BOSTON — As Tolkien’s classic trilogy, “Lord of the Rings,” draws to a close, Frodo stands at the lip of Mt. Doom to throw the powerful ring into the volcano and thus destroy it. As the ring sinks into the lava, the volcano erupts, threatening the lives of Frodo and his companion. Like the brave
BOSTON — Ever since therealreporter. com revealed that Boston Properties is intent on buying Bank of America’s Hub headquarters, industry watchers and others have been trying to make sense of the hefty $600 million agreement, a preemptive pact that appears to circumvent any widespread
WARWICK, RI — After a bleak 2011 for commercial real estate across all product types, the Ocean State is beginning to see signs of an early spring thaw in the industrial market, according to Michael Giuttari, president of MG Commercial Real Estate. Giuttari engineered the $1.38 million sale of 522 J
BURLINGTON — Diversified Project Management has completed a two-pronged construction and relocation project encompassing 80,000 sf at 5 Wall St. The initiative included a 55,000-sf assignment for Jones & Bartlett, a subsidiary of Ascend Learning that has consolidated regional operations on the build
WOBURN — It may have a relaxing handle, but the new owner of Country Club Place Apartments is hardly lounging at the 48-unit property. Having just closed on the three-story structure that dates to 1960, multifamily investor Philip Privitera is already sinking capital into the asset that had been in
MAYNARD — The expansive landscape of suburban MetroWest accommodates large commercial real estate developments, and one such property sporting in excess of 500,000 sf has come available for sale. The flex/office campus at 129 Parker St. is being listed by NAI/Hunneman Commercial Co., with the owner
CAMBRIDGE — Ask and ye shall receive—or be able to buy at least—as evidenced from a Whole Foods Supermarket and adjacent Rite-Aid Pharmacy in a thickly settled neighborhood being traded to a New York REIT keen on Bay State retail. The Whole Foods grocery at 330 River St. has already changed hands fo
CAMBRIDGE — Now that Dinosaur Capital Partners and Morris & Morse have secured the (current) Vertex Pharmaceuticals headquarters, the partnership acknowledges there are plans for the four-building, 1.2-acre complex—plans in a plural sense, that is—and the potential paths are quite divergent. The $6.
STOUGHTON — Continuing to expand its retail platform across New England, Katz Properties of New York has acquired an 80,000-sf strip center here in this south suburban Boston community. CBRE/New England’s Capital Markets Group negotiated the $15.4 million trade between Katz and Invesco Real Estate,
BOSTON — Much like the diners streaming from its four full-service eateries, Liberty Wharf’s office space is full. The new mixed-use project built at the home of former Boston Harbor landmark Jimmy’s Harborside Restaurant has executed a trio of leases to plug the remaining 7,300 sf of first class of
MALDEN — They might not have been there at the opening stroke of 2012, but NAI/Hunneman Commercial Co. multifamily brokers Carl Christie and Dan McGee have logged considerable hours in this Boston suburb both before and after the new year. Having closed out 2011 by completing a $6.8 million apartmen
WEST BRIDGEWATER — A hulking warehouse saddled by debt in the recession has found new life following its sale to a disparate partnership, as One United Dr. yields $7.6 million thanks to a hybrid marketing process involving an auctioneer and CBRE/New England’s Capital Markets Group.
ANDOVER — In the world of commercial real estate, engineering and tax services—especially when combined in one discussion—usually aren’t hot topics at CRE gatherings. But mention energy efficiency and cost savings, and ears will perk up, particularly among those on the development side.