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• January 18, 2011
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  Shahbazi Comes Roaring Back; Has New Partner, Upbeat View

  January 18, 2011 | Joe Clements

  BOSTON—Declaring real estate investor/operator Kambiz Shahbazi eager for a new decade is quite the understatement, rivaled only by any observation that he has plenty of reasons to be so poised. After his New England portfolio was hit hard by the corrosive real estate crash

• January 18, 2011
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  Alvarado, Cahill Broker 60,000SF Deal as 300 Apollo Dr. Hits 100 Percent Occupancy

  January 18, 2011 | Joe Clements

  CHELMSFORD, MA—Dating to 1985, 300 Apollo Dr. could be the newest old building in Interstate 495 North’s office market. There are certainly few as well-received, with a 60,000-sf lease to Axis Communications capping off a gut rehab of the 290,000-sf structure that has brought occupancy to 100

• January 13, 2011
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  Mount Vernon Co. Tops $10M in Buys of Boston and Cambridge Assets; Deals Financed by First Republic

  January 13, 2011 | Joe Clements

  BOSTON—Accountability was in full force trading 21 prime rental units on Beacon Hill, as Boston Realty Advisors pledged its client a full-court press to close the deal by year’s end, then followed through by securing the Mount Vernon Co., a local veteran investment group led by Bruce A. Percelay.

• January 13, 2011
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  Cornerstone Arranges $8.72 Million in Four Loans

  January 13, 2011

  MALDEN, MA — Two apartment buildings here are among a quartet of multifamily properties receiving year-end mortgage funding arranged by Cornerstone Realty Consultants of Stoneham. The total consideration of $8.72 million in four separate loans was secured on behalf of Trident Management, an exper

• January 12, 2011
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  Going for Brokers: NAI/Hunneman Adds Another Vet to Growing Team

  January 12, 2011 | Joe Clements

  BOSTON—It’s a new year all right, and that goes double for veteran South Shore broker J.P. Plunkett, who begins 2011 as a partner at NAI Hunneman Commercial Co., joining the full-service real estate firm after 15 years at rival Cushman & Wakefield. While stressing that “I enjoyed every minute of it,

• January 04, 2011
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  $8.8M Bid Enables Fast Exit Strategy on 275,000-SF Lancaster Warehouse

  January 04, 2011 | Joe Clements

  LANCASTER, MA —Abutting Route 2 and near major roadways such as Interstate 495, quick entrances and exits are a favored aspect of 580 Fort Pond Rd. among tenants, and such could now be said of the local investment partnership that has just sold the 272,000-sf industrial building for $8.8

• January 03, 2011
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  MA Investment Sales Ends 2010 With a Bang as Deals Close Across Region

  January 03, 2011 | Joe Clements

  BOSTON—A barrage of commercial property sales in the final two weeks of 2010 enabled what began as a difficult season to finish on a high note, with transactions ranging from the blockbuster $930 million takeover of the John Hancock Tower in the Hub’s Back Bay to the $1,000,000 trade

• December 30, 2010
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  Thompson Hennessey & Partners To Merge with NKF Boston Team

  December 30, 2010 | Joe Clements

  BOSTON—As national firms continue to scour the region for top brokerage talent, yet another popular target is being removed from the playing field, with principals at Thompson Hennessey & Partners confirming to The Real

• December 30, 2010
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  Synergy Finally Finalizes $40M Hub Deal in Buying 253 Summer St. from Leventhals

  December 30, 2010 | Joe Clements

  BOSTON—Proving that patience can be a virtue even in the hyperactive commercial real estate sales universe, high-flying local operator Synergy Investment & Development has closed on a 175,000-sf block of office space in the city’s emerging Seaport District, completing a protracted deal that the firm

• December 29, 2010
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  NY Firm Pays $55M for Shrewsbury Retail Landmark; Sovereign Bank Finances Deal

  December 29, 2010 | Joe Clements

  SHREWSBURY, MA—One of the region’s longest privately held retail properties has been sold for $55 million to a New York-based investment group. Backed by a $40 million loan from Sovereign Bank, Charter Realty & Development’s purchase of the White City Shopping Center was negotiated by the

• December 20, 2010
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  C&W Brokers $108M MA Apartment Sale to RI Firm and $41.2M Hamilton Co. Purchase

  December 20, 2010 | Joe Clements

  BOSTON—Interest in Greater Boston multifamily real estate is hitting a fever pitch to wrap up 2010, and as usual, Cushman & Wakefield’s Apartment Brokerage Group is leading the action, evidenced by two separate portfolio deals accounting for nearly $150 million. Equity Residential’s $108 million

• December 18, 2010
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  Taurus Takes Newton Asset for $11.1M in Deal Brokered by RBJ | Capital Markets Group

  December 18, 2010 | Joe Clements

  NEWTON, MA—Five years and one week after acquiring 313 Washington St. for $12.6 million, Transwestern Investment Co. has sold the 82,000-sf office/retail building to Taurus New England for $11.1 million. A $7.67 million mortgage from Eastern Bank financed the transaction.

• December 17, 2010
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  Lincoln Property Leading Pack for 31 Milk St.; Pricing in $13M Range

  December 17, 2010 | Joe Clements

  BOSTON—A failed Financial District office building is fittingly being milked for all its worth—and then some—as sources are claiming Lincoln Property Co. has agreed to buy 31 Milk St. from the lender who recently took back the 11-story, 92,000-sf property.

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