Massachusetts
Seattle a ‘Must Have’ on Institutional Investors’ Shopping Lists
National investment sales volume across all property types totaled $570.6 billion in 2019, a drop of 1.6% year-over-year, according to… Read more
Boston Apartment Rent Growth Taps the Brakes
The average cost of renting an apartment in Boston last year rose by the lowest percentage since the city began… Read more
Novaya Picks Up Westford R&D Space Leased to Nokia
CBRE arranged the sale of 1 Robbins Rd., a 298,237-square-foot lab and R&D facility in Westford, MA. The property traded… Read more
Boston’s Planning Agency Okays Tremont Street Apartment Tower
The Boston Planning & Development Agency (BPDA) approved plans for a 350-foot tower on a Tremont Street parking lot, a… Read more
South Shore Marina Trades to Safe Harbor
Colliers International’s Leisure Property Advisors team brokered the sale of Sunset Bay Marina, a full-service marina about five miles by water from downtown… Read more
12 Trends That Are Shaping Commercial Real Estate in 2020
By Paul Bubny Twelve different commercial real estate trends and 12 different voices to express each of them. NKF’s white… Read more
MCR Does First Massachusetts Hotel Deal
New York City-based MCR acquired the SpringHill Suites by Marriott Boston Peabody in Peabody, MA. The property is MCR’s first in Massachusetts.… Read more
Wayfair Cuts 350 Jobs at Copley Place Headquarters
Online furniture and home décor retailer Wayfair, Boston’s fastest-growing tech company, said Thursday it would lay off 550 employees worldwide,… Read more
Report: Commercial Construction Starts Accelerated in Top Metro Areas in 2019
The value of commercial and multifamily construction starts during 2019 in the top 20 metropolitan areas in the U.S. gained… Read more
Federal Tops Out on Future Puma HQ at Assembly Row
Federal Realty Investment Trust celebrated the topping off of Assembly Row’s newest building at 455 Grand Union Blvd. in Somerville,… Read more
Newly-Formed REIT Picks Up Offices in Boston Life Sciences Cluster
Newly-formed IQHQ Inc., formerly known as Creative Science Properties, acquired 109 Brookline Ave., a 285,000 square-foot lab and office building… Read more
Life Sciences: The Newest Recession-Resilient Space?
Industries ranging from genetic engineering, to medical technology development and manufacturing, to pharmaceutical research are broadly categorized as “life sciences.”… Read more
Biopharma Tenant Signs Up for 40K SF of R&D/Office Space
Eckert & Ziegler Radiopharma signed a 40,000-square-foot lease at 25 Upton Dr. in Wilmington, MA. Lincoln Property Company’s Rob Cronin and Jack… Read more
Marcus Sells Back Bay’s Horticultural Hall to Northeastern U.
Marcus Partners has sold 300 Massachusetts Ave., an architecturally distinctive, 45,000-square-foot, mixed-use property in Boston’s Back Bay, to Northeastern University. Deal terms… Read more
Staples Headquarters Trades in $165M Deal
Office supplies retailer Staples has sold its headquarters campus in Framingham, MA for $165 million. The buyer was reportedly New… Read more
Hamilton Adds to Apartment Portfolio with $60M Woburn Deal
The Hamilton Company recently added to its Boston-area multifamily portfolio with the acquisition of Country Club Garden Apartments in Woburn,… Read more
Bulfinch Strengthens Asset Management with New Hires
Matt DeNoble and Brian McInerney have joined the Bulfinch Companies, as VP, asset management and portfolio manager, respectively. The new… Read more
$61M Awarded on Affordable Projects Across Mass.
State and local officials have announced affordable housing awards for 11 projects across the Commonwealth of Massachusetts, mainly in and… Read more
Emerson Hospital Outpatient Facility Trades to JV for $23M
JLL Capital Markets arranged the disposition of the Emerson Hospital Center for Specialty Care, an outpatient facility for Emerson Hospital… Read more