CAMBRIDGE, MA—A seemingly straightforward office building sale near Harvard Square has become fraught with plot lines, as market watchers claim the new ownership is quietly emptying 1030 Massachusetts Ave. in a bid to convert the 24-year-old property
BOSTON—Capitalization rates in the CRE investment market, once very much linked to the local markets, are now subject to national and global vagaries, Massachusetts Institute of Technology professor and economist William Wheaton stressed at the 15th annual NAIOP of Massachusetts/SIOR Market Forecast
BRAINTREE, MA—When it comes to cold-storage facilities, the Campanelli Cos. is on fire. Eight years after being hired to erect a building in Sharon on behalf of Preferred Freezer Services, Campanelli has just been called on to design and
HOLLISTON, MA — Unlike latter day tenants fearful of locking in to a property beyond 36 months, Color, Inc. has committed big time to 47 October Hill Rd., parlaying a seven-year lease signed in 2008 into an outright purchase of the 30,000-sf structure here in suburban Boston’s MetroWest region
ASHLAND, MA — Feeding off the $16.6 million sale of an established apartment community here, Apartment Realty Advisors is taking on a new assignment that will market a massive multifamily project yet to break ground. “That will be going out next week,” ARA principal Richard Robinson concurs
BOSTON—It took awhile, but the savvy owners of 333-335 Newbury St. appear to have gotten anticipated pricing of the 14,000-sf commercial property via a trade topping $8 million that brings a New York retail specialist to the famous shopping street.
CAMBRIDGE, MA—A prominent 65,000-sf office/retail building has changed hands for $18.9 million. Owned for the past decade by Paradigm Properties, 1030 Massachusetts Ave. is located on the edge of Harvard Square in the city’s tight mid-Cambridge district.
CAMBRIDGE — In acquiring the rights to build 150 Second St., Skanska USA’s commercial development arm is making a bold first impression as part of an ambitious campaign to pursue similar ventures across New England. City leaders and
FRAMINGHAM, MA —Phoenix Commercial Real Estate has negotiated the $4 million sale of 354 Waverly St. to the Edward M. Kennedy Community Health Center, formerly known as the Great Brook Valley Community Health Center. The 27,000-sf office building will be employed to consolidate two existing
CHELMSFORD, MA—A 24,450-sf shopping center strategically located at the Drum Hill Rotary has sold for $6.7 million to Linear Retail Properties of Burlington. The acquisition of Chelmsford Plaza is the 55th New England purchase by Linear as part of a $300 million investment fund targeting convenience
WALTHAM, MA—An ecletic ownership group is wasting little time becoming a player in the Greater Boston investment sales market, closing this past week on 159 Overlook Rd. here for $4.5 million and separately securing 4 Preston Ct. in neighboring Bedford for $2.9 million. Both trades were negotiated
SAUGUS, MA—A 68,000-sf shopping center northbound on bustling Route One is the latest retail property being offered up for sale in suburban Boston, as the owners of Saugus Plaza at 444 Broadway have retained Cushman & Wakefield to peddle the multi-tenanted property, C&W Executive Director Geoff
BOSTON—After inking an 82,000-sf lease at the Hub’s 530 Atlantic Ave. on Boston Harbor, Communispace Inc. has tabbed Newton-based Diversified Project Management Inc. to orchestrate an upcoming move that is slated to take place next summer. Communispace’s lease at the waterfront building known as Atl