BOSTON — For those who think the Massachusetts office sector is skating along smoothly after being upended by a cataclysmic rough patch, CresaPartners is cautioning of potential cracks that could send the market tumbling again at any moment.
SALEM, NH—As Equity Industrial Partners gears up to reinvigorate one of southern New Hampshire’s largest commercial properties, the Needham, MA-based firm has officially retained Cushman & Wakefield as exclusive leasing agent for the 650,000-sf complex at 9 Northeastern Blvd.
LEXINGTON, MA—King Street Properties principal Stephen D. Lynch makes no secret about his firm’s desire for acquiring commercial real estate here in the heart of suburban Boston’s laboratory and office markets, but the new owner of 101 Hartwell Ave. is less than
By Joe Clements BOSTON—Parking spots, not so much, but commercial properties appear inexhaustible along the Hub’s famous Newbury Street—as are capital sources eager to scoop up opportunities when they do hit the market. In the latest examples of that phenomenon, an Irish suitor
CAMBRIDGE — Michael Grill, president of Fairlane Properties, recently announced the expansion of Geek Offices from 3,400 sf into another 2,600 sf at 1035 Cambridge St., a commercial condominium building where Boston-based Fairlane owns nine units totaling 65,000 sf.
WALTHAM—Brian Hines does not play a doctor on TV, but the FHO Partners principal is diagnosing a faster recovery than anticipated for the long-ailing Route 128 Central office market, joining Boston and Cambridge in a rebound that continues to elude most suburban communities.
TEWKSBURY, MA—Patience is famously touted as a virtue, but at The 495 Business Center, it is also a cornerstone of the lease-up strategy for owner Capital Commercial Investments and Newmark Knight Frank, exclusive listing agent for the 85-acre, 750,000-sf complex
BOSTON—Offering a badly needed jolt to the struggling warehouse market, an Atlanta-based industrial supply firm has signed a 152,000-sf lease at the Boston Business Park that straddles the Boston and Dedham border.
BEDFORD, MA—Unlike the previous year, 2010’s summer investment sales season was not entirely barren for commercial real estate in Greater Boston, and a pending deal here underscores that buyers are continuing to troll for opportunities even as fears of a double-dip recession
WOBURN, MA—More than a year after owner New Boston Fund first offered it up for sale, a four-building luxury multifamily complex near the juncture of Interstate 93 and Route 128 has been purchased by an affiliate of JPMorgan Chase,
BOSTON—After confirming its commitment to purchase Waltham’s Bay Colony Corporate Center for $185 million, Boston Properties has edged out Vornado Realty Trust in a bidding war for the John Hancock Tower, industry sources are telling therealreporter.com.
MILLBURY—Continuing to aggressively pursue commercial real estate opportunities regionally, the Campanelli Cos. of Braintree has closed on a 5.7-acre industrial property here along the Massachusetts Turnpike just outside Worcester.
CHELMSFORD — The more things stay the same at 330 Billerica Rd., the more they change. In the wake of Principal Life Insurance Co. renewing tenant Comcast for all 98,000 sf, sources indicate Eastdil Secured has been hired