BOSTON—It’s a new year all right, and that goes double for veteran South Shore broker J.P. Plunkett, who begins 2011 as a partner at NAI Hunneman Commercial Co., joining the full-service real estate firm after 15 years at rival Cushman & Wakefield. While stressing that “I enjoyed every minute of it,
LANCASTER, MA —Abutting Route 2 and near major roadways such as Interstate 495, quick entrances and exits are a favored aspect of 580 Fort Pond Rd. among tenants, and such could now be said of the local investment partnership that has just sold the 272,000-sf industrial building for $8.8
BOSTON—A barrage of commercial property sales in the final two weeks of 2010 enabled what began as a difficult season to finish on a high note, with transactions ranging from the blockbuster $930 million takeover of the John Hancock Tower in the Hub’s Back Bay to the $1,000,000 trade
BOSTON—As national firms continue to scour the region for top brokerage talent, yet another popular target is being removed from the playing field, with principals at Thompson Hennessey & Partners confirming to The Real
BOSTON—Proving that patience can be a virtue even in the hyperactive commercial real estate sales universe, high-flying local operator Synergy Investment & Development has closed on a 175,000-sf block of office space in the city’s emerging Seaport District, completing a protracted deal that the firm
SHREWSBURY, MA—One of the region’s longest privately held retail properties has been sold for $55 million to a New York-based investment group. Backed by a $40 million loan from Sovereign Bank, Charter Realty & Development’s purchase of the White City Shopping Center was negotiated by the
BOSTON—Interest in Greater Boston multifamily real estate is hitting a fever pitch to wrap up 2010, and as usual, Cushman & Wakefield’s Apartment Brokerage Group is leading the action, evidenced by two separate portfolio deals accounting for nearly $150 million. Equity Residential’s $108 million
NEWTON, MA—Five years and one week after acquiring 313 Washington St. for $12.6 million, Transwestern Investment Co. has sold the 82,000-sf office/retail building to Taurus New England for $11.1 million. A $7.67 million mortgage from Eastern Bank financed the transaction.
BOSTON—A failed Financial District office building is fittingly being milked for all its worth—and then some—as sources are claiming Lincoln Property Co. has agreed to buy 31 Milk St. from the lender who recently took back the 11-story, 92,000-sf property.
CANTON, MA—In its introduction to the regional brokerage scene, Tampa-based CLW Real Estate Services Group is making quite an entry as exclusive agent for a 125,000-sf leasing opportunity at a top-rated Route 128 business address, 150 Royall St. The former headquarters of EquiServe that
BOSTON — A debtor-in-possession scenario has 484 Commercial St. being positioned for sale here in the city’s North End district. The five-story, five-unit apartment building is priced at $1.8 million according to NAI Hunneman Commercial Co. principal Robert Tito
BRENTWOOD, NH—The Kane Co. and NAI Norwood Group have teamed up to complete a full-building lease by a Maine-base solar energy company opening a Granite State service operation. “It’s always a pleasure to help businesses expand into New Hampshire,” says NAI Norwood Group Managing Broker Brian
ACTON — Another established CRE player is heading here to bucolic Nagog Pond, with industry sources pegging the Gutierrez Cos. as winning bidder for 100 Nagog Park, a three-story, 195,000-sf office building said to be trading for