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• April 23, 2009
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  Parametric on Prowl for 300,000SF

  April 23, 2009 | Joe Clements

  NEEDHAM—Parametric Technologies Corp., one of Boston Properties’ biggest tenants, is searching for a new global headquarters in suburban Boston, reportedly hiring DTZ FHO Partners to identify alternatives to the software company’s current home at 140 Kendrick St. PTC is seeking b

• April 23, 2009
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  German Fund GLL Picked to Buy One Winthrop Square

  April 23, 2009 | Joe Clements

  BOSTON—Stitching investment sales together has never been more challenging in the new millennium, but it appears that one closely watched deal is nearing a favorable conclusion. Industry sources are claiming that German suitor GLL Real Estate Investors has been tabbed to buy One

• April 16, 2009
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  Leases Breathe Life into Ayer Industrial Market

  April 16, 2009

  AYER—Spring is slowly, but finally, returning to this mid-Massachusetts community, and so is the leasing velocity in one of New England’s emerging industrial centers. A pair of buildings on Route 2A have secured commitments by three firms, including two who will share 7,200 sf at

• April 16, 2009
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  Trying Times Return for Central Route 128 Office Market

  April 16, 2009 | Joe Clements

  WALTHAM—Down economies can be brutal on fringe office districts, but the current recession is even fraying core fundamentals, as evidenced by Q1 data showing the Central Route 128 submarket roiled by rising vacancies, fresh sublease options and rent growth in reverse, eroding the

• April 16, 2009
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  Sale of 170-Acre Retail Site ‘Imminent’

  April 16, 2009

  MERRIMACK, NH—Retail real estate might be on its heels, and land investments have been entirely knocked off their feet, but a planned outlet mall here is standing tall as the owners prepare to complete their purchase of 170 acres for $17 million. According to sources, Chelsea Pro

• April 16, 2009
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  CRE Veterans Making Bet on Bust

  April 16, 2009 | Joe Clements

  PROVIDENCE, RI—Jeffrey J. Miller and James H. Patterson II have spent much of the decade buying $600 million of US real estate for Australian investors, but their latest client base is down under in a different way. Forecasting an onslaught of distressed assets, the founders of B

• April 16, 2009
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  C&W Brokers $24M Retail Center Sale for Centro Property Group

  April 16, 2009 | Joe Clements

  It is déjà vu all over again for the retail brokerage team at Cushman & Wakefield, which for the second time in as many weeks has tendered the sale of a prime retail center in Enfield, Connecticut, on behalf of Centro Property Group. Having just harvested Centro’s 122,000-sf Stop

• April 09, 2009
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  Boston Realty Advisors Gets Retail Leasing Nod

  April 09, 2009

  BOSTON—Architectural firm ADD Inc.’s bid to liven up its 311 Summer St. headquarters has taken another step forward with the selection of a broker to lease retail space in the mixed-use structure located in the Hub’s Fort Point Channel district. Boston Realty Advisors has been ta

• April 09, 2009
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  CREs Come Together, but Debate Mark-to-Market

  April 09, 2009 | Joe Clements

  Unity is always a good thing in turbulent times, and for the most part, that is what local attendees report from last week’s Counselors of Real Estate mid-year meetings in New York City. But while the four-day program drew rave reviews, there were divergent outlooks over a leadin

• April 09, 2009
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  Kindred Pays $15.5M for Hospital Asset

  April 09, 2009 | Joe Clements

  SPRINGFIELD—It looks like the operators of Kindred Hospital Park View are going to stick around for awhile, with officials for the specialty care facility opting to exercise a lease option and purchase the property at 1400-1414 State St. The former Springfield Municipal Hospital

• April 09, 2009
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  I-495 Office Market Sees Red in Q1

  April 09, 2009 | Joe Clements

  MARLBOROUGH—Framed by minus-280,000 sf absorption in a Richard Barry Joyce & Partners review issued this week, the Interstate 495 office market suffered a setback in the first quarter from a lengthy recovery it had been enjoying for the past three years. But while a bit bloodied

• April 09, 2009
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  Colony Realty Shopping Suburban Assets Totaling Nearly 700,000SF

  April 09, 2009 | Joe Clements

  FRANKLIN—Since its genesis in 2005, Colony Realty Partners has shown a propensity to buy commercial real estate across the US, and now the group is displaying a willingness to sell as well. In addition to a modern distribution building in Woburn, the Boston-based real estate inve

• April 02, 2009
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  Church Green Offering Springs Forth

  April 02, 2009

  BOSTON—Yet another well-regarded Class B office property is being offered up to investors. The so-called Church Green building at 101 Summer St. is being marketed sans asking price by the investment sales team at CB Richard Ellis/New England.

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