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• 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.

• April 02, 2009
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  ‘Foul-Weather Friends’ Brighten CRE Management Outlook

  April 02, 2009 | Joe Clements

  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

• April 02, 2009
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  End Nears for Campanelli Business Park

  April 02, 2009 | Joe Clements

  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

• April 02, 2009
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  Economy Catches Up to Industrial CRE

  April 02, 2009 | Joe Clements

  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

• April 02, 2009
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  Sources: Sheraton Newton Sale, Rebirth as a Crowne Plaza Near

  April 02, 2009 | Joe Clements

  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

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