A Compendium of Property & Capital News
BOSTON—Multifamily adherents enured to ground-up construction have a “shovel-ready” apartment project available for purchase, and it is the sort of opportunity almost unheard of around these parts, relays Christopher D. Sower, founding principal of the Colliers team advising Helge Capital on its pre
BELLINGHAM—A speculative industrial complex anchored by Amazon is paying off for Campanelli and Clarion Partners, according to sources who maintain ManuLife vehicle Hancock REIT has committed to buy the fully leased, 427,500-sf asset through Newmark Knight Frank at record pricing expected to surpass
NORWICH, CT—Many heading down Interstate 395 from Massachusetts recognize the phrase “doubling down,” but Grossman Cos. has applied that term differently than travelers heading to Foxwoods Casino in Ledyard, the gambling emporium 20 miles off I-395 from 40 Wisconsin Ave., a 225,000-sf warehouse the
NORTON—Over 1.1 million sf in Boston’s suburban south industrial cluster is under agreement to Westbrook Partners at a figure approaching $100 million, sources are telling Real Reporter, with CBRE advising Condyne and Investcorp on the sale of five flex and warehouse properties from Norton down Rout
BOSTON—Tier One CRE investment firm CrossHarbor is joining Abbey Group alum William H. Keravuori in buying abutting South Boston parcels featuring the coveted New Boston Food Market at Widett Circle with an urban land deal of nearly 25 acres, therealreporter.com has learned. Sources claim the super-
BOSTON—With this city’s 213-acre Longwood Medical Area hosting a legion of top physicians and researchers, investors worldwide have been stirred by the chance to house those professionals in its surrounding neighborhoods, and that desire is being credited for three springtime apartment trades broker
MARLBOROUGH—A high-profile office park swap nearly done in by Covid-19 is apparently making a swift recovery. Despite published missives that Hines Global’s pact trading The Campus at Marlborough to Greatland Realty Partners had succumbed to the pandemic’s insidious impacts, sources are telling Rea
BILLERICA—A truly flexible, two-building office/R&D property featuring several medical tenants including Lahey Clinic is the latest conquest for Jumbo Capital
BROOKLINE—Today’s purchase of 880 Commonwealth Ave., a mixed-use building fronted by national retailers, has been the Grossman Cos.’ goal “for a very long time,” Co-President Jacob M. Grossman tells Real Reporter in completing the $19 million deal, and being legacy owners of the abutting 860-872 Com
BOSTON–During his six-plus decades in the Greater Boston commercial real estate industry, McCall & Almy founder and president, Bill McCall has seen his share of disastrous downturns. The Great Recession, the aftermath of 9/11 and the fallout from the bursting of the dot-com bubble are still fresh in
CONCORD—Familiar faces in metropolitan Boston’s CRE realm have come together here at the landmark 300 Baker Ave. office campus where Novaya Real Estate Ventures today handed the 410,000-sf property over to Taurus Investment Holdings at a price tag of $74.5 million. Negotiated exclusively by Newmark
EAST BOSTON—An industrial building lining Route 1A on its approach to Logan International Airport has been acquired for $10.5 million by neighboring landlord Cargo Ventures in a transaction smacking of a larger redevelopment play, market watchers are saying of the deal starring Grossman Cos. as sell
WESTFORD—RAM Management Co. is bucking the industry’s cautious approach—sort of—fomented by the Coronavirus disaster, with the investor committing to purchase a 165,800-sf flex/office campus here from Curo Enterprises in a deal listed through CBRE Capital Markets. Market watchers estimate 3 and 5 Ca
