BY JOE CLEMENTS BOSTON — Yes, New England, there is a financing source for hotels, according to Fantini & Gorga, but the mortgage banking firm’s latest lender survey and recent experience arranging loans
Luring another national investor to the Hub’s relatively stable apartment arena, Cushman & Wakefield’s multifamily team this week negotiated the $98 million sale of Garrison Square in the Hub’s Back Bay District, reaping a $6 million gain for the Archon Group in the 160-unit
BEVERLY—A headquarters search across the North Shore has ended here in the opening of a 9,000-sf operation by Atlantic Tele-Network Inc. at 600 Cummings Center, part of the Cummings Center mixed-use complex that encompasses two million sf of commercial space.
WALTHAM—Maric Inc.’s pursuit of commercial real estate in suburban Boston continued this week when the homegrown real estate firm followed up on last month’s $9 million purchase of 254 Second Ave. in Needham by acquiring 400 Fifth Ave. in Waltham for a tidy $12.9 million.
WAKEFIELD — Further solidifying the tenant roster in two Class A office buildings acquired last autumn for $37.5 million, Hobbs Brook Management has signed a 17,000-sf lease renewal and expansion at 401 Edgewater Pl. Franklin Street Properties is relocating inside the 255,000-sf
BURLINGTON — Thanking Heaven might seem a tad blasphemous, but whether the catalyst was corporate or cosmic, Linear Retail Properties is hailing 7-Eleven’s 2009 purchase of White Hen Pantry in New England as a Godsend for 10 assets favorably impacted by the high-profile deal. The
SALEM, NH — After being pursued by several leading investors, the abandoned Cisco Systems flex/industrial complex off Interstate 93 is reportedly being sold back to its former owner for a fraction of the $45 million spent to purchase the 110-acre complex a decade earlier. Equity
MIDDLEBOROUGH — A 121-unit apartment community here in southeastern Massachusetts is about to change hands, with sources indicating that Talbot Woods is being sold by AIMCO to a New York-based owner/operator that made its initial foray into the Massachusetts multifamily arena las
WINDSOR LOCKS, CT—Already a dominant player in northern New England, Cushman & Wakefield’s Capital Markets Group is stepping up its investment sales pace in Connecticut, as evidenced by one $55 million deal that closed last week and a new listing taken on by the Middle Markets te
MIDDLETON—As exclusive listing agent, Anthony Triglione of the Kane Co. announces the recent sale of Building B, a 17,285-sf, free-standing commercial condominium in the Riverview Industrial Park. The unit was sold to an affiliate of Tool Technology Inc. for $700,000, with the bu
READING—Oaktree Development of Cambridge has selected MANSARD Commercial Properties to market 20,000 sf of ground-level retail space being planned for downtown Reading’s Haven Street business district as part of a four-story, mixed-use project. Located at the site of the former
MEDFORD—TeleCom City is a fading memory, but 200 acres set aside for that ill-fated business park straddling Everett, Malden and Medford will soon accommodate promising life sciences company Progenika in a 9,000-sf deal that seems to validate the tri-town revitalization campaign
HAVERHILL—A two-year-old CVS Pharmacy retail property in the heart of this Merrimack Valley community has new ownership after changing hands this week for $6.47 million, equating to a healthy $541 per sf and capitalization rate of 7.7 percent. The seller is Hecht Development of