ACTON—It appears the harvest season is coming early this year for Equity Residential. The Chicago-based real estate investment trust is said to be close to selling a four-building apartment complex here after completing the $9 million disposition of another development near the R
BROOKLINE—Giving the mid-year investment sales market a badly needed jolt, one of Boston’s most prestigious residential properties is being put up for sale, industry sources are telling The Real Reporter. The nine-story, 409-unit Dexter Park Apartments development is owned by an
Sustainable energy is quite the rage in design and construction circles these days, but colleagues of Charles N. Tseckares wonder what all the fuss is about, especially longtime friends such as CBT Architects co-founder Richard J. Bertman, whose partnership extends into four deca
GREENLAND, NH—Overcoming a torpid debt market that has cratered countless New England property sales this year, Equity Industrial Partners has received more than $15 million from Boston Private Bank & Trust Co. to acquire 150 Ocean Road, a 365,000-sf industrial building located a
WOBURN—It is said that hope springs eternal, and being in Red Sox country perhaps makes the aura of optimism more acute. Whatever the catalyst might be, however, there has been a rising tide of commercial real estate properties put up for sale of late only to be pulled when prici
READING—A prominent 3.5-acre site that had been eyed for retail development is being repositioned as an office destination, with Atlantic Tambone Corp. of Lynnfield proposing a four-story, 80,000-sf brick building at 100 Main St., the company’s one-time headquarters. An experienc
BURLINGTON—Providing a modicum of momentum for the suburban property sales market, regional investor H.N. Gorin Inc. has completed its purchase of 51 South Bedford St. from the New Boston Fund, paying $10.1 million for the 100,000 sf office/telecom building that is fully occupied
BOSTON—As a leading US provider of building expertise, with clients in 25 states, Able Engineering Services feels the pain of struggling commercial real estate operators—and is seeking to gain from it, AES President and Bay State native Paul Saccone relays in a recent interview.
BOSTON—When it comes to the sustainability movement, CBT Architects has been earning extra accreditation of late. Besides the Boston firm’s support for the highly touted American Institute of Architects’ 2030 Commitment promoting green precepts, 19 CBT staffers have become LEED c
FOXBOROUGH—Up against the worst economic conditions in a half-century, the timing might seem a bit off for delivering new rental units, but in the eyes of developer Matthew Abrams, his 55-unit Chestnut Green Apartments project cannot come on-line soon enough. “Everything is start
BOSTON—The suburban office market “stinks,” accedes broker Christopher Tosti. Cambridge landlords are cutting rents to attract CRE users, advises colleague Peter Bekarian. And Hub investment guru John Fowler—now based in Manhattan—explains conditions are so bad there of late he i
WALTHAM—Surging e-mail marketing firm Constant Contact has provided a direct shot in the arm to the suburban Boston office market, having inked a 130,000-sf renewal and expansion at Reservoir Place. The three-building, 526,000-sf office park is owned by Boston Properties, whose s
CRANSTON, RI—This pioneering industrial city just south of Providence is giving multifamily investors an established option to consider, with CB Richard Ellis/New England retained to peddle the Garden City Apartments. The seven-building, 94-unit complex is being offered at $6.4 m