Commercial Real Estate News
BCEC Expansion Not The Only Question
Bay State taxpayers are already helping foot the bill for the state’s budding convention industry.
BJ’s HQ On The Move
BJ’s Wholesale Club is laying plans to move its corporate headquarters from Natick to the former National Grid campus in Westborough, according to multiple industry sources.
Getting Through The ‘Ugly, Depressing Work’
Robert Keeley has seen this play before. Twenty years ago, when he founded Diversified Project Management, “the economic climate was very similar. Our early clients weren’t relocating. They were downsizing. They were closing a building, and we were going in and moving the 11 people who weren’t laid off, consolidating them into another building, and liquidating the assets of the building. It was kind of ugly, depressing work.†The ugly days are back, but DPM has gritted them out, thanks to a diversified base of project experience, deep client relationships, and a willingness to adapt.
Boston’s Castle Square Gets Deep Energy Retrofit
The Castle Square Apartments in Boston’s South End are cold and drafty. As such, they’re also awfully expensive to maintain. Now the complex’s co-owners, the Winn Companies and the Castle Square Tenants Organization, are embarking on an extensive rehabilitation project to improve the property’s efficiency, slash its operating costs, and, the owners believe, create a model for bringing an urban renewal-era development into the 21st century.
Microsoft Office In Cambridge Gets ‘Green’ Renovation
Jones Lang LaSalle has recently completed a 43,500-square-foot LEED-CI Gold project at the Microsoft New England Research & Development Center at One Memorial Drive in Cambridge.
Consigli Wins Statewide Family-Owned Business Award
Consigli Construction Co. Inc. was recently recognized by the Massachusetts Family Business Association as the overall winner in the “large” category in the annual awards campaign honoring area companies for their leadership as family-owned businesses.
Chemical Co. Buys 15K SF Building In Newburyport
A 15,000-square-foot manufacturing facility in Newburyport, formerly occupied by Northeast Quality Products, has been sold for $850,000.
DPM To Manage Greater Boston Real Estate Board’s Move To Downtown Boston
Greater Boston Real Estate Board, an advocate for the real estate industry, has retained Diversified Project Management to manage the relocation of its offices to a 10,795 square foot space at One Center Plaza in Boston.
Mixed-Use Buildings Along Mass. Ave. In Arlington Sell For $850K
A set of mixed-used buildings on Massachusetts Avenue in Arlington have been sold to 369 Mass. Ave. Nominee Trust for $850,000, according to a statement.
On-Q-ity Leases 17,701 SF In Waltham
On-Q-ity, an oncology diagnostics company, has leased 17,701 square feet of office and lab space at 610 Lincoln St. in Waltham from Hobbs Brook Management.
Exalpha Biologicals Leases Lab Space In Shirley
Exalpha Biologicals, which conducts biological research and development for the medical industry, has leased 6,000 square feet of lab space in Shirley’s Phoenix Park.
Street-Works Partners With Suffolk Construction On New Quincy Center Project
Street-Works LLC, master developer of New Quincy Center, has entered into an alliance with Boston-based Suffolk Construction in the $1.4 billion private-public reconstruction of the historic center.
Renovation, Expansion Completed At Cambridge’s Hotel Tria
A multi-million dollar renovation and expansion of Hotel Tria in Cambridge has been completed, and the hotel now features 53 newly-constructed business class rooms and 68 newly-renovated guest rooms.
EagleBridge Arranges $1.8M Mortgage For New Southwick CVS Plaza
Boston mortgage banking firm EagleBridge Capital has arranged $1.8 million in acquisition and permanent mortgage financing for CVS Plaza in Southwick to be anchored by a new CVS pharmacy.
HPT Declares 55-Cent Dividend
The board of trustees of Newton REIT Hospitality Properties Trust has declared a regular quarterly dividend of $0.55 on its series B cumulative redeemable preferred shares.
Boston Architect ‘Reinvents’ Cruise Ship Entertainment
Boston architects Wilson Butler Architects has launched Oasis of the Seas, the Royal Caribbean ship dubbed the “world’s largest cruise ship.”
Clearing The Air
It’s hard to beat the ancient Greeks at turning a phase. Hippocrates, the Father of Medicine, once said “Man is an obligate aerobe.” In modern terms, no breath, no life.
United Rentals Inks Exclusive Mass. Leasing Deal
Greenwich construction and heavy equipment rental company United Rentals has secured a lucrative contract in neighboring Massachusetts to serve as the sole-source equipment rental provider for state agencies through 2012.
Citizens To Move Some Consumer, Business Units To Dedham’s Legacy Place
Citizens Bank has leased 46,846 square feet at Legacy Place in Dedham, relocating its consumer finance, consumer and business banking and marketing departments from Norwood and Westwood.
Westfield Developer Fined $32K; Ordered To Restore Wetlands
The state Department of Environmental Protection (MassDEP) issued a $32,400 penalty to Moobarn Trust of Westfield for conducting site preparation work in a wetland in violation of the Massachusetts Wetlands Protection Act (WPA).





