Haverhill Mill Apartments Trade for $77M
The Hamel Mill Lofts, a 305-unit renovated historic mill apartment community located at 40 Locke St. in Haverhill, has sold for $77 million.
Lab Rents Dip in Seaport, Cambridge
Asking rents for lab space in two of the highest-priced local submarkets – Cambridge and Boston’s Seaport District – dipped in the second quarter amid an uptick in subleasing activity.
Sullivan Square Loft Complex Sold for $96.3M
A Denver investor paid $96.3 million for a Sullivan Square property that was the site of an industrial-to-residential conversion by Boston-based Berkeley Investments.
Griffith Properties Gets 37K SF Lease for Watertown Labs
Another Cambridge biotech is following the well-trodden path from a Kendall Square incubator to its own dedicated lab space at a new Watertown development.
Auto Dealer Gets $26.2M from Sale-Leasebacks
A family-owned auto dealership will pocket $26.2 million from the sale and leaseback of properties in Auburn and Greenfield.
Boston Extends Lead in Life Science Talent, Development Pipeline
Greater Boston towers above the competition among U.S. metros in its lab development pipeline, while remaining the nation’s top talent cluster in the industry.
Cambridge Researchers Expanding at Network Drive
Kendall Square-based Broad Institute is expanding to a new suburban campus within Burlington’s Network Drive that will house genetic sequencing research space.
One Congress Fully Leased as Intersystems Departs Cambridge
Boston’s newest office tower is fully committed more than seven months before completion following a large lease by a Cambridge tech company for its new headquarters.
Personnel File- No.283
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
MPT Recaps Eight Hospital Properties for $1.7B
Medical Properties Trust Inc. recapitalized its portfolio of eight acute care hospitals in Massachusetts in a $1.7 billion transaction.
Reinvented Offices Await Workers’ Verdicts
As the pandemic appears to recede, companies puzzling over how to revive dormant offices don’t have a proven roadmap to guide their real estate decisions, but several common threads are emerging among Boston-area businesses that have recently relocated or signed leases.
Watertown Biotech Adding Manufacturing in Franklin
A Watertown biotech will expand in the growing Interstate 495 life science submarket after signing a sublease for 81,293 square feet at 9 Forge Parkway.
Athletic Footwear Company Pioneers Leasing at The Beat
A Boston-based footwear company founded by former Reebok employees is the first tenant to commit to redevelopment of the former Boston Globe headquarters.
Office Tenant Downsizes in 115K SF Winthrop Center Move
A Boston investment firm will relocate to Millennium Partners’ Winthrop Center skyscraper after leasing 115,000 square feet in the Financial District office-residential tower.
Boston Developer Buys Milford Apartments for $87M
Boston-based multifamily investor DST Group has acquired a 29-building apartment complex in Milford for $87 million, nearly double the price of its last sale in 2017.
Maine Developer Sells Chelmsford Property After Upgrades
A Maine developer that repositioned a Chelmsford industrial property as flex space during an 8-year ownership period has sold it to a Raynham investor for $14.8 million.
Personnel File – No. 269
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Somerville Lab Tower Recapitalized for $478M
Developers of the first major life science building in Somerville’s Boynton Yards have recapitalized the property in a $478-million deal with a San Francisco investor joining the ownership.
Synergy Buys Quincy Waterfront Complex for $114.5M
Boston-based Synergy Investments has acquired a waterfront high-rise in Quincy for $114.5 million in a partnership with a Japanese investor.
Billerica Industrial Building Trades for $23.5M
An industrial building on Middlesex Turnpike in Billerica has been bought by a major Boston developer.
