BOSTON—Some breakups are more complicated than others, and then there are those that just seem that way. Case in point on the latter would seem to be the continued reshuffling of a partnership between investors Jonathan G. Davis and Paul R. Marcus, longtime colleagues who opted to go their separate
NEEDHAM, MA—A package of properties acquired five years ago by Commonfund Realty and partner Cabot Cabot & Forbes has been sold for $21.05 million to Normandy Realty Partners. The transaction would appear to quash plans to erect a modern office park at the assemblage of properties, largely older
As they prepare for a volley of tenants seeking space in an improving economy, the owners of The 495 Business Center are also mindful of holding on to what they already have, and that strategy has led to a pair of sizeable five-year renewals
BOSTON— Capital One NA has stepped up with a fresh round of financing for 99 Summer St., the Hub’s red-roofed office tower owned by Normandy Real Estate Partners. A junior mortgage of $13.0 million was delivered along with another $42.0 million for New Jersey based Normandy, best known locally from
BOSTON—As with other St. Patrick’s Days in Boston, there was much wearing of the green and drinking of the beer this week, and for hundreds involved in commercial real estate, there was Cushman & Wakefield’s annual Top O’ the Market investment sales review and forecast. Typically geared for
BOSTON—Colliers International sales specialist Lisa M. Campoli expected her firm’s listing of four commercial condominiums on Newbury Street would go fast, and that prediction offered to The Real Reporter in October has proven correct following their purchase by Linear Retail Properties. The
WALTHAM, MA—A pioneering office building reborn to accommodate new millennium tenants is being put up for sale, as National Development moves to harvest the 65,000-sf property amidst a thawing investment climate and surging Route 128 Central submarket. Eastdil Secured
MARLBOROUGH—Emerging EMC Corp. spinoff VCE is giving a shot in the arm to the struggling Interstate 495 West office market, with industry sources claiming the technology firm has committed to lease more than 38,000 sf from the Campus at Marlborough, 3Com Corp.’s one
WALTHAM—Columbia Construction Co. has been on an extended stay here already, originally at the behest of Hobbs Brook Management in building the sparkling 175-185 Wyman St. office park about to be occupied by Dassault Systemes after a 320,000-sf lease that rocked suburban Boston in late 2010
BRIGHTON, MA—Controversial plans for a Lowe’s Home Improvement store here have seemingly been dealt a final blow following this week’s purchase of the proposed site by New Balance Shoe Co. chief James Davis, a leading opponent of the project. An entity formed by Davis paid
PLYMOUTH, MA—A 470,000-sf shopping center here that includes a popular lifestyle component is among four retail assets being marketed by Cushman & Wakefield, officials for its Boston Capital Market Group are confirming. Colony Place in Plymouth (pictured) is expected to trade in the
WOBURN, MA—With core at the fore, Unicorn Office Park is testing CRE sales waters, hiring Eastdil Secured to market the six-building, 600,000-sf campus that overlooks Interstate 93 just north of Boston. Expected to fetch upwards of $75 million by some estimates, the first class buildings are owned
CANTON, MA—There are eight down and one to go from a 470,000-sf portfolio of nine flex/industrial assets owned here at Shawmut Park by Leggat McCall Properties. The latest trading is 65 Shawmut Rd., parceled off this past week in a $4.71 million sale to a Norwood