A Compendium of Property & Capital News
STOUGHTON—A portfolio of 1,722 apartment units at a half-dozen properties in suburban Boston has changed hands for over $380 million, sources are telling Real Reporter regarding a blockbuster deal involving seller Lone Star Funds and buyer Harbor Group negotiated by the multifamily team at Newmark K
BOSTON—CBRE continues to add a roster of top CRE talent to its expanding Consulting Group here following the firm’s landscape-changing 2018 union with Transwestern’s regional office, the latest arrivals being leverage experts Heather Brown and Rob Borden, seasoned veterans most recently at JLL where
NEWTON—Taurus Investment Holdings has plenty of real estate interests beyond Route 128—way beyond—but the firm sporting a global footprint is harvesting an office asset mere miles from its Hub headquarters for upwards of $51 million, according to CRE professionals claiming One Newton Place is being
BURLINGTON—Renowned design and engineering firm Stantec is shifting its suburban footprint via a lease of nearly 47,000 sf here at Network Drive, the 158-acre corporate campus featuring one million sf of first-class office and research space. JLL advised Stantec in its search while Newmark Knight Fr
WELLESLEY—Beloved Wellesley Inn’s loss to a wrecking ball in 2006 remains a sore spot among many here, yet its $35 million replacement completed 10 years later has been universally embraced. The verve was evident when all 25 luxury residential condominiums sold out quickly at upwards of $3 million e
BROOKLINE—Being launched for sale this week by 128 CRE, 21 Longwood Ave. is literally a once-in-a-generation opportunity, and given proximity to the renowned Longwood Medical Area mere blocks away, coupled with its venue in the epicenter of bustling Coolidge Corner, the two-story, 8,650-sf property
STOUGHTON—Driven by bulk fuel distributor Diesel Direct taking nearly 11,000 sf in a five-year agreement, Campanelli and TriGate Capital have crested the halfway milepost filling a former Reebok office building here along Route 24, with the second-floor space in the six-story, 188,000 sf property no
SOUTH WINDSOR, CT—A fizzled cornfield in this Hartford suburb is providing welcomed pop to the city’s tax base thanks to Coca Cola Corp. signing up for a 200,000-sf distribution facility and warehouse being developed by net-leased specialist Scannell Properties. The major agreement was orchestrated
BOSTON—Fresh off the news Amrheins Restaurant is under agreement to a local developer, another slice of vintage South Boston CRE is being made available to investors, and Boston Realty Advisors’ 416 West Broadway exclusive is expected to draw a simila
BOSTON—The freshly forged, 195-unit Serenity Apartments at the gateway to Jamaica Plain has been secured by Oxford Properties in a $123.2 multifamily trade negotiated by Newmark Knight Frank as exclusive agents for developer Longwood Group. The transaction has been finalized, NKF is confirming, alth
BOSTON—As Invesco prepares to spend upwards of $180 million on a prime Seaport District garage/office asset, the Texas firm is now said to be winning bidder for an apartment high-rise near Fenway Park being marketed by Eastdil Secured advising a joint venture of Skanska Development and Prudential RE
BOSTON—A familiar face in “Townie” CRE circles has won a fast-paced competition to buy South Boston’s landmark dining spot, Amrheins Restaurant, with sources telling Real Reporter the half-acre site at 80 West Broadway is under agreement to City Point Capital, an entity managed by Ryan P. Sillery ex
BOSTON—Investor Dr. Gerald Chan long ago took his real estate platform beyond Cambridge’s Harvard Square where it first got noticed six years ago, and while plans were just unveiled to buy a mixed-use asset on Brattle Street in that famed Cambridge hotspot, his Newton-based operation has separately
