
Apple Buys Flagship Store in Back Bay for $88M
Apple is making the switch from tenant to landlord of its flagship store in Back Bay, acquiring the glass box-style retail property for $88 million.
Apple is making the switch from tenant to landlord of its flagship store in Back Bay, acquiring the glass box-style retail property for $88 million.
A Back Bay office-retail building anchored by an investor center for Fidelity Investments was acquired by a Spanish real estate investment firm for a 27-percent discount from its previous sale in 2013.
The future owner of a mixed-use portfolio on Newbury Street will have the opportunity to increase the properties’ income streams with the lease-up of vacant office and residential space.