DANVERS, MA—Despite thriving for decades as a light bulb manufacturing plant, 75 Sylvan St. (pictured) began the new millennium cloaked in darkness, and one failed repositioning after another gave little hope that the cavernous 273,000-sf complex would ever emerge from its shadowy recesses. The
BOSTON—Teachers Insurance and Annuity Association has finalized its purchase of 33 Arch St., the high-end Financial District office tower (pictured) that drew suitors from across the globe. Negotiated by Eastdil Secured, the $365.7 million transaction on behalf of AREA Property Partners eclipses $60
CHELMSFORD, MA—After a six-year hiatus, Farley White Interests is again at the helm of 150 Apollo Dr., buying the three-story Class A office building back from a Georgia investor who had held ownership since May 2005. Boston-based FWI developed the 80,000-sf building in 2000 before Wells Real Estate
NEWTON, MA—A high-end Maryland shopping center built by New England Development Corp. is being primed for sale, according to industry sources reporting that Cushman & Wakefield’s retail team has been retained to market The Shops at Wisconsin Place. Some estimate pricing could approach $130 million
ANDOVER, MA—The latest Interstate 495 North statistics are not especially encouraging for office landlords, but even with available space near one-third of inventory in multiple surveys, a sense of doom has not pervaded the landscape, according to observers who insist there is reason for optimism.
WOBURN—Albeit headed in opposite directions strategy wise, Colony Realty Partners and Fairlane Properties have both been traversing Route 128 of late, and this week the CRE investors crossed paths here at 275 Wildwood Ave. in a $16.1 million transaction. Newton-based Fairlane bought the 174,000-sf w
BOSTON—Even in a darkened funeral home, things are pretty lively for Back Bay real estate, as evidenced by a pair of listings being handled by Boston Realty Advisors. They include the former J.S. Waterman Funeral Home, an ornate property on the edge of Kenmore Square that was shuttered several years
WAKEFIELD, MA—FM Global must feel good about its 2009 purchase of 330,000 sf at the Edgewater Office Park—because the firm’s real estate arm is doing virtually the same thing all over again, this time agreeing to buy a trio of buildings there from Teachers Insurance and Annuity Association. Being
CAMBRIDGE—When it comes to commercial real estate in West Cambridge, the long view appears to be the sunniest one, or so it would seem following this week’s $81.5 million sale of 125 and 150 CambridgePark Dr., acquired by the Blackstone Group from Barclays Bank after a spirited competition led by in
SHREWSBURY, MA—One of the mid-state’s premier apartment communities is being acquired by a New York-based investor already active in Greater Boston, as Home Properties moves towards a July closing on The Commons at Haynes Farm. Pricing for the 10-building, 302-unit property remains unclear, but
BOSTON—There are some good signs present as the city’s long-suffering office market gropes for firmer footing, perhaps the most important sort being a lease signing for nearly 70,000 sf. That would be LPL Financial committing for 11 years at 75 State St., the glitzy 31-story office tower emptied out
Story Updated July 5th, 7:42 PM BOSTON—An assemblage of 23 prized properties concentrated along the Hub’s famous Newbury Street could fetch $175 million and possibly north of that estimate, according to industry experts. As revealed on Monday at therealreporter.com, owners Taurus Investments and Urb
CANTON, MA—A sleek, three-story office building whose foreclosure by Wells Fargo Bank exemplified the economic recession of 2008 is getting a new lease on life in more ways than one, as Lojack is taking the entire 63,000 sf left fallow when anchor tenant Tweeter Entertainment went bankrupt. Brokered