CAMBRIDGE—One of Harvard Square’s most prominent buildings has changed hands at a mind-boggling price cresting $1,600 per sf, scooped up by a foreign investor in an off-market transaction orchestrated by Boston Realty Advisors. The $33.1 million exchange of 39 JFK St. offers a double dose of déjà vu
BOSTON — Given the city’s white-hot multifamily market, Boston Realty Advisors had anticipated a listing of two Mission Hill apartment buildings would garner multiple Longwood Medical Area, commercial and healthcare operations might find the 5.5-story property of value, adds Colliers investment sale
CAMBRIDGE—Never mind—for now. That is the status of One Kendall Square, which has been pulled from the trading block, a principal at Rockwood Capital confirms to therealreporter.com. The move is unusual so late in a sales campaign, and was made even though multiple offers were within pricing expect-
FAIRHAVEN—A South Coast retail mainstay is being put on the market by Heyman Properties through Holliday Fenoglio Fowler. Situated close to Interstate 195 on 27.5 acres at the juncture of Routes 6 and 240, Fairhaven Commons is priced at $23.2 million, a figure reflecting “an exceptionally stable nea
BOSTON—In a deal that could prove a godsend for nearly everyone involved, the Unitarian Universalist Association has agreed to move to 24 Farnsworth St. in Boston’s Seaport District for the Davis Cos., which took control of the 75,000 sf asset last summer. The firm will also sell its Beacon Hill
BURLINGTON—Two Class A office buildings overlooking Route 128 are the latest suburban assets to garner national interest in what is becoming an unexpectedly vibrant start to the 2013 CRE investment campaign, with Piedmont Property Group emerging as the winning bidder at a price approaching $70 mill
BOSTON—Buyers eager for Newbury Street real estate can do a double-take thanks to a fresh opportunity coming available in the final stretch of Boston’s famed boulevard, between Hereford Street and Massachusetts Avenue. Boston Urban Partners has begun marketing 324 and 330 Newbury St. on behalf of
NEWTON—In a fast-moving deal that should send a message on the deep desire for suburban Boston office product, Hines has reportedly outlasted stiff competition to win the bidding on Riverside Center, A 508,000-sf first-class complex situated next to an MBTA Green Line trolley connecting to downtown
BOSTON—Thursday night’s 2012 Commercial Brokers Association Achievement Awards at the Intercontinental Hotel was a bit like watching some notable Oscar presentations of yore, as Cassidy Turley FHO co-founder Joseph P. Fallon played the part of long neglected director Martin Scorcese, who in 2007-
QUINCY — The City of Presidents has always embraced its rich past, but two empty office buildings being listed for sale by CommonWealth REIT are being promoted as beneficiaries of a promising future that could help restock 356,000 sf at Heritage Landing I and II. Cushman & Wakefield’s Capital Market
NEWTON—Prime pickings coveted by commercial real estate investors have been a bit slim at the outset of 2013, but one of the leading inner suburban addresses is being listed by Cushman & Wakefield’s Capital Markets Group on behalf of TA Associates Realty, according to industry sources who predict
CAMBRIDGE — With millions of square feet of office and lab construction underway in Kendall Square, Cambridge residential developer Paul Ognibene of Urban Spaces maintains he has scored a development coup with his latest project—a six-story, 115-unit apartment complex in the heart of the life scienc
BOSTON—Barely two years after buying 9-11 Beacon St. near Boston Common for $16.0 million, DivcoWest has harvested the historic 147,000-sf office building for $34.9 million to Synergy Investment. The deal that was backed by $23 million in financing from Eastern Bank was negotiated by Jones Lang LaSa