ATTLEBORO—Another clear example of ardor for New England multifamily properties can be found in the recent sale of Crystal Village by an affiliate of Chicago-based Equity Residential. Brokered by Apartment Realty Advisors, the 91-unit apartment community at 3 Commonwealth Ave. wa
BOSTON—Even with plenty of fresh capital in its pocket to spend on commercial real estate, the Marcus Capital Partners Fund I is proceeding ahead frugally and cautiously, namesake Paul R. Marcus stressed this week in announcing the closing of the $210 million vehicle that will be
BOSTON—Thanks to a flurry of recent activity in the multi-family arena—including a major deal involving 500 Boston apartments divested by BlackRock Realty—Cushman & Wakefield’s Apartment Brokerage Group has exceeded $100 million in volume at the mid-year point of 2009, and indica
NEWTON—One of the state’s most established suburban hotels—the Boston Marriott Newton—has changed hands for $29 million. Abutting Route 128 in the city’s Auburndale section, the 440-room operation that features a restaurant and extensive function space has been purchased by The P
BOSTON—Fighting off a difficult economy that has kept the professional services sector depressed, one downtown office property has scored a legal leasing victory by landing Nelson, Kinder, Mosseau & Saturley for 10 years. The New England-based law firm is taking space on the 10th
WALTHAM—Apparently, demand is a difficult thing to order in suburban Boston’s office market these days. Although developers managed to keep speculative buildings from flooding the region in the latest cycle, observers say the grueling national recession will make it harder to plu
WILMINGTON—World Travel is coming to this North suburban community thanks to a 21,000-sf headquarters lease inked at the Fordham Road Office Park, landlord KS Partners has announced. World Travel Holdings’ long-term deal at Building C brings occupancy of the business park to 100
BOSTON—Industry professionals vying for The Office Building of the Year (TOBY) accolades can get a leg up next week thanks to two seminars by BOMA Boston. Featuring panelists from past winning teams, the July 21st and 23rd events will outline requirements, tips for easy entry, pl
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