W.P. Carey Buys Schneider Electric HQ For $56M
W.P. Carey Inc. of New York has acquired 800 Federal St. in Andover for $56 million.
Boylston Properties Gets $56.6M Loan For Boston Hotel
HFF has arranged $56.5 million in permanent financing for the Residence Inn Boston/Back Bay Fenway Hotel.
SJC Supports Right To Campaign At Supermarkets
Political candidates have the right to gather nominating signatures outside grocery stores, the state Supreme Judicial Court ruled in a case that is likely to affect a broad segment of commercial properties.
Banker & Tradesman’s Best Of 2014
B&T’s Best is our annual tribute to those companies our readers have determined to be, simply, the best at what they do. This is a subjective, not objective, reader poll. It does not measure who writes the most business or has the most revenue. What it does measure is the loyalty and satisfaction readers have with vendors.
Boston Proposes Climate Protection For The Next Generation
Blame it on the being the egghead capital of the world, but from Fan Pier to new ballparks, the Hub would rather debate grand projects to death rather than actually build them. And the same pattern now appears to be emerging with what to do about Greater Boston’s newfound vulnerability to our ever angrier and more unpredictable oceans.
SouthField Tries To Play Catch-Up
This time, they say, it’s different.
The fall of 2014 is hailed as a long-overdue fresh start for the 1,400-acre SouthField project on the South Shore: A new public overseer, partnering with a new developer trying to reactivate a largely-deserted former air base by building thousands of homes and big blocks of commercial space.
Nano Terra Moving To Alewife From Brighton
Nano Terra has leased 12,972 square feet of lab and office space at 735-737 Concord Ave. in Cambridge in a relocation from 50 Soldiers Field Place in Brighton.
Hanover Industrial Property Sells For $4.5M
Circuit Street Ventures LLC has sold 342-348 Circuit St. in Hanover for $4.55 million.
NorthMarq Capital Negotiates $5M Refinance Of Brookline Apartment Buildings
NorthMarq Capital’s Boston-based office has arranged a $5 million refinance of two multifamily properties in Brookline.
Cape’s Largest Affordable Housing Community Receives $12M From MassHousing
Mashpee Village, an affordable housing community on Cape Cod, is undergoing a final phase of renovations after receiving $12.1 million in MassHousing loans.
Cabot Corp. Renews Lease At Seaport East
Specialty chemical manufacturer Cabot Corp. has renewed its lease for 66,418 square feet at Seaport East in South Boston.
Former Candy Factory’s Second Life: Luxury Apartments
The first residents have begun moving into the Batch Yard luxury apartment complex in Everett, built at the renovated former Charleston Chew candy factory.
Importer Leases 110K SF In Franklin
Paper and giftware importer Boston International has leased 110,000 square feet of industrial space at 210 Grove St. in Franklin.
Boston Properties Breaks Ground On 888 Boylston St.
Boston Properties marked the beginning of construction of 888 Boylston St., a 17-story tower in the Prudential Center complex that will be anchored by Natixis Global Asset Management, with a groundbreaking ceremony Wednesday.
Beacon Communities Buys Amherst Apartment Complex For $30.25M
Boston-based Beacon Communities has acquired the 204-unit Rolling Green Apartments in Andover for $30.25 million.
Acella Construction Competes Braintree Prep School Renovations
Norwell-based Acella Construction Corp. has completed renovation work for Thayer Academy, a private college preparatory day school in Braintree.
Canton Fence Manufacturer Expands With MassDevelopment Bonds
MassDevelopment has issued $3.58 million in tax-exempt and taxable bonds on behalf of Premier Fence LLC and 1010 Turnpike LLC.
Tewksbury Office Park Sells For $13M
Rubenstein Properties Fund II L.P. has acquired an office park in Tewksbury for approximately $13 million.
Buzzword In CRE: Flexibility
The disruptive effects of technology are forcing real estate companies to adopt more flexible business models to attract the next generation of office users, retail tenants and apartment dwellers, industry insiders said Wednesday at a forum put on by NAIOP Boston.
CBRE/NE Arranges $50M Financing For Boston Properties
CBRE/New England’s debt and structured finance team has secured nearly $50 million in acquisition financing for several Boston properties.
This Week’s Newspaper
