BOSTON — “Bifurcated” is a popular word in business circles these days, but CresaPartners President Joseph Sciolla says that term is insufficient when describing the fractious office market entering another uncertain year.
BOSTON — Industrial CRE brokers are reporting a solid 2011 overall—particularly for newer product—and are expecting its momentum to carry into the new year. “For 2011 in general, but especially from the second quarter to the fourth quarter, there was pretty good activity in the more modern faciliti
SOUTHBOROUGH — After a hectic end to 2011 that saw a bevy of CRE sales finalized throughout Greater Boston, the opening throes of 2012 show little evidence of easing thanks to multiple transactions that have lingered into the new year. Ferris Development closed Thursday on an 80,000-sf Southborough
ANDOVER — Frontage Road—as the name suggests—is positioned prominently, enjoying a visible venue along the Interstate 93 business corridor, but one flex/office building here has languished in the shadows for over a decade, trapped in limbo by a tenant who inked a high-priced, unneeded lease just bef
BOSTON—Dramatically shaking up Boston’s multifamily sales landscape, superstar brokers Simon Butler and Biria St. John have jumped from Cushman & Wakefield to CB Richard Ellis/New England. The transfer is effective as of this week. “They are a great team and I wish them well,” Cushman & Wakefield
BOSTON—In a move considered a boon for the rapidly evolving Seaport District—but potentially damaging for other Hub office submarkets—State Street Bank Corp. is said to be deep in negotiations on a new build-to-suit structure that would be erected by Commonwealth Ventures, industry sources are
BOSTON—Reflecting a forceful crusade to secure core real estate in proven business districts, the Back Bay’s famous Darth Vader building has traded for $112 million. Cushman & Wakefield negotiated the nine-figure deal as efforts continue to wrap up 2011 for investment sales by that firm’s Capital
NORTHBOROUGH — Energy purveyor National Grid is celebrating the designation of its 800-employee customer service and control center as LEED Gold certified by the US Green Building Council. The designation—which follows National Grid winning the top-rated Platinum ranking for its Waltham headquarters
DEVENS — Metric Corp. President Geoff Caraboolad joined MassDevelopment President and CEO Marty Jones this week to fete the launch of a dozen townhouses being built here on Bates Street, units dubbed by the sponsor as “super energy efficient” and yet also being touted as moderately priced and attrac
SOUTHBOROUGH — A commercial property here at 150 Cordaville Rd. is preparing to welcome an energetic occupant after Inside Playground LLC signed on for 13,050 sf, a commitment aided by some fancy footwork on behalf of the broker, August Brewer of Greater Boston Commercial Properties. The 42,000-sf f
SAUGUS — They have both been on a nauseating rollercoaster ride during the past decade, but retail real estate and securitized debt have united at the Square One Mall through a permanent refinancing of the shopping center from a securitized lender, an affiliate of Deutsche Bank. Holliday Fengolio Fo
BOSTON — When FHO Partners launched its Asset Advisory Group four years ago, the idea was to develop a unit exclusively dedicated to representing landlords. By providing not only leasing services, but assisting owners in repositioning properties to best suit the tenant market, FHO hoped to carve a n
BOSTON — Reflected by its second straight year exceeding a half-billion dollars in deal flow, the Cushman & Wakefield multifamily sales force has enjoyed a banner 2011, but the team led by Simon Butler and Biria St. John is putting an exclamation point on that performance in a late-season surge that