 2013
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  NYC Investor Buys Hub’s One Washington from AEW/Saracen; JLL Listing Fetches $56.7M

  December 03, 2013 | Joe Clements

  BOSTON—A Gotham-based investor has acquired One Washington Mall, an older but supremely located office building sandwiched between the Hub’s Central Business District and Government Center. Being listed through Jones Lang LaSalle, the 17-story, 156,000-sf property traded for $56.7 million, according

• December 02, 2013
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  Maric Hires BRA Team to Market Needham A Street Property

  December 02, 2013 | Joe Clements

  NEEDHAM — The former Gold’s Gym at 130-150 A St. is hardly a work of art visually and is presently vacant, but that does not keep Boston Realty Advisors principal Jeremy A. Freid from dreaming of a similar outcome to the 39,600-sf building as occurred in two prior trades handled in the Newton/Need

• November 25, 2013
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  TIAA Seaport Buy Near $60M Amid Frezny of Demand; Divco Trading Asset Via HFF

  November 25, 2013 | Joe Clements

  BOSTON—For a non-descript, renovated warehouse set on a half-acre of landfill from the Great Boston Fire of 1872, 51 Sleeper St. is getting plenty of attention these days, its main selling point being at the gateway of the Hub’s booming Seaport District, and that strong suit is spurring the asset’s

• November 22, 2013
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  Blackstone Yielding $540M+ Via 2 Trades; C&W Broker for Cntr PLZ, HFF Listing Wellesley Office PK

  November 22, 2013 | Joe Clements

  BOSTON—With the holiday season at hand, investors are already gearing up for a 2014 CRE spending spree in Greater Boston, and two Blackstone deals are leading the frenzied throng, as Shorenstein Properties has reportedly tied up Center Plaza in the heart of Government Center for more than $305 milli

• November 22, 2013
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  NAIOP/SIOR Annual CRE Review and 2014 Forecast Draws Packed Audience to Hub’s Seaport Hotel

  November 22, 2013 | Joe Clements

  BOSTON—Trade events rarely spark dancing in the aisles, and at Wednesday’s NAIOP/SIOR 2013 review and preview of the 2014 CRE campaign, there were again few signs of emotion beyond standard polite applause among nearly 350 attendees packing the Seaport Hotel ballroom. But considering largely posit

• November 18, 2013
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  Veritas at Harvard Square Hotel Yields $13 Million in Sale

  November 18, 2013 | Joe Clements

  CAMBRIDGE — Three years after opening, the Veritas Hotel at Harvard Square has changed hands for $13.0 million. Records indicate the buying entity is connected to Dr. Gerald L. Chan, the wealthy industrialist who has been buying up commercial real estate at a voracious clip, with a focus on Harvard

• November 15, 2013
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  Stars Shine at NAIOP MA Annual 2013 Gala

  November 15, 2013 | Mike Hoban

  BOSTON — NAIOP Massachusetts held its annual Distinguished Real Estate Awards Gala Thursday night at the Westin Boston Waterfront Hotel to honor four of Greater Boston’s most impactful individuals and their organizations for work not only in the commercial real estate industry but their societal

• November 10, 2013
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  Niles Co. Reaps $21.2M Via Trade Of 116 Apartments to True North

  November 10, 2013 | Joe Clements

  BOSTON — Two long-held multifamily properties have changed hands here and in Somerville, as an affiliate of the Niles Co. sells 286-288 Chestnut Hill Ave. in Brighton and 136-138 Highland Ave.. in Somerville for a total consideration of $21.2 million. Marketed by CBRE/New England, the Avenues Port-

• November 08, 2013
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  Horvath, Tremblay Cash in on Net-Lease Fervor

  November 08, 2013 | Joe Clements

  CRANSTON, RI — Think of it as another way of saving, and $472 per sf spent to secure a ground lease on the 2,900-sf TD Bank here is perhaps more understandable, especially since the investors are hardly alone in the voracious pursuit of netleased real estate, a pattern Marcus & Millichap Vice Presid

• October 25, 2013
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  Gutierrez Seen Cresting $40M in Trading 175,000-SF Red Hat HQ

  October 25, 2013 | Joe Clements

  WESTFORD — The expanding regional headquarters of software firm Red Hat is being scooped up by Cole Realty Advisors at a price said to be approaching and possibly topping $40 million, sources are telling the Real

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