MARLBOROUGH—On the cusp of trading a Cambridge laboratory facility, the New Boston Fund is spinning out another long-held Bay State property, the newest one being 33 Boston Post Rd. in the Interstate 495 West submarket.
HARTFORD, CT—The foreclosure crisis is finally becoming an opportunity for investors seeking to scoop up commercial real estate below replacement cost, and the trend that has already taken hold across Massachusetts is now coming to roost here in Connecticut’s beleaguered capital city.
BOSTON — Eight grocery anchored shopping centers stretching from Maine to Rhode Island are being scooped up by a joint venture of WP Realty and Angelo Gordon & Co., industry sources are telling The Real Reporter. Totaling 650,000 sf, the package listed by Cushman & Wakefield is said to be fetching
BOSTON—A former bank headquarters in the Financial District and a Cambridge lab property are the latest CRE opportunities nearing resolution in separate negotiations being handled by Colliers International. Sources have identified Charles River Realty Investors and National Development
CAMBRIDGE—The Alewife submarket has struggled, and an overleveraged capital stack toppled over last autumn at 125 and 150 CambridgePark Dr., but both distressed properties are nonetheless hitting the sales block, with reluctant owner Barclays Capital hiring CBRE/New England to find a buyer for the
MARLBOROUGH, MA—There may be trouble down below, but from its hillside perch, The Campus at Marlborough seems unaffected, continuing to attract high rents and the country’s hottest companies, most recently leasing 38,000 sf to coveted EMC Corp. spinoff VCE Systems. Owners of the three-building,
BOSTON—Five, 80 and 15—that is how Richards Barry Joyce & Partners research chief Brendan Carroll quantifies Greater Boston’s office market as the second quarter of 2011 commences. Carroll’s generally upbeat Q1 report concludes that the top 5 percent best properties are sailing along, whereas the
BRAINTREE—The family lumber operation’s once-ubiquitous “Here Comes Grossmans” slogan made them a household name across New England, but the Grossman Cos. could soon be also known as a comeback player for righting their landmark Braintree Executive Park, a two-building, 125,000-sf asset that has
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