Boston, MA - Over 475 CRE professionals put aside their game faces and packed the Intercontinental Hotel last Thursday night to rub elbows with the competition and fete the winners of the Commercial Brokers Association 2013 Achievement Awards. David Fitzgerald of CBRE New England walked away with
BOSTON — A multifamily gem—architecturally and financially—has changed hands here in a $4.5 million sale negotiated by Boston Realty Advisors that equates to an impressive $562,500 per unit. Buyer Monaf Alyassi was represented by Dennis Kelleher of Marcus & Millichap, with BRA’s multifamily invest
BOSTON—The city’s Seaport District is calling yet another global investor to the emerging submarket where hundreds of millions of dollars have already been shelled out on CRE this decade, with the latest infusion coming from RREEF via its pending agreement to acquire
TEWKSBURY — Much like the proverbial battleship, turning around a former Wang Computers facility here has taken time and effort for owners of the 720,000-sf 495 Business Park, especially amidst the choppy economic waters present since a recessionary tide swept across the region in 2008. Now, Texas-
CAMBRIDGE—Backed by a pair of powerful capital partners, King Street Properties has reportedly agreed to acquire two life sciences buildings in the city’s Alewife District, surplus assets being divested by Pfizer Inc. through Cushman & Wakefield. The holdings at 87 and 200 CambridgePark Dr. are expe
BANGOR, ME — A power center here at the gateway to Maine’s bucolic northern kingdom has brought an impressive $26.2 million from its sale by Retail Properties of America through exclusive listing agent HFF Inc. The Bangor Parkade was purchased free and clear of debt by GM Realty of Bangor LLC. “It
BOSTON—In a series of changes significantly altering Boston’s CRE Capital Markets landscape, Executive VP Lisa M. Campoli is departing Colliers International to launch a private real estate firm, while four professionals from NAI/Hunneman Commercial Co. are joining the Colliers investment sales team
BOSTON—The winning bidder for three out of four Beacon Hill properties put up for sale late last year by the Unitarian Universalist Association is developer Jean Abouhamad, whose Sea-Dar Construction has committed to 25 Beacon St. and 6 and 7 Mount Vernon Pl. in an exchange on target for a March
WALTHAM—About the last thing anyone in these parts covets this season is more winter, yet there are exceptions to such chilling chagrin, or so the owners of 850 Winter St. are hoping after putting the first-class 180,000-sf office building here at Reservoir Woods up for sale through Cushman & Wake
BRIGHTON—Completing a $10.0 million exchange, footwear titan James S. Davis has wrested control of the last independently owned property on Guest Street, a gritty boulevard being repositioned for a major mixed-use overhaul anchored by his New Balance headquarters. Boston Landing LLC paid
CAMBRIDGE—Someone has finally found a price high enough to wrest the Porter Square Galleria away from KS Partners, as evidenced in a $35.55 million exchange completed today between the Woburn—based investor and CBRE Global Capital. The transaction negotiated through Holliday Fenoglio Fowler is more
BOSTON—The beginning may be near for 888 Boylston St., with market sources claiming Prudential Center owner Boston Properties has an office tenant in tow that would enable the proposed 17-story, 442,000-sf building to proceed. Market sources claim Natixis Global Asset Management, a French conglomer
NEWTON—In a listing that suggests 2014 is starting off as briskly as the prior year ended for New England’s investment sales sector, CommonWealth REIT has retained Cushman & Wakefield to peddle a super-sized portfolio of Northeast assets for a target price in the $100 million range