Commercial Real Estate News

Sinking Fast

Last week, REIT Realty Finance Corp. said it was terminating its CEO, Kenneth Witkin, adding that it had no plans to replace him with a full-time CEO. It was the latest in a series of dramatic – and humiliating – turns for the company, which went public with great fanfare just three years ago.

Boston’s Yacht Haven Auctioned For $8M

Boston’s Yacht Haven Marina sold at bankruptcy auction for $8 million today, though it wasn’t immediately clear whether the auction marks the end of the years-long soap opera at the coveted North End property.

Duck, Here Comes The Great Tower Market Collapse!

There’s a stunning, $165 billion out there in loans on downtown towers across the country waiting to be refinanced, with few takers among our still shell shocked lenders. The potential for another major collapse, this time in the commercial real estate sector, clearly weighed on Fed officials in their confab recently.

CB Richard Ellis Is Number 1 Again

Commercial real estate services firm CB Richard Ellis has grabbed the blue ribbon as the world’s largest property manager for the sixth year in a row from National Real Estate Investor magazine

Charles Street T Stop Wins Boston Preservation Award

The MBTA Charles Street/MGH Station Redline renovation project was recently awarded a Preservation Achievement Award from the Boston Preservation Alliance in the Significant New Construction category, according to environmental and engineering firm GEI Consultants Inc.

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