BOSTON—It sounds like a maneuver one might witness at the ubiquitous Massachusetts rotary, but in commercial real estate circles, an “inverted merger” unveiled this week connotes the union of Black Cow Architects and NELSON Architects, a Philadelphia-based firm with a desire to f
BOSTON—Despite countless rumors of its imminent demise, the sale of a five-story, 115,000-sf office building owned by the RREEF Funds appears headed for a successful outcome, with observers maintaining that One Winthrop Sq. could change hands by month’s end now that bidder GLL Re
BOSTON—Barely four years after acquiring 500 apartments in several prime Hub neighborhoods, BlackRock Realty has liquidated its majority stake to Brookline investor Andre Danesh and a former partner, therealreporter.com has learned. Jeffrey Libert, whose stewardship of the assets
ANDOVER—In what could be a precursor of mounting tussles involving over-leveraged commercial real estate, the owners of seven suburban assets including a three-building complex here are facing possible foreclosure, according to sources indicating that lender UBS is moving in that
WORCESTER—It was good enough for a sophisticated academic client dedicated to sustainability, and now Cannon Design’s multi-purpose facility at Worcester Polytechnic Institute has earned another stamp of approval after being certified as LEED Gold by the US Green Building Council
ARLINGTON—There were plenty of moving pieces to juggle, and a tenuous lending environment to confront, but mortgage broker Cornerstone Realty Consultants still managed to secure $9.35 million for the recently completed $12.0 million purchase of a 90-unit apartment portfolio. The
Greater Boston’s industrial landlords have struggled as much as any commercial real estate constituency during the lingering recession, and mid-year figures released this week show continued softness, accentuated by a rough start for the northern and southern suburban tiers. But
BOSTON—This city is proud to be home of the Red Sox, and across the river in Cambridge, Harvard crimson is eternally popular. Less enviable, however, is a distinct red tinge found in mid-year surveys released this week by three commercial real estate firms, missives that paint a
WALTHAM—Despite what might be described as a core meltdown of the suburban Boston office market during the first half of 2009, a bevy of substantial requirements in the pipeline offers mild optimism that leasing activity will be re-energized once the summer doldrums evaporate. Ac
WALTHAM—A few unique circumstances make it difficult to compare in some respects, but the prolonged transfer of a 105,000-sf office building overlooking Route 128 would seem to approach a record for suburban Boston. Reaping $44.6 million (see page six), sellers Normandy Real Esta
BOSTON—Thomas Brennan says he has seen the entire cast of Cheers strolling down Newbury Street at one time or another, but thanks to a commercial real estate career launched there in June 1984, Boston’s iconic shopping boulevard is the place where everybody knows his name.
SUDBURY—Helping to position the asset for sale, a local firm has leased nearly 11,000 sf at 25 Union Ave., a single-story industrial building located on five acres near Route 2. Preston Gray Corp., which does business as New England Garden Ornaments, will occupy a mix of office,
BOSTON—The Boston Conservatory has been deftly training artists in music, dance and theater since 1867, but financing for a $30 million renovation and expansion at its Fenway campus was orchestrated through the creative talents of the Hub’s legal community. Supplemented by a $3 m