BEDFORD, MA—Unlike the previous year, 2010’s summer investment sales season was not entirely barren for commercial real estate in Greater Boston, and a pending deal here underscores that buyers are continuing to troll for opportunities even as fears of a double-dip recession
WOBURN, MA—More than a year after owner New Boston Fund first offered it up for sale, a four-building luxury multifamily complex near the juncture of Interstate 93 and Route 128 has been purchased by an affiliate of JPMorgan Chase,
BOSTON—After confirming its commitment to purchase Waltham’s Bay Colony Corporate Center for $185 million, Boston Properties has edged out Vornado Realty Trust in a bidding war for the John Hancock Tower, industry sources are telling therealreporter.com.
MILLBURY—Continuing to aggressively pursue commercial real estate opportunities regionally, the Campanelli Cos. of Braintree has closed on a 5.7-acre industrial property here along the Massachusetts Turnpike just outside Worcester.
CHELMSFORD — The more things stay the same at 330 Billerica Rd., the more they change. In the wake of Principal Life Insurance Co. renewing tenant Comcast for all 98,000 sf, sources indicate Eastdil Secured has been hired
CAMBRIDGE — Lincoln Property Co. has lived up to its billing as a full-service commercial firm, helping client Invesco Real Estate hit 100 percent occupancy at the landlord’s premier Kendall
BOSTON — Only “infrequently” do multifamily investment opportunities come around with the attractions of Navy Yard 33, Cushman & Wakefield CRE veteran Simon J. Butler says of the 47-unit rental property
BOSTON — A commercial real estate services sector already teeming with competition is about to get another formidable entrant, this one a Florida-based operation that hopes to add dozens of brokers and other staffers to its ranks in the coming months.
QUINCY — Daniel Cronin’s legacy endures in many ways throughout the late developer’s South Shore stomping grounds, as evidenced by the namesake Daniel Cronin Apartments at 274 Washington St. in Quincy, and industry observers credit daughter Patricia M. Cronin’s stewardship
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.