Commercial Real Estate News
Three More LEED APs At Margulies Perruzzi
Jane Sullivan, Marnie Glover and Saul Accetta have earned the Leadership in Energy and Environmental Design (LEED) accredited professional certification at Boston’s Margulies Perruzzi Architects.
MassHousing Has Record Year
MassHousing had its best lending year in state history in fiscal year 2009, providing more than $753.2 million for affordable housing.
Newton REIT Prices $300M Senior Notes
Newton REIT Hospitality Properties Trust has priced an underwritten public offering of $300 million of 7.875 percent unsecured senior notes due 2014.
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 Trash-strewn post-industrial lots have been replaced by Class A office space, luxury apartments and parkland.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 Comeback Kid?
Hub developer John Hynes appeared destined to become a 21st century international real estate star.
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.â€
11,500 S.F. Lease Signed At Waltham Industrial Park
Science Applications International Corp. has leased 11,500 square feet of space at Beaver Brook Industrial Park in Waltham.
Tech Co. Finds Its Space Solution In Quincy
FTG Technologies, an enterprise solutions provider, has leased 10,792 square feet at 2 Batterymarch Park in Quincy.
CBRE Trust Buys Warehouse/Distribution Center
CB Richard Ellis Realty Trust of Princeton, N.J. has purchased a 238,370-square-foot, newly completed Class A warehouse/distribution building in Bellingham.
Senior Housing REIT Posts $30.5M Q2 Net
Newton REIT Senior Housing Properties Trust reported second quarter net income of $30.5 million, compared to net income of $21.7 million for the same period in 2008, a 40.5 percent increase.
Framingham Construction Firms Enjoys Healthy Q2
Civil and building construction company, Tutor Perini Corp. of Framingham, has reported second quarter net income of $38.9 million, up 36.2 percent from $28.6 million a year ago.
Blackstone Earnings Rise, Beat Estimates
Private equity firm Blackstone Group reported a jump in second quarter profit Thursday, topping Wall Street expectations, and said it would pay a full quarterly distribution to shareholders.
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.
David Grossman Joins The Family Business
David Grossman has joined the staff of Quincy-based commercial real estate firm The Grossman Cos.
Hub REIT Reports Further Declines In Q2
Winthrop Realty Trust, a Boston REIT, has posted a net loss for the second quarter of $71.2 million, following to a net loss of $24.1 million for the same period a year ago.
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.
Dan Flannery Named CFO Of Bond Bros.
Dan Flannery has been named chief financial officer of Bond Bros. of Everett.
Archstone Celebrates Bulfinch Triangle Revitalization With Avenir Opening
Archstone Avenir, a mixed-use retail and residential development in Boston’s Bulfinch Triangle, is set to open next week.
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.