Developers Announce Merger and Rebranding
Two development firms are teaming up to pursue acquisition and development of commercial and residential properties on the East Coast.
Leased Manufacturing Property Trades for $14M in Malden
Boston-based Eastern Real Estate has sold a Malden property leased to a jet engine component manufacturer for $14.1 million.
BioMed Seeks Lab Switch for South End Development
BioMed Realty’s appetite for life science sites in Boston continues with the pending acquisition of a speculative office building nearing completion in South End.
Hot Property: Assembly Square Development Site
BioMed Realty plans to develop 1.3 million square feet of office, lab and retail space at a newly-acquired development site in Somerville’s Assembly Square.
BioMed Buys XMBLY Site in Somerville
BioMed Realty has completed its $163 million acquisition of a development site in Somerville’s expanding Assembly Square commercial cluster, with plans for 1.3 million square feet of office, lab and retail space.
New Owner Plans Sustainability Upgrades to Concord Property
A subsidiary of Boston-based Taurus Investment Holdings will retrofit a 410,296-square-foot office building in Concord for sustainability following a $74.5 million acquisition.
Boston Developer Buys Lowell Office Property for $13M
Novaya Real Estate Ventures and Hawk Properties have completed the sale of 55 Technology Drive in Lowell for $13 million to Legacy Real Estate Ventures of Boston.
Nokia-Leased Property Sold to Novaya for $31.5M
Boston-based Novaya Real Estate Ventures has acquired...
CIM Group Buys Andover Industrial Property for $26M
A 127,400-square-foot flex and manufacturing building in Andover has been acquired for $26 million by CIM Group.
Cloud Storage Provider Expanding in Marlborough
A Boston-based provider of cloud storage services is nearly tripling its space at a Boston Post Road property in Marlborough.
Andover Office Building Sells for $8.27M
An Andover office building near the intersection of Interstates 93 and 495 has sold for $8.27 million.
MedTech Firm Renews 128K SF in Andover
Medtech company Dräger Medical Systems will retain its North American headquarters in Andover after signing a 128,000-square-foot lease renewal with plans for a building improvement program in the next 18 months.
Printing Company Leases Peabody Offices
A printing company is relocating from Bay State Road in Boston to a Peabody office property owned by Boston-based Novaya Real Estate Ventures.
Deutsche Bank Lends $61M for Malden Spec Redevelopment
Berkeley Investments has begun a 300,000-square-foot speculative redevelopment in Malden Center, where it’s marketing space at the former bank data center to office and R&D tenants.
10 CRE Stories to Watch in 2019
As projects in Somerville, East Boston, Allston-Brighton and South End move forward, developers of large vacant commercial properties in Newton and Woburn are laying out plans for mixed-use projects totaling over 3 million square feet.
Novaya Buys Braintree Medical Building
Boston-based Novaya Real Estate Ventures has acquired a Braintree medical office building that’s 100 percent leased to 14 tenants.
Franklin Industrial Park Property Sold For $6.4M
Novaya Real Estate Ventures has sold its 59,970-square-foot industrial property in Franklin for $6.4 million.
Concord Office Park Sold For $63.6M
Boston-based Novaya Real Estate Ventures has acquired 300 Baker Ave. in Concord from Normandy Real Estate Partners for $63.6 million.
Novaya And Foxfield Acquire Distribution Center
A joint venture of Novaya Real Estate Ventures and Foxfield Ventures, both of Boston, have acquired a 178,600-square-foot distribution center at 4500 Westport Drive in Mechanicsburg, Pennsylvania for $6.4 million.
Calare Buys Flex Buildings In Marlborough
Hudson-based Calare Properties has acquired a pair of...
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