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
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
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.
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.
CANTON, MA—In its introduction to the regional brokerage scene, Tampa-based CLW Real Estate Services Group is making quite an entry as exclusive agent for a 125,000-sf leasing opportunity at a top-rated Route 128 business address, 150 Royall St. The former headquarters of EquiServe that
BOSTON — A debtor-in-possession scenario has 484 Commercial St. being positioned for sale here in the city’s North End district. The five-story, five-unit apartment building is priced at $1.8 million according to NAI Hunneman Commercial Co. principal Robert Tito
BRENTWOOD, NH—The Kane Co. and NAI Norwood Group have teamed up to complete a full-building lease by a Maine-base solar energy company opening a Granite State service operation. “It’s always a pleasure to help businesses expand into New Hampshire,” says NAI Norwood Group Managing Broker Brian
ACTON — Another established CRE player is heading here to bucolic Nagog Pond, with industry sources pegging the Gutierrez Cos. as winning bidder for 100 Nagog Park, a three-story, 195,000-sf office building said to be trading for
NORWOOD, MA—A 69,000-sf office/warehouse property near Route One has been taken back by its lender, Utah-based Zion’s First National Bank. The action occurred this week, with the transfer priced at $2,769,309 on a loan written in October 2004 for $3,281,800.
BURLINGTON—As much as any part of suburban Boston, the northern tier of Route 128 beginning in Burlington has enjoyed a superb season on the office leasing front, and it appears the surge of activity is continuing right up through the end of 2010.
BOSTON—Park Lane Seaport, one of the city’s premier luxury residential properties, has traded for an impressive $193 million after a marketing campaign that drew interest nationally, therealreporter.com has learned.
COLCHESTER, VT — Its heart remains in Boston, but Legacy Real Estate Ventures is showing a willingness to expand beyond the Hub for commercial real estate when deemed prudent.
ARLINGTON—Ending a spirited fight waged throughout the summer, Harold Brown’s Hamilton Co. has emerged the winner of a 20-building multifamily portfolio, therealreporter.com has been informed. Fetching between