A Compendium of Property & Capital News
WALTHAM—Two coveted tenants seeking homes along Route 128 have apparently found their respective targets in one place—POST 200 Smith, the dramatic redo of a former mail sorting facility into first class office/laboratory space by Anchor Line Partners and Northwood Investors. Sources are telling Real
WALTHAM—Two laboratory buildings at 828 and 830 Winter St. have been acquired for $240 million by Morgan Stanley Real Estate Advisors from Carlyle Group, the latter entity partners with King Street Properties since paying $104.2 million in July 2015 for the assets. KSP has retained an undisclosed st
BOSTON—-In a shift for the ambitious Bulfinch Crossing mixed-use development, Carr Properties has agreed to acquire a major stake in One Congress even before the 43-story office tower’s construction, sources are indicating to Real Reporter. “That is the case,” one CRE professional says when queried
BOSTON—After spending this summer nailing down office building deals in New York City and Washington, D.C., Marcus Partners is taking “a big step” entering the crowded flex and industrial arena on its home turf as winning bidder of four suburban Boston assets totaling 1.07 million sf being divested
WILMINGTON—Every decade it happens—Fordham Business Center gets sold—and the 2010s continue that tradition as the four-building complex located along Interstate 93 North has transferred from KS Partners to Carlisle Properties, a New Hampshire firm with other Wilmington holdings which paid $27.1 mill
CAMBRIDGE—A surge of capital is flowing into 10 Fawcett St. here in west Cambridge, with CRE sources maintaining the 134,500-sf first-class office building held by homespun Griffith Properties and Artemis Real Estate Partners is being acquired by Davis Cos. and Invesco for nearly double the $31.3 mi
BOSTON—Four years after harvesting One Beacon St. for $561 million, Beacon Capital Partners and German insurer Allianz are purchasing another prominent Hub office tower in a joint venture partnership targeting Exchange Place at pricing expected to crest $850 million. Put up for sale this spring by o
BOSTON—Following a fast-moving marketing process, KS Partners has emerged as winning suitor for 15 Court Square, CRE sources are indicating. The enduring 11-story downtown office building one observer lauds as “loaded with upside” came available in late spring through Colliers International and cou
WATERTOWN—Spear Street Capital needed a bold $43 milliion bid to realize its June 2014 purchase of Riverworks Innovation Center, but the commitment appears to have been wisely made amid word a joint venture is paying nearly $64 million for the renovated mill and erstwhile headquarters of Boston Scie
BOSTON—Irish citizens and their civic and financial representatives are turning to global retail expert Frazer Capital to create maximum value in a 30,000-sf retail condominium at the five-star Mandarin Oriental Boston, the uber-exclusive Back Bay asset among hundreds of holdings entangled in the fa
BOSTON—South Boston’s other landmark restaurant is taking a similar path as Anthony’s Pier Four on the Hub waterfront, that world-recognized establishment repositioned into an eclectic mixed-use complex owned by Tishman Speyer, the office portion of which is about to trade for near $440 million thro
ALLSTON—The winter 2015 acquisition and permitting process moved at its usual measured pace, but once Grossman and Waypoint Cos. got the go-ahead to build 80 cheery apartments on a 30,000-sf industrial site tucked behind bustling Union Square, it became full-speed ahead. Developers used a modular pr
By Joe Clements BOSTON—Famous for sniffing out emerging areas and pioneering massive projects in those venues, DivcoWest is reportedly grabbing a stake in the heart of New England’s most established business district, with sources claiming founding principal Stuart Shiff’s operation has emerged as w
