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.
Malden Apartment Building Sold for $112.5M
The 295-unit building at 500 Broadway in Malden has been acquired for $112.5 million.
Marcus Partners Sells Suburban Portfolio for $50M
Boston-based Marcus Partners completed the sale of a pair of suburban logistics properties that it developed in Haverhill and Taunton to an institutional fund.
Westborough Apartments Trade for $96M
An institutional investor paid nearly $96.2 million to acquire a seven-year-old suburban apartment complex.
Report: Life Sciences Job Growth Slowed Way Down in 2024
Total employment in the Massachusetts life sciences industry remained effectively flat in 2024, a key source of pressure for lab landlords.
Low-Risk Multifamily Market Attracts Increased Bank Investment
Multifamily has become the almost last asset class standing when it comes to ground-up commercial development in Massachusetts, and banks are increasing their involvement in the sector accordingly.
