BOSTON—Bringing its CRE holdings secured here to 11 properties in just 21 months, the partnership of Urban Meritage and Novaya Ventures (UMNV) has taken a giant step forth in purchasing the hulking six-story 126 Newbury St. from its longtime New York owner in an eye-popping $54.2 million deal consu
BOSTON—Yet another real estate heavyweight is muscling into the booming Seaport District and its core Fort Point Channel area that is garnering attention from global capital sources near and far, the latestTexas-based Invesco, who has apparently triumphed in a heavily contested process at a price
BOSTON—A six-level parking garage has not sated Bentall Kennedy’s appetite for Seaport District real estate, with the investment advisory giant now piling on its plate three office buildings from DivcoWest where 220,000 sf is changing hands in the $480-per-sf sphere. If market estimates prove accura
BURLINGTON—Cushman & Wakefield’s Capital Markets Group is spending the holiday season wrapping up a monstrous 2014, its two-pronged finale orchestrating agreements for suburban office properties exceeding $70 million combined. CarVal and partner Nordblom Co. acquired Solomon Pond Park in Marlborough
BOSTON—A prized 22-story Government Center office building owned by MassDevelopment is being acquired by Intercontinental Real Estate Corp. of Brighton, according to industry sources claiming the homegrown investor has beaten out a slew of institutional competitors including overseas funds to win
BOSTON—Fifty Staniford St. is about as benign structurally as its name, but that will not prevent an internationally known real estate giant from shelling out a reported $125 million to secure the 10-story medical office building strategically set on the campus of Massachusetts General Hospital, who
BOSTON—Following a heavyweight battle among three real estate titans that has pushed pricing near $555 per sf, an Atlanta REIT has emerged as winning bidder for 116 Huntington Ave., the first-class, 275,000-sf office building owned by Broadway Real Estate Partners in Boston’s Back Bay and being harv
BOSTON — Five firms taking down nearly 30,000 sf at 77 North Washington St. are among a vanishing breed—tenants able to find space in the super-tight North Station business district. According to real estate brokerage firm Avison Young, a frenzy of leasing there has compacted vacancy for 2.55
BOSTON—Institutional capital continues cascading into Boston’s Seaport District as the once-fringe office market emerges into a multi-dimensional LWP hotspot where rents are now among the highest in New England. The latest arrival is powerful pension fund advisor Bentall Kennedy, said to have tied
BROOKLINE—Steve Samuels is said to be branching out from his expansive empire in Boston’s Fenway District, with sources claiming the prolific developer is acquiring a high-rise apartment building barely a mile west in bustling Coolidge Corner, a 136-unit property being harvested by Nordblom Co. and
CAMBRIDGE — It might surprise some that CBRE Global Investors has not held an office property here or across the Charles River since harvesting Boston’s 101 Arch St. nine years ago, but the LA-based investment manager has changed all that practically overnight by spending $445 million on the Hub’s 1
WOBURN — After seven years of ownership, KS Partners is offering its regional headquarters here at 130 New Boston St. for sale through exclusive agent JLL, but principal Kambiz Shahbazi says this week his firm has no intention of relocating from the three-story, 55,925-
CONCORD—Normandy Real Estate Partners has already reaped rewards at 300 Baker Ave. since paying $65.0 million in Dec. 2006, carving off a slice of its 77 acres for a medical office building that brought $24.3 million—$486 per sf—last year while another parcel is being traded to a hotel operator. Now