BOSTON—Following a quiet 2009, Synergy Investment & Development is getting back on the acquisition trail for commercial real estate, with sources indicating the Hub-based firm is buying 101 Summer St., a well-located but empty office/retail building near South Station. Run by pri
MARLBOROUGH — This struggling MetroWest business Mecca is getting a boost at just the right time thanks to promising Worcester life sciences company Advanced Cell Technology, which is relocating into 10,500 sf of laboratory and office space at 33 Locke Dr. Owned by WRT Management
LONDONDERRY, NH — A single-story industrial building here has changed hands for $1.52 million. Containing more than 37,000 sf, the 40-year-old property at 6 George Ave. is on a 2.7-acre parcel abutting Manchester Boston Regional Airport next door in New Hampshire’s largest city.
CAMBRIDGE — Developer Marc Resnick is wasting little time pursuing his planned renovation of 535-545 Cambridge St. into commercial and residential uses after closing last week on the three-story structure that has been vacant since 2006. Originally listed at $1.3 million, Resnick
MARLBOROUGH—Pruning season has yet to arrive in New England, but Normandy Real Estate Partners is not waiting around when it comes to trimming a few excess edges from the firm’s expansive Marlborough Technology Park. Richards Barry Joyce & Partners has been tabbed to market a pai
MIDDLEBOROUGH—A proposed casino in this southeastern Massachusetts community could seemingly improve the fortunes of real estate owners, but CBRE/New England brokers hired to sell the Talbot Woods Apartments here insist the 121-unit property makes for a safe bet in any scenario t
BOSTON — Real estate veteran Gregory Klemmer was named Broker of the Year and Cushman & Wakefield won for best investment sale of 2009 at the Commercial Brokers Association’s annual achievement awards held Thursday night. Among Greater Boston’s biggest events recognizing CRE prof
BOSTON—The city’s bleak office leasing market has brightened a bit for one downtown building thanks to a lease of nearly 6,000 sf by The Law Offices of Joel H. Schwartz PC at One Washington. Straddling Boston’s Financial District and Government Center, the 16-story, 155,000-sf pr
CHELSEA—The principals of CityRealty Group were eager to get hold of 180 Everett Ave., but having now accomplished that task, the two-story, 5,000-sf commercial property is already on the market for sale, and agent David Brose says the $399,000 asking price demonstrates their des
NORTH ANDOVER—A prime location at the confluence of three major roadways was key getting overseas capital to secure a 15,000-sf Rite-Aid here for $3.4 million, and broker Robert Horvath of Marcus & Millichap says unease about the European CRE market is further driving foreign fun
NORTH ANDOVER—Fundamentally speaking, 25 Commerce Way is just what lenders are looking for these days, with steady cash flow and stable sponsorship supporting a $7.85 million refinancing of the 169,000-sf flex/industrial property located here along Route 125. The loan from Salem
BOSTON—A leap year it is not, but while the sluggish beginning to 2010 from a commercial real estate sales perspective has some professionals dragging their heels, others say the measured start should help the industry from tripping up once New England’s hoped-for recovery commen
ACTON—The process has been rather stealth to begin with, but an effort by KBS Realty Advisors to harvest nine buildings here in suburban Boston’s MetroWest has reportedly gotten even quieter in the wake of a call for offers said to have been slated for last week. According to one