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
BOSTON—Having already pegged Lincoln Property Co. to manage its new trophy at 53 State St. in the Hub’s Financial District, UBS Investments has completed another piece of the real estate services puzzle by retaining Cassidy Turley FHO as exclusive leasing agent at the 40-story tower known better as
EXETER, NH — Delivering a dual boost of good news to the Exeter Commons Shopping Center, NAI Norwood broker Chris McMahon has leased more than 6,000 sf to be occupied by Exeter Paint and G&T Flooring By Design. The two locally owned businesses have shared retail space on Portsmouth Avenue in Stratha
BOSTON — A non-profit group championing ethics in the life sciences and medical research arena has moved from the Fenway district to 20 Park Plaza, taking 5,100 sf in a 10-year commitment. Newmark Knight Frank advised tenant Public Responsibility in Medicine And Research, or PRIM&R, while Lisa Saund
PLYMOUTH — In a $2.85 million deal financed by Pilgrim Bank and negotiated by Boston Realty Advisors, the Woodcrest Apartments community has changed hands for the first time since 1987. Long-time owner Gordon A. Pulsifer harvested the two-building, 24-unit property to a Brookline investment firm led
FRAMINGHAM — Genzyme Corp. strengthened its long-term commitment to the suburban MetroWest region by acquiring a 65,000-sf flex/office building here over the holidays, picking up 10 California Ave for $8.1 million. The trade was engineered by R.W. Holmes representing seller Columbia Electric Co. an