A Compendium of Property & Capital News
LOWELL—Much of America’s CRE universe has been brought to its knees by the malefic Coronavirus, but at least one transaction has withstood the tumult, a $12.9 million trade where two homegrown operations have exchanged a plucky R&D building seller Novaya Real Estate Ventures secured eight years ago
BOSTON—If the concept of “a quiet side street right off Centre Street in Jamaica Plain” does not sound fantastical enough to those familiar with the major artery that live-streams traffic 24/7 through the thickly settled neighborhood, Hunneman’s active listing of 30 apartments at 14-16 Lakeville Rd.
MEDWAY—In the spirit of Leap Year, a San Francisco-based investor is jumping feet first into the 2020 CRE buying season, according to sources who report Berkeley Partners is about to purchase a 163,000-sf flex/industrial facility from 51 Alder St.’s builder, Conroy Development. An exclusive listing
BOSTON—A rare opportunity to buy into the renowned Newbury Street retail landscape has cropped up with a fresh listing being offered through Cushman & Wakefield, market watchers are relaying amid predictions the legacy asset which last changed hands when Michael Dukakis was a presidential candidate
READING—There was some assembly required, but builders of a luxury apartment project steps from Reading’s MBTA commuter rail stop have seamlessly harvested The Metropolitan at Reading Station for $27.5 million mere months after finishing their 68-unit endeavor branded as The Met. Listed exclusively
BOSTON—Eyeing future repositioning of the 1.6-acre site where Boston’s MidTown Hotel has sat since 1961, the landmark Back Bay inn has been taken over by National Development via a 99-year ground lease from The First Church of Christ, Scientist. Suffolk Registry of Deeds yesterday recorded an agreem
CAMBRIDGE—It is a “Sweet 16” prospect that has nothing to do with March Madness, but Horvath & Tremblay is sporting a new multifamily exclusive promoted as a trophy asset market watchers anticipate a fight to the final buzzer for, given the 28-unit building’s position barely a three-point toss from
BELMONT—Barely 10 months after hitting the sales block through Walker & Dunlop, a luxury apartment community at the gateway to Cambridge Discovery Park on Route 2 is being traded via an exchange industry watchers maintain could be finalized by the end of February. Owned by O’Neill Property Group and
WATERTOWN—Investor demand for boutique apartment assets is expanding in multiple ways, so says JLL Capital Markets Director Adam Dunn, whose team including Managing Director Christopher Phaneuf possesses a front-row account via January’s brokerage of two buildings in Boston’s Dorchester and Roslinda
BILLERICA—A San Diego-based CRE group that last month bought into the Route 128 corridor has moved a bit north in acquiring a core laboratory property here at 900 Middlesex Turnpike, with the $42.5 million purchase made from Spaulding & Slye Investments orchestrated by JLL Capital Markets. The endea
WESTWOOD—After a lengthy hold, Texas-based L&B Advisors is cashing out on 690 Canton St., a gleaming first-class office building along Route 128 next to the transformational University Station mixed-use complex developed since the 164,700-sf asset’s prior trade in May 2011 for $34.2 million.
SOUTH BOSTON—A quintet of apartment buildings in one of Boston’s hottest residential markets is being pitched for sale through United Multi Family and Red Dome Realty. Totaling 27 units in the thick of South Boston’s traditional housing cluster, the assemblage could yield upwards of $15 million, acc
CONCORD—The New Year is barely two weeks old, but fresh CRE listings are cropping up already in metropolitan Boston, the latest instance Middlesex Green, an institutional-grade, 239,000-sf office complex along Route 2A where physical modernizations and other upgrades delivered a series of 2019 lease
