Commercial Real Estate News
Rowley Warehouse Sold For Nearly $2.3M
A 30,600-square-foot, class A, industrial warehouse building at 19 Turcotte Memorial Drive in Rowley has been sold.
The Broad Institute’s Renovation Completed In 7 Weeks
Columbia Construction Co.’s special projects division recently finished a 17,000-square-foot interior renovation for Cambridge’s The Broad Institute in seven weeks’ time.
Many Betting On Slots At The Tracks
Greyhound racing, long a fixture in New England, is finally on its last legs.
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.
Herald Owner Out Of Race For FBI’s New HQ
A joint venture between National Development and Boston Herald owner Patrick Purcell has been dropped from the hunt to build a new, custom-built regional headquarters for the FBI, two sources have told Banker & Tradesman.
Where The Real Estate Itself Is The Criminal
There are no pieces of real estate more mysterious, more disturbing, more alluring, more capable of mayhem and majesty, than the little old bar or corner grocery store tucked away in the corner of some urban jungle.
Real Estate Industry’s Snail Pace Slowing Corporate Relocations
Slashed budgets, sluggish home sales and tighter federal restrictions have stymied a historically steady real estate business: corporate relocation.
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.
Boston’s Troubled 441 Stuart Officially On The Block
Jones Lang LaSalle is launching a marketing campaign to sell 441 Stuart St., an 11-story Art Deco building in Boston’s Back Bay, as the building’s owner, Corus Bankshares, fights for its life.
Baker’s Dozen Earn LEED AP Designation At Cutler Associates
Thirteen staff members at Cutler Assoc., a design and construction firm with offices in Worcester, were recently named LEED Accredited Professionals by the U.S. Green Building Council.
Denim Co. Slips Into Boston’s Newbury Street
7 For All Mankind, a premium denim retailer based in New York City, has opened a 2,000-square-foot store at 160 Newbury St. in Boston, its first location in New England.
The Bahamas Now Run On Dunkin’
Bahaman beachgoers can now make a Dunkin’ run – although it may be more for iced coffee than a hot cup of Joe.
Lyon, O’Leary Promoted to SVP, VP At FHO Partners
Ted Lyon and Michael O’Leary have been promoted to senior vice president and vice president, respectively, at Boston commercial real estate firm FHO Partners.
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
Somerville Cab Company Hails A New Home
Green Cab Co. of Somerville is taking a short trip across town and moving to larger digs.
JLL Names 9 New Directors, Promotes 17 Internally
Boston commercial real estate development and management giant Jones Lang LaSalle has named Alex Dauria as its new managing director, part of a series of director appointments and promotions at the company.
Judge Postpones Sentencing Big Dig Contractor
A Massachusetts judge has postponed sentencing one of the Big Dig’s largest contractors in connection with work on the $15 billion Boston highway project, even though the company has declared bankruptcy.
Two Vineyard Properties On The Auction Block
Two parcels of commercial land in Oak Bluffs on Martha’s Vineyard will be offered in a sealed bid auction set for Aug. 29, according to Southcoast Auctions & Realty Inc.
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.