CONCORD—Kenneth W. Hecht is out looking for trouble. Launching a commercial real estate investment campaign fresh on the heels of selling a Rhode Island retail plaza for $9.7 million—more than $460 per sf—Hecht Development is pursuing underperforming properties that can benefit
BURLINGTON—With time running out on its headquarters lease in Tewksbury, Avid Technologies is said to have turned the corner in pursuit of a possible replacement home—in fact, sources maintain the company has moved down from Interstate 93 to Route 128 and is eyeing Network Drive
PROVIDENCE, RI—The Northeast office of Anshen + Allen architects is celebrating this month’s opening of its latest healthcare related project, a 140,000-sf addition to the Women & Infants Hospital. The state-of-the-art expansion is highlighted by an 80-bed neonatal intensive care
BOSTON—Commercial leasing has seen busier times, but one property in Boston’s Financial District has transcended the torpid atmosphere, with 20 Winthrop Sq. owner A.W. Perry Inc. announcing this week that a pair of tenants will each lease 6,000 sf in the five-story, 30,000-sf bui
CANTON—South suburban Boston’s commercial real estate market has received a late-summer boost thanks to a lease commitment by L&M Flooring LLC. The flooring products company has committed to 50 percent of 956 Turnpike St., a 26,775-sf building that L&M will utilize as a mix of of
CHELMSFORD—A 105-room extended stay hotel developed and run by Princeton Properties of Lowell has been sold for $4.4 million. The 11-year-old Hawthorn Suites is now owned by Jamsan Hotel Management Inc. of Lexington, principal Ashook Patel acknowledges to The Real Reporter.
BOSTON—When it comes to leasing commercial space, time is running out on the waiting game, according to respected tenant advisor Joseph F. Sciolla. The managing principal at Cresa Partners does anticipate industry woes well into 2011 that favor lower rents and continued tenant l
BOSTON—Small- and medium-sized office lease deals have ruled the roost thus far in 2009, but a few six-figure agreements are finally appearing as the final quarter approaches. In the Hub’s Financial District, law firm Sullivan & Worcester this week announced a 115,000-sf renewal
BOSTON—A property management shakeup bearing local and national implications is on the horizon, with industry sources telling The Real Reporter that the RREEF Funds will outsource a portfolio covering tens of millions of square feet to CB Richard Ellis and Transwestern Investment
PLYMOUTH—Despite the loss of a famous anchor, the Harborview Place office building at 225 Water St. has done anything but founder after being recast as a multi-tenanted property. In the latest wave of activity, two new leases have been secured by Eastport Real Estate Services, de
BEDFORD, NH—Sometimes, going nowhere can be a good thing. GFI Partners would feel as much in the case of its 43 Constitution Dr. office building after having retained two key tenants in deals that bring occupancy to 90 percent. Payroll and human services firm Paychex has renewed
WOBURN—HealthcareSource, a recruiting agency focused on the medical industry, has announced its relocation to TradeCenter 128, the landmark office complex developed and operated by Cummings Properties. Previously located in nearby Winchester, HealthCare Source occupies 10,000 sf
NASHUA, NH—Trusting in government is not always an easy endeavor, but a subsidiary of Newton, MA-based HRPT Properties Trust touting exactly that strategy has just paid $18.1 million for a 321,000-sf warehouse facility occupied by the US Postal Service. The Government Properties