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
BILLERICA, MA—Atlantic Management Corp. made a big splash closing out August through its $8.7 million purchase of a 110-acres business park in Marlborough, and the Framingham CRE firm has wasted little time since adding to its ever-evolving portfolio. Atlantic kicked off September by acquiring
CAMBRIDGE—Kendall Square wrapped up the summer by scoring two big life sciences leases – with Pfizer Corp. and Japanese drug manufacturer Esai’s “startup” H3 Biomedicine—but the big changes to the landscape will come when steel for a slew of scheduled build-to-suits starts going up, according to
ANDOVER, MA—Why the good die young is a painful question that has remained unanswered since the dawn of time. That the good die young was clearly understood again this week following the unexpected passing of Gary J. Lemire.
BILLERICA, MA—Global life sciences firm Millipore Corp. has signed a lease renewal here for nearly 40,000 sf of flex space, but the commitment could be just the tip of the iceberg. Industry sources claim the firm is deep in talks to relocate its worldwide headquarters from Billerica’s 290 Concord Rd
TAUNTON, MA—Fresh off orchestrating the $64 million sale of an Empire State power center, Eastdil Secured’s Boston team is taking on a retail assignment closer to home, having reportedly been engaged by owner RREEF to market Taunton Crossing, a 100 percent leased shopping plaza (pictured) parked
BOSTON—Two months after tying up 99 Chauncy St. in the city’s Midtown District, Synergy Investment & Development has closed on the 11-story, 96,000-sf office building (pictured), ending a spirited competition negotiated by Grubb & Ellis. The $12.8 million deal is the latest CRE conquest by Synergy,
LEXINGTON, MA—With the ink scarcely dry on a prime Wakefield portfolio sale that fetched $36.5 million this week, Cushman & Wakefield’s Capital Markets Group has already moved down Route 128 to Hayden Avenue and Spring Street, launching a marketing campaign here for Two Ledgemont Center