BOSTON—One of the city’s largest Class B office buildings, 40 Broad St., is being sold by Teachers Insurance and Annuity Association to Invesco Real Estate in a deal being negotiated by Eastdil Secured’s Capital Markets group. Market sources peg pricing for the 291,000-sf structure above $150 mill
BURLINGTON—In yet another sign the hospitality sector boom has extended beyond Boston’s urban core, the 418-room Boston Burlington Marriott has changed hands for what some say could be a Route 128 record for a full-service hotel, as Cornerstone Real Estate Advisers cashes out at a consideration of
BOSTON—The Ames Building in downtown Boston has an incredible history, and finally its future is looking bright as well, with CRE sources indicating Invesco Real Estate is buying the elegant asset which upon completion in 1893 was celebrated as Boston’s first skyscraper, earning it a home on the Nat
WALTHAM—Anchor Line Partners seems to be a big believer in the office market here, or so it would appear given reports the homegrown CRE investment group led by Brian Chaisson and Andrew Maher has tied up Prospect Hill Office Park along with Northwood Investors in a deal expected to crest $102 mill
BOSTON—The same Empire State investors who swept into town last year to buy a prime development site across from Boston Common, then landed buildings on Beacon Hill and the coveted Bunker Hill Industrial Park in Charlestown this summer, have now beat out stiff competition for the South End headquart
BOSTON—One of metro Boston’s most enduring and recognizable commercial buildings is being put up for sale through Newmark Capital Markets and its team led by Robert E. Griffin Jr. According to some CRE crystal-ballers, the Sears Crescent Building could reap upwards of $450 per sf for Copley Invest
BOSTON—An iconic Downtown Crossing office tower approaching three decades in use appears to be getting better with age, or so it would seem if reports bear out indicating 99 Summer St. is under agreement to Rockpoint Group for a figure said to eclipse $131 million. Known for its distinctive red roof
WOBURN—The Davis Cos. has entered a new business line, for the first time in its lengthy history grabbing a piece of the hospitality sector via a $32.1 million purchase of an aging Hilton Hotel at 2 Forbes Rd. In partnership with Rubicon, the purchase from original developer Columbia Sussex equates
BOSTON—All of a sudden, there is more to love—or at least to buy—in 40 Broad St., the hulking Class B office building TIAA-CREF earlier this year hired Eastdil Secured to bring in a minority partner for, offering a 49 percent share to a property the pension fund spent $110 million to secure in May 2
BOSTON—In a deal that would rock an already evolving central business district, the Boston Globe is said to be negotiating with Exchange Place to move from its landmark home on Morrissey Boulevard on the outskirts of downtown to the 40-story Financial District tower at 53 State St. The publication
BURLINGTON—The harsh stretch which darkened 70 Blanchard Rd.’s doorstep in the early 1990’s real estate bust faded long ago, and its steady performance in the ensuing decades are about to pay off for E&F Realty Associates. The private investment firm which adroitly scooped up the 107,400-sf office
BOSTON—Another Seaport District office tower is being put up for sale. Industry sources claim Skanska USA has hired Newmark Grubb Knight Frank to divest its just completed 101 Seaport Blvd. building that industry whispers say could eclipse a whopping $1,000 per sf.
MALDEN—A “fortress-like” bank building next to city hall and across from a major transportation center is being put up for sale through HFF’s Capital Markets group, industry sources are telling therealreporter.com. Managed by Gramercy Real Estate on behalf of KBS Realty Investors, 200 Exchange St.