SHREWSBURY, MA—One of the mid-state’s premier apartment communities is being acquired by a New York-based investor already active in Greater Boston, as Home Properties moves towards a July closing on The Commons at Haynes Farm. Pricing for the 10-building, 302-unit property remains unclear, but
BOSTON—There are some good signs present as the city’s long-suffering office market gropes for firmer footing, perhaps the most important sort being a lease signing for nearly 70,000 sf. That would be LPL Financial committing for 11 years at 75 State St., the glitzy 31-story office tower emptied out
Story Updated July 5th, 7:42 PM BOSTON—An assemblage of 23 prized properties concentrated along the Hub’s famous Newbury Street could fetch $175 million and possibly north of that estimate, according to industry experts. As revealed on Monday at therealreporter.com, owners Taurus Investments and Urb
CANTON, MA—A sleek, three-story office building whose foreclosure by Wells Fargo Bank exemplified the economic recession of 2008 is getting a new lease on life in more ways than one, as Lojack is taking the entire 63,000 sf left fallow when anchor tenant Tweeter Entertainment went bankrupt. Brokered
CAMBRIDGE—A quartet of historic buildings in one of the city’s life sciences hotbeds is angling to capture future demand from that sector and other emerging industries after receiving $19.3 million from Salem Five Cents Savings Bank. Centremark Properties not only refinanced a maturing loan, but the
WALTHAM, MA—All the locals were chasing 285 Bear Hill Rd., but California-based Alexandria Real Estate Equities has won the day, paying $3.9 million to secure the 26,275-sf flex/office building that possesses an alluring presence for owners of life sciences real estate, the REIT’s raison d’être.
BOSTON—The Financial District’s original Main and Main is for sale—and 53 State St. is expected to fetch a big price at a time when core real estate is in hot demand. Completed in 1985 on the same site where the Boston Stock Exchange opened its doors in 1896, Exchange Place is being harvested
MASHPEE, MA—As this seaside community hits its summertime stride, the owner of South Cape Village is welcoming a new restaurant aimed at drawing locals and tourists alike to the 156,000-sf shopping center. Bistro 36 will seat approximately 130 guests, estimates C. Talanian Realty Chief Operating
WILMINGTON, MA—A 177,000-sf flex building just off Interstate 93 north of Boston has been snapped up by an affiliate of Analog Devices. Lincoln Property Co. advised longtime owner Beckwith Realty LLC in the $4.5 million deal, orchestrating a rare trade of such a large asset in one of Greater Boston
WESTBOROUGH, MA—As infill sites go, they don’t come much bigger or more coveted than 25 Research Dr., and after a lengthy marketing effort, the 68.4-acre former National Grid campus has been acquired by Charles River Realty Investors and National Development. Marketed by Jones Lang LaSalle, the 282,
BOSTON—Most of the “easy buttons” for financing commercial real estate were salted away after the 2008 industry crash, but Holliday Fenoglio Fowler Director Janet N. Krolman says arranging a $12.5 million loan on 176 Federal St. did not take the heavy lifting often mandated in the still-rocky
DEDHAM, MA—Office leasing has been spotty in many parts of the suburban landscape, but Normandy Real Estate Partners has been spot-on in its strategy for attracting tenants to a pair of properties here along Route 128’s southern flank. A quartet of recent commitments—including three fresh deals—has
BOSTON—Calling 99 Chauncy St. a “jewel box building” would be a stretch at this juncture, but the 11-story, 102,000-sf office/retail property in the city’s Midtown District could soon be getting the sort of polishing needed to restore it to the grandeur of yesteryear, with industry observers