WESTFORD — Hitting 80 percent on the pre-leasing scale is more of a benchmark than a milestone, but whatever one calls the situation at Cornerstone Square, its latest achievement reflects continued progress at the 238,000-sf project now going at superspeed towards an autumn opening after years in th
BOSTON — Mayor Thomas Menino often jokes at CRE and construction events that his favorite bird is “the crane,” a reference to the vital piece of heavy equipment that signals steel is going up on large-scale construction projects. This Wednesday, Menino would have been thrilled at the sights on NAIOP
MALDEN — Its closing kicked into the second quarter, but a local investor has consummated the acquisition of a 265-unit multifamily portfolio situated here and in neighboring Medford. Marketed by NAI/Hunneman Commercial Co., the $23.5 million disposition to Anwar Faisal by a private partnership was
BOSTON—Showing signs of renewed vigor in the Hub’s hotel sector, Holliday Fenoglio Fowler has secured $48 million in construction financing through US Bank to erect a 175-room Residence Inn by Marriott that will be sited mere blocks from Fenway Park. The builder is Boylston Properties, a local
CAMBRIDGE — As predicted by its brokers when first put on the block in January, a portfolio of 53 Harvard Square apartments in two venerable buildings brought suitors from the ends of the earth for a fast and furious process that has resulted in a $16 million
FRAMINGHAM — A surplus office building taken on by Colony Realty Partners in its 2008 portfolio purchase of several MetroWest assets has been traded to another homegrown investment group in a $6.43 million transaction negotiated by NAI/Hunneman Commercial Co. The purchase by Jumbo Capital Management
BOSTON—While some folks approach their 30th birthday with a bit of trepidation, the members of NEWiRE (New England Women in Real Estate) welcomed the milestone with open arms on Wednesday night, celebrating the group’s three decades during their Annual Achievement Awards dinner at the Fairmont Cople
BOXBOROUGH — During its 15-year run as a real estate investment vehicle traversing eastern Massachusetts, Fairlane Properties has embarked on its share of risky routes, buying challenged properties in immediate need of leasing, management or physical TLC to overcome vacancies or harsh economies. But
BOSTON— Jones Lang LaSalle’s Capital Markets Group wrapped up two big deals this week, one of property and the other personnel. The group led by Managing Director Scott Jamieson closed on the $40 million sale of One Faneuil Hall Sq., a stylish office/retail building on the edge of Quincy Market and
Enhanced Use Leasing Seen as Effective Tool in Giving Old Military Bases New Life EDWARD S. HERSHFIELD BOSTON — Throughout Massachusetts, and virtually every other state, there are prime pieces of real estate which could be further developed. Unfortunately, there is one significant obstacle
BOSTON — A diverse quartet of retail tenants signing on at 77-91 Franklin St. has brought the retail space there to full occupancy, Perry Brokerage Associates announced this week in a press release. The group represented landlord A.W. Perry in the 9,775-sf of commitments that were secured in the
NORTON — Contenders for flex/industrial space at 176 S. Washington St. can forget that option now that current tenant Bodek & Rhodes has snatched the remaining 80,000 sf landlord Paradigm Properties had available until striking a seven-year “blendand- extend” renewal filling the entire 209,000 sf
BOSTON—If one thing can be gleaned from the MIT Center for Real Estate’s Global Forum last Friday, it is that the region’s commercial real estate community is not easily distracted. On a stunning April day with clear skies and temperatures in the 70’s, and the 100th Anniversary celebration of Fenway