BOSTON—An iconic Back Bay office mid-rise is being pitched to investors, as One Exeter Plaza joins a growing list of Class A properties being offered to core-centric capital willing to pay a premium for top product. Nicknamed the “Darth Vader Building” due to an architectural critic’s lasting
BEVERLY, MA—For jittery capital seeking commercial real estate on the safe side of the street, Colliers International has a new listing Capital Markets team leader Lisa M. Campoli anticipates will be right up their alley. The 15-year sale/leaseback opportunity of the Axcelis Technologies world
BOSTON—It is mere weeks now until All Hallows Eve comes to pass, and in the retail business, that means the beginning of the ‘popup’ season—short term lease stores— which have seen a dramatic increase in volume since the recession hit in 2008. The proliferation of Halloween-themed popup stores began
BOSTON—The tale of an office market recovery appears to be a cautionary one. Even Q3 results showing positive net absorption and rent increases for hot districts such as the Back Bay and East Cambridge are being issued amidst trepidations that the global economic malaise is finally infecting Bay
BOSTON—A nine-figure bid has landed one of Downtown Crossing’s most prominent commercial buildings, as Invesco Real Estate Advisors has completed its purchase of 350 Washington St. for $128 million. Among one of Boston’s top investment deals of 2011, the transfer from Boston Retail Development LP
WESTBOROUGH, MA—Continuing a pursuit of Interstate 495 industrial assets—and finalizing a deal that commenced in mid-August—TA Associates Realty is set to consummate its $21-million-plus purchase of a 450,000-sf portfolio along Route 9 in the Otis Business Park. Via its Realty Associates Fund IX
BOSTON—Eager teenagers vying for the latest version of torn designer blue jeans could not match the ardor seen among investors for Newbury Street real estate, and now that Jamestown Properties has committed to a supersized portfolio of 23 buildings put up for sale earlier this year, one-off
BOSTON—An Atlanta-based investment firm has agreed to buy 23 Back Bay retail properties concentrated on Newbury Street, industry sources are telling The Real Reporter. “Yes,” one insider maintains of Jamestown emerging as winning bidder following a spirited competition that will see pricing
BOSTON—A portfolio of 516 apartments has been reshuffled via two separate transactions, one of them featuring the Hamilton Cos. buying 135 units in Allston for $22.5 million. In the other arrangement, specifics of which remain sketchy, Forest Properties
NEWTON, MA—No one going to real estate brokerage events with any regularity has the expectation of hearing bad news—even in the worst of times. But the Colliers International suburban office market review Thursday at the Newton Marriot provided a frank assessment of the choppy climate, with speakers
HINGHAM, MA—Communication is said to be the cornerstone of any successful relationship, and that element is being credited as the foundation enabling fast-track construction of the Center for Orthopedics, Spine and Sports Medicine at 2 Pond Park Rd. The three-story, 78,300-sf facility is slated to
BOSTON—Jonathan G. Davis has made what could arguably be deemed the hire of a lifetime, snagging former Boston Co. CEO Corey A. Griffin to serve as president of the Davis Cos., already among the most prolific buyers of commercial properties and debt in New England. The Scituate native who led his
WOBURN, MA—A Georgia-based investment firm today acquired two prime suburban corporate properties here off Interstate 93 that are leased to defense giant Raytheon Corp. Pricing for 225 and 235 Presidential Way was $85.3 million in a deal negotiated by Cushman & Wakefield. The purchase by Piedmont