Personnel File – No. 433
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Davis Companies Resumes Office Acquisitions in Boston
After a nearly 10-year hiatus, The Davis Companies is adding to its office portfolio in the city of Boston
Lexington Lab Complex Gets Two Leases
Two new tenants have committed to nearly 50,000 square feet at a Lexington property that was converted into lab space in the previous decade by Boston-based Griffith Properties.
L.A. Investor Adds Stoughton Apartments to Mass. Portfolio
A Los Angeles multifamily developer acquired a 179-unit Stoughton apartment complex as part of its focus on expanding its portfolio in supply-constrained Greater Boston.
Motor Mart Tower Site Hits Market
Owners of a historic parking garage approved for a high-rise condominium project in Boston’s Park Square have placed the property on the market.
Watertown Apartments Trade for $107M
Attractiveness of acquisitions in Boston’s inner suburban multifamily market prompted a Chicago investor to pay $107.3 million for an 11-year-old Watertown property.
Tenant Renews Full Building Lease at Waltham Flex Property
The sole tenant of a Waltham office and manufacturing complex renewed its long-term occupancy with landlord Hobbs Brook Real Estate.
Supply Glut Hits High-End Logistics Market
Speculative construction of new industrial facilities has ground to a halt in Greater Boston, as lower tenant demand and overbuilding have created a glut of high-end space.
Boston Developer Continues Medical Portfolio Expansion
Boston-based Sendero Capital expanded its medical property portfolio with the acquisition of a Woburn building anchored by Winchester Hospital.
Signs of Life in Boston Biotech CRE
Little tiny green shoots are poking up here and there, with leasing activity running well ahead of 2024 totals and the pace of vacancy growth slowing down.
Curating a Cultural Fit at a Leading Brokerage
The world’s largest commercial real estate brokerage has a new face leading its New England region as it expands and diversifies its business: Mike Brucato.
Hot Property: Blue Sky Center Renovations
A $10 million capital improvement program nearing completion at Burlington’s Blue Sky Center includes a new 40,000 square-foot amenity center designed to attract and retain tenants.
Berkeley Investments Sells JP Development for $37.8M
A 73-unit Jamaica Plain apartment complex that includes retail tenant Drawdown Brewery sold for $37.8 million.
MBTA Set to Buy Anheuser-Busch Plant for Electric Buses
The MBTA has agreed to acquire a former Anheuser-Busch warehouse near Wellington Circle to house its fleet of electric buses.
Office Growth Expected, Except Among Largest Companies
A growing majority of office tenants plan to expand their real estate footprints in the next three years, according to a nationwide survey of occupier sentiment.
Prominent Harvard Square Property Sold for $55M
A prominent Harvard Square office and retail property traded for $55 million in its first change of ownership since 1998.
CBRE Names New Greater Boston Market Lead
CBRE has promoted a local executive as the new leader of its Massachusetts region and four other New England states.
No End in Sight for Housing Financing Hurdles
Across Greater Boston, approved multifamily building proposals are gathering dust despite strong market fundamentals. Blame banks and investors.
Lab Tenant Demand Rebounds, as Leasing Gravitates to Suburbs
Demand for lab space rebounded in recent weeks, but much of life science tenants’ leasing activity gravitated to suburban properties rather than the East Cambridge industry epicenter.
Hamilton Co. Pays $175M for Belmont Apartments
Allston-based Hamilton Co. acquired a 396-unit apartment complex in Belmont from the original developers for $175 million.
