A Compendium of Property & Capital News
BOSTON—Akelius US has made buying in Boston a habit since its $152.5 million deal securing 255 modern Seaport apartments in autumn 2015, but there is a twist in the Swedish investor’s latest local conquest, also in South Boston, that a 23,600-sf office and retail building at 40 Channel Center, with
CAMBRIDGE—A blockbuster life sciences sale is percolating here in this city’s western flank where Davis Cos. and Invesco will reportedly trade a distinctive 224,000-sf laboratory building to HCP Inc. Despite silence from parties involved, Real Reporter sources claim the California REIT targeting hea
BOSTON—There are many familiar figures—the venerable office building among them—in a looming downtown trade between Clarion Partners and Synergy Investments as sellers and Independencia Asset Management as winning suitor for 100 Franklin St. following a spirited campaign by Newmark Knight Frank. Sou
WALTHAM—Although the appetite for suburban office product regionally has ebbed a bit this season due to investors being laser-focused on the urban core, at least one first-class Route 128 asset is garnering attention from a hometown heavyweight, with sources claiming Boston Properties is buying the
BOSTON—It seems Brookfield’s harvesting of 75 State St. is about to end at the beginning, with CRE sources telling Real Reporter that DivcoWest and Rockpoint Group are poised to acquire the striking gold-leafed office tower in Boston’s CBD through a Newmark Knight Frank exclusive said to be deliveri
BOSTON—An urban development site just launched by JLL Capital Markets is in a part of Boston long dominated by industrial operations where gentrification is poised to sweep in on a scale of massive proportions. Multiple accounts deem the 2.1-acre parcel being shopped for Hera Development Corp. among
SOUTH BOSTON—It has been hiding in plain sight for nearly 90 years, but 7 Elkins St. is coming into the limelight through a Cushman & Wakefield sales listing that some estimates see reaping upwards of $500 per sf for the laboratory building whose location is touted by C&W as “a path of progress” fee
SOUTH BOSTON—A new chapter has emerged in efforts to trade the prized Amrheins Restaurant site, home of the landmark eatery being offered for sale to feed an appetite for buildable parcels amid South Boston’s unfettered developm
FRANKLIN—Two first-class flex properties south of Boston, including a former Digital Equipment Corp. building here along Interstate 495, have been harvested by GFI Partners and the Matteson Cos. to a San Francisco-based investor via a $29.2 million deal that expands the buyer’s national footprint fo
BOSTON—A homegrown investor has emerged as winning bidder for Waterside Place, the 236-unit luxury residential high-rise in Boston’s dynamic Seaport District put on the market earlier this year through Eastdil Secured, with C
WILMINGTON—Ballardvale Office Park, the signature Griffith Properties complex whose redevelopment was launched 15 years ago this summer, has a new capital group lined up to replace majority owner Investcorp International Realty in a deal estimated around $86 million being negotiated by JLL Capital M
MANCHESTER, NH—Flex/industrial investors seeking cash flow, scale and a measure of upside have a super-sized prospect emerging in southern New Hampshire where Brady Sullivan Properties has retained Cushman & Wakefield to peddle four assets totaling almost 600,000 sf here in the Queen City and Greate
CANTON—Less than three years after buying a 156-unit apartment community here along Route 138, Universal Realty of Newton has harvested Woodfield Commons to a Gotham-based partnership making its initial foray into the coveted metropolitan Boston multifamily realm, with the exchange negotiated by Wal
