MEDFORD, MA—Providing a major infusion to the capital stack, a trio of Massachusetts-based lenders has combined to deliver $137 million in financing for Station Landing, National Development’s multi-faceted commercial project on the shores of the Mystic River. The majority of the monies comes from
WALTHAM, MA—The times they are a’ changin.’ And although commercial real estate was certainly the last thing on 1960’s icon (now septuagenarian) Bob Dylan’s mind when he penned that legendary song, it could easily have been the theme for this week’s NAIOP Massachusetts program held Wednesday
NORWELL, MA—When it comes to commercial real estate, Jumbo Capital is gearing up the firm’s buying platform in a big way, founder Jay O. Hirsh tells the Real Reporter this week. “The timing couldn’t be better to be in the market,” the seasoned investor says in explaining a $7.9 million South Shore
QUINCY, MA—Synergy Investment & Development has brought new meaning to the term Red Lining. Already in control of several assets along the MBTA’s Red Line subway, the Boston-based investor has closed on 200 Newport Ave., an eight-story, 145,000-sf office building fully leased to State Street Bank
LYNN, MA—An 1870’s apartment building that defined transit-oriented development long before the term even existed is now available to investors, one of numerous multifamily listings on the North and South Shores and venues in between being handled by Boston Realty Advisors. The deal dais includes a
WESTWOOD, MA—Stability sells, or so that would seem the message in the pending transfer of 690 Canton St. from Colony Realty Partners to a Texas-based investment consulting firm. Being marketed by CBRE/New England, the three-story, 165,000-sf office building is under agreement to L&B Realty Advisors
BURLINGTON, MA—Few phenomena can darken a landlord’s day quicker than the corporate takeover of a prized tenant, but things have turned out swimmingly here at 1 Van de Graaff Dr. after occupant Adheris was acquired by rival inVentiv Health. Representing one of the larger Route 128 deals of 2011,
BOSTON—Eight grocery anchored shopping centers strewn from Maine to Rhode Island—five in Massachusetts—have been secured for $86.5 million in one of the largest such transactions since the retail world went bust in 2008. Backed by a $20.8 million mortgage from
BOSTON—Angling for an upcoming move to nearby Atlantic Wharf, the Boston Society of Architects is putting the organization’s longtime home at 52 Broad St. on the sales block, retaining Cushman & Wakefield’s Middle Markets Group to offer the six-story, 12,000-sf structure to investors and users. The
EAST GREENWICH, RI—Linear Retail Properties is making another foray into the Ocean State for its ever-growing fiefdom of convenience-oriented retail, this time committing to purchase a Route One strip center being marketed by Cushman & Wakefield at a price estimatedto be in the $8 million range.
LEXINGTON, MA—Things are looking brighter every day on Hartwell Avenue. The latest shining example of the thoroughfare’s re-energized milieu is a 60,000-sf, full-building lease of 29 Hartwell Ave. by QD Vision, whose Quantum Light nano-materials product is sparking rapid growth and a need to expand
LITTLETON, MA—Turnaround times of troubled real estate can vary greatly, but the new stewards of 295 and 305 Foster St. are moving quicker than most in welcoming bids for the two flex/office buildings acquired in September through a friendly foreclosure. Enthused by a pair of tenant commitments and
WAKEFIELD, MA—After making a big splash on the acquisitions front last week in buying a Medford apartment building for $79.9 million, pension fund giant Teachers Insurance and Annuity Association is juggling its local commercial real estate portfolio even more by offering up a block of prime office