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
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
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.
BOSTON—It is always rewarding to have friends, especially those of the foul-weather variety, and no one appreciates them more than the commercial property management industry. With storm clouds gathering ominously over the CRE terrain, leaders of the region’s top property managem
MIDDLEBOROUGH, MA—When a venture spans three decades, timing can be difficult to control, and Jeffrey P. DeMarco acknowledges that the completion of his firm’s build-to-suit deal with IDEX Health & Science at the Campanelli Business Park was especially gratifying given the curren
BOSTON—There was not much strength to the industrial market at the outset of 2009, as the sagging economy finally caught up to the occupants of manufacturing and warehouse space throughout New England. The result was rising availability rates, sagging rents and tenants frozen fro
NEWTON—A highly visible Sheraton hotel straddling the Massachusetts Turnpike Extension is being sold by Starwood Hotels & Resorts to a regional hospitality management firm. Owned via a ground lease controlled by the Massachusetts Turnpike Authority, the Sheraton Newton Hotel at 3
Concerned it will result in onerous rules and increased costs for the commercial real estate community, NAIOP Massachusetts has issued an action alert urging members to lobby against proposed changes to the state energy code. In a dispatch sent this week, NAIOP officials say the
BOSTON—Opting to follow the money trail, commercial real estate design and construction professionals are eagerly rushing towards Dubai in the United Arab Emirates, and denizens hailing from the “Hub of the Universe” are increasingly in those ranks. Architects, engineers and CRE
PEABODY — Office and industrial users on the North Shore have a new rental option to consider, as Synventive Molding Solutions is putting up to 88,000 sf on the sublease market. The building, 10 Centennial Dr., was purchased last autumn for $46 million by Children’s Hospital, whi
ACTON — Multi-family giant Equity Residential is offering a four-building apartment community here for sale, retaining CB Richard Ellis/New England to market Spring Hill Commons. The 105-unit complex is being priced at $9.1 million, or approximately $87,000 per unit.
BURLINGTON—An e-mail marketing company is said to be the latest technology firm making the move off Route 128 to Network Drive at Northwest Park, the former Sun Microsystems complex acquired by the Nordblom Co. and affiliate Nordic Properties. Multiple sources maintain that e-Dia
METHUEN—Speculative construction of the hulking Methuen Industrial Center here earlier this decade was deemed a gamble by some, but after a slow initial lease-up period, the pioneering venture found its niche as a multi-tenanted development, and now has scored another victory in