BOSTON—First American Mortgage Trust has acquired a 10,000-SF office building in a transforming Brighton neighborhood, picking up the two-story property for $1.8 million. Broker Dan Gardner of CRG Commercial negotiated the deal, procuring the buyer on behalf of seller O &W Realty Trust. The 24-year-
NORTH READING—A 92,000-sf warehouse parked off Interstate 93 is not exactly standard fare as a reunion venue, but the $8.2 million purchase of 200 Riverpark Dr. by Atlantic Management Corp. has brought that local investor back together with the building’s tenant, Shire Pharmaceuticals. Framingham-ba
LEXINGTON—King Street Properties continues to move forward with a stated mission to enlarge its suburban portfolio and take advantage of the cramped East Cambridge lab space market with the signing of a new tenant to a 20,000-sf lease, a commitment preceded by the quiet acquisition of a 40,000-sf ad
BOSTON—Particularly on multifamily listings, Boston Realty Advisors brought its investment sales platform up to another level last year, and the firm is beginning 2012 from a lofty perch as well, having been retained to market a prized hilltop site in Brighton that principal Christopher D. Sower pre
BOSTON—Having already pegged Lincoln Property Co. to manage its new trophy at 53 State St. in the Hub’s Financial District, UBS Investments has completed another piece of the real estate services puzzle by retaining Cassidy Turley FHO as exclusive leasing agent at the 40-story tower known better as
EXETER, NH — Delivering a dual boost of good news to the Exeter Commons Shopping Center, NAI Norwood broker Chris McMahon has leased more than 6,000 sf to be occupied by Exeter Paint and G&T Flooring By Design. The two locally owned businesses have shared retail space on Portsmouth Avenue in Stratha
BOSTON — A non-profit group championing ethics in the life sciences and medical research arena has moved from the Fenway district to 20 Park Plaza, taking 5,100 sf in a 10-year commitment. Newmark Knight Frank advised tenant Public Responsibility in Medicine And Research, or PRIM&R, while Lisa Saund
PLYMOUTH — In a $2.85 million deal financed by Pilgrim Bank and negotiated by Boston Realty Advisors, the Woodcrest Apartments community has changed hands for the first time since 1987. Long-time owner Gordon A. Pulsifer harvested the two-building, 24-unit property to a Brookline investment firm led
FRAMINGHAM — Genzyme Corp. strengthened its long-term commitment to the suburban MetroWest region by acquiring a 65,000-sf flex/office building here over the holidays, picking up 10 California Ave for $8.1 million. The trade was engineered by R.W. Holmes representing seller Columbia Electric Co. an
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