NORWOOD, MA—A 69,000-sf office/warehouse property near Route One has been taken back by its lender, Utah-based Zion’s First National Bank. The action occurred this week, with the transfer priced at $2,769,309 on a loan written in October 2004 for $3,281,800.
BURLINGTON—As much as any part of suburban Boston, the northern tier of Route 128 beginning in Burlington has enjoyed a superb season on the office leasing front, and it appears the surge of activity is continuing right up through the end of 2010.
BOSTON—Park Lane Seaport, one of the city’s premier luxury residential properties, has traded for an impressive $193 million after a marketing campaign that drew interest nationally, therealreporter.com has learned.
COLCHESTER, VT — Its heart remains in Boston, but Legacy Real Estate Ventures is showing a willingness to expand beyond the Hub for commercial real estate when deemed prudent.
ARLINGTON—Ending a spirited fight waged throughout the summer, Harold Brown’s Hamilton Co. has emerged the winner of a 20-building multifamily portfolio, therealreporter.com has been informed. Fetching between
CAMBRIDGE, MA—A seemingly straightforward office building sale near Harvard Square has become fraught with plot lines, as market watchers claim the new ownership is quietly emptying 1030 Massachusetts Ave. in a bid to convert the 24-year-old property
BOSTON—Capitalization rates in the CRE investment market, once very much linked to the local markets, are now subject to national and global vagaries, Massachusetts Institute of Technology professor and economist William Wheaton stressed at the 15th annual NAIOP of Massachusetts/SIOR Market Forecast
BRAINTREE, MA—When it comes to cold-storage facilities, the Campanelli Cos. is on fire. Eight years after being hired to erect a building in Sharon on behalf of Preferred Freezer Services, Campanelli has just been called on to design and
HOLLISTON, MA — Unlike latter day tenants fearful of locking in to a property beyond 36 months, Color, Inc. has committed big time to 47 October Hill Rd., parlaying a seven-year lease signed in 2008 into an outright purchase of the 30,000-sf structure here in suburban Boston’s MetroWest region
ASHLAND, MA — Feeding off the $16.6 million sale of an established apartment community here, Apartment Realty Advisors is taking on a new assignment that will market a massive multifamily project yet to break ground. “That will be going out next week,” ARA principal Richard Robinson concurs
BOSTON—It took awhile, but the savvy owners of 333-335 Newbury St. appear to have gotten anticipated pricing of the 14,000-sf commercial property via a trade topping $8 million that brings a New York retail specialist to the famous shopping street.
CAMBRIDGE, MA—A prominent 65,000-sf office/retail building has changed hands for $18.9 million. Owned for the past decade by Paradigm Properties, 1030 Massachusetts Ave. is located on the edge of Harvard Square in the city’s tight mid-Cambridge district.
CAMBRIDGE — In acquiring the rights to build 150 Second St., Skanska USA’s commercial development arm is making a bold first impression as part of an ambitious campaign to pursue similar ventures across New England. City leaders and