WOBURN — Cummings Properties, a pioneering proponent of green practices, is continuing the commitment to sustainability for its 10-million-sf portfolio, recently completing a year-long energy efficiency project covering 40 properties. The endeavor will save tenants nearly $1 million collective dolla
BOSTON — A one-time auto dealership converted into office and retail space by the Grossman Cos. is undergoing yet another rebirth after the property at 860-872 Commonwealth Ave. saw two prime tenants succumb to the 2008 recession. Losing key tenants Mattress Discounters and Ski Market is quickly fad
BOSTON — The Colliers International Capital Markets Group did a little of everything in 2011, and team leader Lisa M. Campoli says listings for the coming year are similarly diverse, with even more opportunities emerging as owners respond to a flurry of funds targeting the robust Greater Boston land
BOSTON — The focus of the night was on recovery, and No, it wasn’t an episode of the A&E series Intervention. The recovery of the Massachusetts economy and the budding revitalization of the Greater Boston CRE market proved the general themes of Colliers International’s 33rd Annual Trends in the Real
BOSTON — If there is anything that stands out about the early going of 2012 for the city’s office sector, it might be the hefty size of the question marks facing landlords as they cling to hope that an improved 2011 will translate into continued gains in the coming months. According to industry obse
BOSTON—Health insurance kingpin Blue Cross Blue Shield of Massachusetts is mulling a move from Landmark Center to the John Hancock Tower—one of the most expensive buildings in New England—industry sources are telling therealreporter.com. A proposal “is definitely out” for approximately 300,000 sf in
BOSTON—A multi-faceted assignment helping online services group Communispace Inc. relocate to the Hub’s new Atlantic Wharf office tower on Boston Harbor has been completed, report officials at Diversified Project Management. Owned by Boston Properties, the 31-story, 750,000-sf tower that opened last
BOSTON—Signifying ongoing support for the evolving student housing sector, Arbor Commercial Funding has refinanced The Lofts Apartments in Morgantown, West Virginia. A 10-year, $21.2 million instrument backed by the 218-unit property was funded under Fannie Mae’s DUS Dedicated Student Housing line,
BOSTON—In terms of amassing sustainable credentials, Jones Lang LaSalle is ahead of its game—way ahead. Ambitiously setting a year-end 2012 goal of having 1,000 JLL professionals recognized by the US Green Building Council or holding similarly respected designations, the global real estate services
BOSTON—First American Mortgage Trust has acquired a 10,000-SF office building in a transforming Brighton neighborhood, picking up the two-story property for $1.8 million. Broker Dan Gardner of CRG Commercial negotiated the deal, procuring the buyer on behalf of seller O &W Realty Trust. The 24-year-
NORTH READING—A 92,000-sf warehouse parked off Interstate 93 is not exactly standard fare as a reunion venue, but the $8.2 million purchase of 200 Riverpark Dr. by Atlantic Management Corp. has brought that local investor back together with the building’s tenant, Shire Pharmaceuticals. Framingham-ba
LEXINGTON—King Street Properties continues to move forward with a stated mission to enlarge its suburban portfolio and take advantage of the cramped East Cambridge lab space market with the signing of a new tenant to a 20,000-sf lease, a commitment preceded by the quiet acquisition of a 40,000-sf ad
BOSTON—Particularly on multifamily listings, Boston Realty Advisors brought its investment sales platform up to another level last year, and the firm is beginning 2012 from a lofty perch as well, having been retained to market a prized hilltop site in Brighton that principal Christopher D. Sower pre