A Compendium of Property & Capital News
TEWKSBURY—An enduring mid-1980s office building 100 percent leased to L3 Technologies is being harvested for upwards of $31 million after a fast-paced marketing process conducted by CBRE, the buyer a Miami investor specializing in net-leased real estate. CBRE Capital Markets is acting on behalf of
NANTUCKET—Exclusive broker Boston Realty Advisors dubbed it “absolutely irreplaceable,” and that outlook five years ago has been validated in this week’s $25.1 million trade of a hospitality and retail portfolio taking up an entire downtown block, the four buildings with 60 rentals mixing old-world
NEEDHAM—Cross-border collaboration has brought welcomed life to the N2 Corridor straddling this community and neighboring Newton, and now the commitment of another life sciences firm to 117 Kendrick St. is advancing efforts among municipal planners and local landlords targeting the emerging biotech
FALL RIVER—Industrial has always been Route 24’s strongest CRE suit, that reputation enhanced by Amazon building its massive fulfillment center at the Fall River Industrial Park, and for those seeking to invest in the improving sector, another park property a drone’s throw away is now being peddled
BOSTON—A year after being put up for sale by Brookfield Office Properties, downtown’s ornate 75 State St. is about to get new majority owners comprised of a joint venture familiar with the neighborhood—Allianz and Beacon Capital Partners—fresh off their autumn purchase of the abutting Exchange Place
BOSTON—Four years after landing two Fort Point Channel assets in separate transactions, investment advisor Bentall Kennedy and loyal client MEPT are harvesting both buildings via two distinct trades listed through HFF, sources are indicating to Real Reporter. HFF advised seller DivcoWest when Bental
CAMBRIDGE—Thickly settled East Cambridge is a bit rough around the edges these days from a multitude of construction projects feeding off the Kendall Square epicenter and a $2.3 billion extension of the MBTA Green Line to Medford, but anticipated gains from the din are reflected in the $20.9 million
BOSTON—Patience has finally paid off for Debra Gould of Newmark Knight Frank, the 33-year CRE veteran who last night took home the William F. McCall Jr. Leadership Award during the Commercial Brokers Association’s annual Achievement Awards held at the Intercontinental Boston. The evening saw CBRE wi
BRAINTREE/QUINCY—Adams Place, the landmark 230,000-sf office park straddling two South Shore communities off Interstate 93, is being bought by a joint venture whose partners are known for tackling ambitious value-add projects in the area. Homegrown Campanelli and TriGate Capital have emerged as winn
LOWELL—Continuing an eventful start to 2019, Newmark Knight Frank’s Medical-Academic Practice Group has closed on the $11.3 million sale of a mission critical outpatient facility here that is 100 percent leased to the US Department of Veterans Affairs’ regional healthcare system. Winning bidder Cata
CAMBRIDGE—In title town, “trophy” is a word often bandied about, most certainly with valid reasons in Hub sporting circles, and for metro Boston’s white hot multifamily arena, the term is also ubiquitous though at times proponents have been known to stretch the definition just a bit. Not so in the
BOSTON—While it may seem every office tower lining the Financial District’s famed State Street changed hands in 2018, that is not quite the case, and for investors left behind when 28, 53 and 200 State Street were separately snagged by a lineup of institutional titans for a collective $1.49 billion,
MANCHESTER, NH—Launching its signature “Halstead” multifamily platform here in New Hampshire’s Queen City, The DSF Group has purchased abutting first-class apartment communities totaling 640 units, with the Waltham investor paying an aggregate $88.1 million for Hilltop Ridge and the Highlands Apartm
