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• September 17, 2009
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  Gaining Popularity, Temp Offices Seen as More Than Just a Passing Fad

  September 17, 2009 | Joe Clements

  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

• September 17, 2009
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  Results Add Up in $1.4M Natick Sale

  September 17, 2009

  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

• September 17, 2009
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  Cannon Design, Client Fete Opening of 26-story Boston University Res Tower

  September 17, 2009

  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

• September 17, 2009
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  Wexford Village Crops Up for Sale

  September 17, 2009 | Joe Clements

  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

• September 17, 2009
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  $9.7M Sale Done, Hecht in Buy Mode

  September 17, 2009 | Joe Clements

  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

• September 17, 2009
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  Avid HQ Search for 200,000SF Tuning in to Network Drive

  September 17, 2009 | Joe Clements

  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

• September 10, 2009
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  Anshen + Allen Architects Team Fetes 140,000SF W&I Hospital Expansion

  September 10, 2009

  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

• September 10, 2009
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  Crean, Freni, Lyne Broker 12,000SF in Two Deals Inked at 20 Winthrop Sq.

  September 10, 2009

  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

• September 10, 2009
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  Naughton, New Dover Nail Down 13,500SF Deal

  September 10, 2009

  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

• September 10, 2009
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  Princeton Cashes Out in Chelmsford Via $4.4M Sale of Hawthorn Suites Hotel

  September 10, 2009 | Joe Clements

  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.

• September 10, 2009
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  Timing Seen Ripe For Office Tenants

  September 10, 2009 | Joe Clements

  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

• September 10, 2009
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  Acme Packet Pursues, S&W Renews

  September 10, 2009 | Joe Clements

  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

• September 10, 2009
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  CBRE/NE Adding Millions of SF As RREEF Outsources Portfolio

  September 10, 2009 | Joe Clements

  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

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