Regions Northeast | Boston
Henderson Global Acquires Boston M-F Community for $48M
Dec. 10, 2008
On behalf of its value-add CASA Partners IV fund, Henderson Global Investors, an independent investment manager, has acquired Reading Commons, a 204-unit multi-family complex located 10 miles outside Boston, for $48.5 million. The property marks the fund’s first luxury acquisition in the Northeast.
Will High-Profile Approvals Spark Building in Boston?
Dec. 08, 2008
When the city of Boston signed off on a pair of high-profile developments last week, officials may have been sending a message about the need to kick-start development.
Slowdown Ties Up Boston Builders
Dec. 01, 2008
The combination of Boston’s softening leasing market and the restrictive debt market will create high hurdles for office development through most of 2009. “A lot of (projects) may sit in limbo,” said Stephen Brodsky, senior vice president and head of Grubb & Ellis Co.’s Boston regional office.
Redevelopment Authority Approves 4 Boston Projects
Nov. 18, 2008
Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors.
cira south Credit Crunch Gives Blue Chip Builders the Blues in Boston, Philadelphia
Nov. 07, 2008
As if more proof were needed that the lending environment is hammering even top-of-the-line development, project backers in Boston and Philadelphia have acknowledged that the capital markets crisis is forcing them to put some of those cities’ showcase projects on hold.
Cabot Properties Gets $65M Financing for 2.4M-SF Industrial Portfolio
Nov. 03, 2008
Cabot Properties Inc., the Boston-based private equity real estate firm, has managed to get its hands on $65 million in financing for a group of 14 newly acquired industrial properties.
185 franklin Verizon Pockets $192M in Sale of Boston HQ
Oct. 16, 2008
Kennedy Associates has taken the 22-story office tower at 185 Franklin Street in Boston off the hands of Verizon Communications Inc. in a deal valued at $192 million. But Verizon is not walking away from the six-decade-old property completely. The telecommunications company will continue to own 100,000 square feet of the building, which has a total 700,000 square feet of rentable office space, and will lease back the remaining 600,000 square feet from Kennedy under a short-term agreement.
JV Takes Boston-Area Properties for $28M
Sept. 29, 2008
Taurus Investment Holdings L.L.C. and DivcoWest have acquired two properties in North Reading, Mass., from Teradyne Inc., for $27.5 million. CB Richard Ellis Inc. of New England arranged the transaction.
222 berkley Hines Sells Interest in Pair of Boston Trophy Buildings to Equity Office
Sept. 19, 2008
Equity Office Properties now has full ownership of two trophy buildings in Boston’s Back Bay area after buying out the minority interest in both properties from ownership partner Hines.
Fairmont Hotels & Resorts Expands in Boston
Sept. 18, 2008
Fairmont Hotels & Resorts has announced that it will manage the new Fairmont Battery Wharf located on Boston's waterfront, adjacent to the city's historic North End.
German Investor Takes a Bite Out of Boston with $167M Office Buy
Sept. 12, 2008
New York City's Broadway Partners has sold 200 State Street to GLL Real Estate Partners GmbH, which acquired the premier property on behalf of European Institutional investors for $167 million.
avenir HFF Arranges $90M Loan for New Archstone M-F Project in Boston
Sept. 05, 2008
Development of Archstone Avenir, a 241-unit luxury apartment community in Downtown Boston, is moving forward with help from a $90 million construction loan arranged by the Boston and Dallas offices of Holliday Fenoglio Fowler L.P.
McNally Joins Colliers Meredith as Associate
Sept. 04, 2008
Dana McNally has joined Colliers Meredith & Grew as an associate in the Boston Brokerage Group, focusing on the Boston office market where he is responsible for the generation of new business, leasing, financial analysis, lease negotiations, client presentations and market research.
Suburban Boston Industrial Property Snapped Up for $39M
Aug. 29, 2008
Cabot Properties has just become the new owner of I-290 Industrial Park, having shelled out $39 million for the 577,000-square-foot property in Northborough, Mass.
Skinner Announces Move to Marlborough, Mass.
Aug. 20, 2008
Skinner Inc., the  auction house, has announced it will move from its long-time Bolton, Mass. gallery to a new facility located at 274 Cedar Hill Street in Marlborough, Mass.
$160M Mixed-Use Project in Boston Gets Green Light
Aug. 15, 2008
At a recent Boston Redevelopment Authority Board of Directors meeting, city officials gave Boston Development Group the thumbs-up to move forward with The Merano, a new mixed-use project in the city's Bulfinch Triangle community, a neighborhood that is presently undergoing revitalization.
Financing for Suburban Boston Portfolio Paves Way for Repositioning
Aug. 08, 2008
A financing deal valued at $27 .4 million has closed for a group of five office buildings totaling 226,000 square feet in Needham, Mass.
WirthsBosstore Eastat Office Tower Plan Would Spare Historic Boston Restaurant
July 31, 2008
Boston-based developer Eastat Realty Capital L.L.C. has submitted a notice of project change with the Boston Redevelopment Authority in connection with a proposed $140 million, 24-story, 248,000-square-foot office building in Boston’s theater district. To Bostonians, the point of the project, however, seems less what will be built than what won’t be coming down; the plan would leave the adjacent Jacob Wirth Co. building untouched.
Whelan Associates Sells Medical Office Building in Easton
July 22, 2008
Whelan Associates L.L.C. sold One Washington Place, an office building in Easton, Mass., the company said today. Whelan Associates retains property management of the building following the sale.
Suburban Boston Industrial Complex Trades for $38M
July 18, 2008
The distribution buildings at 26 and 28 Millbury Street in Auburn, Mass., about 40 miles west of Boston, traded for an aggregate $38.5 million.
Buckingham Browne Leases 27,000 SF in Watertown
July 10, 2008
Buckingham Browne & Nichols has executed a 27,000-square-foot lease for administrative and classroom space at 40 Belmont Street in Watertown, Mass.
Reid Appointed to White House National Infrastructure Advisory Council
July 09, 2008
CB Richard Ellis Group Inc. said todaythat Jim Reid, president of the company’s Eastern Division, has been appointed by President George W. Bush to the National Infrastructure Advisory Council.
14thst Landmark Boston, NYC Properties Acquire Financing
July 08, 2008
While deals may be slowing down, Holliday Fenoglio Fowler L.P has arranged two deals--one for $85 million for the Boston Harbor Garage in Boston and one for $90 million refinancing for 401 West 14th St., a 62,000-square-foot retail and office building in Manhattan’s Meatpacking District.
Starwood Opens aloft Hotel in Boston Area
July 01, 2008
Starwood Hotels & Resorts Worldwide Inc. and its  new lifestyle brand, aloftsm hotels opens its first New England location in Lexington, Mass.
Boston Sports Clubs Leases 32,000 SF in Westborough
June 26, 2008
Boston Sports Clubs will open a new 32,000-square-foot facility at Bay State Commons in Westborough, Mass.
 

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