In troubled times, kindred spirits are surely welcomed, and for local commercial real estate owners, a growing stripe of colleagues are peddling management services as a way for all involved to weather the chaotic market downturn.
BOSTON—Much like New England’s cranky weather, mixed messages seemed to be the order of the summer for the third quarter office market, and a few bright spots in the Jones Lang LaSalle Greater Boston survey released this week were overshadowed by the sector’s overall struggles an
WAKEFIELD—Barely two months after hitting the sales block, a pair of Class A office properties here along Route 128 has a pending buyer in the owner of two neighboring buildings. Totaling 335,000 sf, 301 and 401 Edgewater Office Park are being traded to FM Global by the James Cam
BOSTON—There will be a ceremony later to fete the transaction and pending upgrades, but the $3.75 million purchase of a 60,000-sf building here in the Newmarket industrial district is already being chalked up as a victory by deal participants such as brokers Mark Stevens and Stev
WALTHAM—Apparently, a change of ownership at 281 Winter St. sits fine with EDCO, which has renewed a lease for close to 8,700 sf in the three-story, 67,000-sf office building. The collaborative of 21 Greater Boston school districts initially signed on in February 2006, prior to t
PROVIDENCE, RI — Proving a willingness to go the extra mile in search of investment opportunities, Massachusetts-based Legacy Real Estate Ventures has crossed borders into the Ocean State to buy 111 Plain St., a 12,800-sf medical office building adjacent to the Rhode Island Women
BOSTON — In cycles favoring tenants, better office buildings tend to outperform the competition, but research by Richards Barry Joyce & Partners indicates the opposite is true of late. Underscored by negative net absorption of 545,000 sf in the third quarter alone, RBJ’s data rev
FOXBOROUGH, MA — A single-story flex building here in the Cabot Business Park has changed hands for $11.1 million, as an affiliate of Framingham-based Park Square Realty Corp. acquires 25 Forbes Blvd. The seller is a partnership between AMB Property Corp. and National Development
QUINCY — Make it $150 million — and growing. In quietly negotiating the $27.2 million trade of a 171-unit apartment community here on Boston’s South Shore, the multifamily team at Cushman & Wakefield has now surpassed the $150 million sales mark for 2009, and a flourish of activ
BOSTON—It looks like the temporary office model is here to stay. Once dismissed as a choice of last resort, shared office suites are being viewed as a favorable option to compete in the evolving, new-age economy. Locally, the reaction is seen in continued expansion by industry
NATICK—Bearing an ownership handle like “For CPA’s LLC,” one would hope for positive numbers in the divestment of 3 Tech Circle, a single-story flex/office building acquired by the group in March 1999 for $830,000. The figures on paper do appear encouraging, as the 8,725-sf struc
BOSTON—Architectural firm Cannon Design and Boston University have announced the opening of a 26-story residence tower off Commonwealth Avenue that will accommodate close to 1,000 students in an ongoing effort to house BU undergraduates on campus. The 396,000-sf structure is the
WORCESTER — To broker Paul Donahue’s trained eye, Wexford Village is not your garden-variety garden-style apartment community. “It’s fair to say this is the premier garden-style apartment property in Worcester,” the multi-family sales expert opines this week of the 38-acre, 264-u