Commercial Real Estate News

Cracks Seen In The Multi-Munis

River’s Edge, the new office and residential development at the Medford-Malden line, has been hailed as a national model for brownfields redevelopment. Crew teams now row on the once-fetid Malden River. Trash-strewn post-industrial lots have been replaced by Class A office space, luxury apartments and parkland. Planners in Medford, Malden and Everett are already looking to replicate the site’s successes across the river, at the site of a former General Electric plant.

The Teller, Aug. 10

A local William Raveis Realtor to debut on the small screen, a Milbury ice cream stand gets cited by MassDEP and Berkshire Hills Bancorp cleans up any name confusion.

‘The Good Looks’

Since taking the reins of the project management firm RF Walsh, Jack Hobbs augmented the firm’s name, narrowed its focus and relocated into new digs in Boston’s Seaport. “The name Collaborative Partners was something we all believed really represented what we do,” Hobbs says. “That commitment we bring to the table, the way we do business, who we are – clients pick that up, and they hire us again and again.”

Big Boston Area Commercial Player Nets $44.1M In Q2

California real estate investment trust Alexandria Real Estate Equities Inc., operator of more than 35 properties in Cambridge and Greater Boston, has reported net income of $44.1 million for the second quarter, compared to $27.8 million for the same period in 2008 – a 58.6 percent increase.

HPT Posts Q2 Net Gains

Newton REIT Hospitality Properties Trust (HPT) has reported a second-quarter net income of $51 million, compared to a net loss of $19.5 million in the same period last year.

Grubb & Ellis Posts $32.8M Q2 Loss

Real estate services and investment firm Grubb & Ellis Co., which has significant operations in the Bay State, has reported a second-quarter net loss of $32.8 million, compared with a net loss of $5.4 million in the same period a year ago.

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