BOSTON—A new future appears imminent for 493-497 Commonwealth Ave., but just exactly what that might be for the erstwhile J.S. Waterman Funeral Home remains clouded following a New York firm’s acquisition of the three-building property that sits perched on the edge of Kenmore Square. Boston Realty
BOSTON—It has been barely a year since Avison Young fused with Essex River Ventures to establish a Boston outpost, and less than four months since veteran broker John “Jack” Kerrigan Jr. and several Grubb & Ellis colleagues including Steve Cook arrived on the scene, but the Canadian-based real
BOSTON—A REAL REPORTER EXCLUSIVE STORY -UBS Investments is buying Boston’s 53 State St. office tower from Brookfield Properties, therealreporter.com has learned. “It is under agreement,” insists one market expert, with the pricing said to exceed $600 million for the building also known as Exchange
WEST SPRINGFIELD, MA—A Brookline investor has acquired two garden-style apartment properties in western Massachusetts, picking up assets here and in neighboring Holyoke from the same ownership. Irwin Russell Oken’s purchases were backed by financing from Arbor Commercial Funding
MARLBOROUGH — Hines Global REIT has finally lassoed its MetroWest prize, closing on the Campus at Marlborough after a protracted final chapter elongated by a loan assumption to complete the transfer. Hines, which earlier this year acquired a prime asset on Route 128, paid $103 million for the
CANTON, MA—In one of suburban Boston’s largest leases of 2011, a Louisiana engineering firm that bought out Stone & Webster in 2000 has committed to 190,000 sf at 150 Royall St. here along Route 128 South. The high-end office building is occupied by owner OneBeacon Insurance, which is consolidating
It was assembled piecemeal over five years, but a portfolio of 28 Back Bay properties centered around Newbury Street has traded whole cloth to an Atlanta-based investor, a $226.5 million transaction likely to garner national—and perhaps international—notice. The beneficiaries are Taurus Investment
MARLBOROUGH, MA—The MetroWest has been a bear market for office landlords in recent years, but local owner David Ferris has had plenty of reasons to be bullish about 2011, especially upon landing a marquee tenant for his opulent office property at 325 Donald Lynch Blvd. NASDAQ Corp. will occupy in
BOSTON—A crowd exceeding 1,100 corporate and community leaders battled the early morning cold and rain Thursday to support the United Way's 18th Annual Real Estate and Building Industry Leadership Breakfast at the John B. Hynes Veterans Memorial Convention Center—and the United Way was the big
BURLINGTON, MA—Business software giant Oracle Corp. has emerged as winning bidder of 4 Van de Graaff Dr., sources are telling therealreporter.com, with pricing estimated around $16 million. The well-regarded 93,000-sf office building overlooking Route 128 was taken back this summer by Capmark
PROVIDENCE, RI—Rhode Island has had a choppy start to the decade, but a gleaming symbol of its success during the vibrant mid-2000’s is being made available here via Cushman & Wakefield’s Capital Markets Group. The world headquarters of lottery technology company GTECH could fetch north of $50
LOWELL, MA—One of the city’s most enduring property owners is offering up a diverse assemblage of Hamilton Canal District buildings, a 264,000-sf compilation that listing agent Jeremy Cyrier terms “a textbook value-add deal” featuring the treasured benefit of steady cash flow. The four-building
BOSTON—Perhaps it is gilt by association, or a sign that the value of Back Bay real estate extends past Newbury Street, but whatever the influences, Marlborough Street buildings continue to reap impressive results from investors. Following up on last month’s trade of a six-unit apartment building at