BOSTON—Pacific Rim capital from a family fund circling metropolitan Boston has landed a pair of instant redevelopment opportunities harvested by Thibeault Properties, vacant buildings lauded by listing agent Colliers International for “ultra-core” locations, LWP flexibility and lucrative expansion r
BOSTON—They are paying a pretty penny—and then some—but PNC has emerged as winning bidder for a treasured ground lease at 177 Huntington Ave. being sold by Beacon Capital Partners through HFF, sources are telling Real Reporter. One estimate has the “ballpark number” from its trade approaching $140 m
WAKEFIELD—A Florida investor’s 1031 exchange proceeds have just secured the upscale Wakefield Vista apartments here plus a refurbished multifamily community in Acton from True North Capital Partners via a $45.2 million portfolio deal arranged by Colliers International. The unsolicited, off-market p
NORTON—It seems Upland Woods was not a fluke. Barely four months after reaping $93 million selling 262 new first-class apartments in Norwood, a joint venture of Campanelli and Thorndike Development has harvested another freshly minted rental community in south suburban Boston, this outcome a $53.6 m
WESTBOROUGH—Four first-class office buildings purchased since 2012 by Ferris Development Group are being put up for sale through Colliers International, the 575,000-sf portfolio expected to fetch upwards of $70 million by some accounts. Being listed minus pricing guidance, the listing headlined by
SOMERVILLE—It is said there is strength in numbers, and one can find such mettle among the metrics comprising Ames Business Park where an overseas investor is reportedly paying upwards of $88 million—approaching $300 per sf—for a 17-building complex listed exclusively by Newmark Capital Markets advi
BOSTON—Investors cannot seem to get enough of Seaport Center—especially Related Beal—or so it would seem amidst industry rumors claiming that CRE powerhouse is about to acquire the 477,000-sf Class B office building for the second time in a dozen years through exclusive agent Eastdil Secured, predec
CANTON—Spear Street Capital of San Francisco has agreed to purchase the 680,000-sf former Reebok headquarters being divested here by Adidas Inc., parent to the Massachusetts-based athletic footwear company that has relocated to Boston’s Seaport District. Bidding through 2017 on Reebok’s surplus subu
BOSTON—One of the Financial District’s pioneering office towers—28 State St.—is being awarded to Midwest investor Heitman Capital Management at pricing that could near $430 million, sources are indicating to Real Reporter, with the 40-story structure at Congress and State Streets said to be trading
NEWTON—Say “Hello” to 128 CRE, a freshly minted real estate services firm launching today, the operation comprising a half-dozen seasoned suburban professionals who intend to make their presence known—and in fact, already have—along America’s Technology Highway, with a “hyper-spec
BOYLSTON—Nearly everything involving a new FedEx facility under construction here is super-sized—including the hefty pricing 100 Pine Hill Dr. is expected to attract via a sales campaign being launched by JLL for developer Scannell Properties. Market watchers tell Real Reporter the 352,000-sf distri
ALLSTON—In principal Jason S. Weissman declaring 103 North Beacon St. “among the best pieces of real estate you will find anywhere today,” Boston Realty Advisors is providing a litany of reasons supporting such a bold assertion regarding the 27,350-sf mixed-use assemblage on 1.5 acres being marketed
ANDOVER—Acting on behalf of an overseas client hailing from the Middle East, investment advisor Bentall Kennedy has agreed to buy the headquarters of medical devices firm Smith & Nephew from Spear Street Capital, according to CRE sources. Listed exclusively by Newmark, 150 Minuteman Rd. is