Former Goulston & Storrs Offices Sold for $30M
A vacant Boston office building that was formerly occupied by law firm Goulston & Storrs was acquired for $30 million, a 40 percent discount from its last sale in 2014.
Vacant Malden Offices Trade for $7.8M
A vacant Malden office building that once housed state Department of Elementary and Secondary Education offices traded for $7.8 million after a marketing campaign emphasized its potential for alternative uses.
Financial District Offices Trade for $36M
A downtown Boston property anchored by Atrius Health medical offices was acquired by an alternative investment manager for $36.35 million, or 24 percent below its previous trade.
Boylston Street Property Trades for $39.1M
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.
Synergy Investments Buys Boston Office Building for Mortgage Debt
A Boston office building that traded for nearly $156 million weeks before the COVID shutdown in 2020 was acquired by Boston-based Synergy Investments in exchange for the assumption of $76.5 million in mortgage debt.
BXP Switches to Offense in 2024
Boston Properties CEO Owen Thomas said the office REIT sees “significant opportunities” for acquisitions and development in 2024 as the office sector falls out of favor among institutional investors and values drop.
Amid CRE Slowdown, Opportunities in Play
2024 promises to be a year of reckoning for many Boston-area commercial property owners as rising vacancies and expiring mortgages threaten their once-lucrative business plans.
Back Bay Office Building Trades for $99.5M
A Back Bay property was acquired for $99 million in the neighborhood’s biggest-ticket office sale since 2020.
City Realty Buys Leather District Offices for Discount
In another example of the downward reset in Boston office building values, Allston-based City Realty acquired a Leather District property for $11 million, or just over $150 per square foot.
Auto Dealer Buys Braintree Office Complex for Big Discount
A Braintree office property that went to auction in July sold for $8.7 million to auto dealer Daniel J. Quirk.
Downtown Offices Trade for 74 Percent Discount
A Downtown Crossing office building traded for a 74-percent discount from its previous price in 2016, as a Boston investor snapped up the 38,000-square-foot building for just under $4.1 million.
Investor Breaks the Ice with Downtown Office Buy
A Miami-based real estate investor made the first plunge into Boston’s chilly office investment sales market since early 2022 with the $41 million acquisition of a Financial District property.
New Leadership Arrives at a Turning Point
John Dolan – also known as the Bruins’ PA announcer – takes over leadership of brokerage Avison Young’s New England region at a critical moment in the region’s commercial real estate industry.
Hot Property: 1550 Main St.
A pair of developers acquired a former federal courthouse-turned-office building in downtown Springfield from MassDevelopment for $6 million.
Boston Realty Advisors Picks Newbury Street Address for New HQ
Commercial and residential brokerage Boston Realty Advisors is swapping its longtime Back Bay headquarters for a newly-acquired Newbury Street property.
Skanska Sells Seaport Office Tower to KKR
New York-based investor KKR and Synergy Investments of Boston have acquired a Seaport District office building from original developer Skanska.
Former Candy Factory Building Sold in Financial District
A Financial District building that’s part of Boston confectionary history is under new ownership for the first time in decades.
Alexandria Buys Andover Office Campus for $32M
Life science developer Alexandria Real Estate Partners’ latest local acquisition is a suburban office property being vacated by Philips Healthcare in Andover.
Fort Point Office Building Sold to San Francisco Investor
A San Francisco real estate investor that recently announced plans to buy tech and life science properties has acquired a Fort Point office building for $74.6 million.
Quaker Lane Buys Bulfinch Triangle Offices
Quaker Lane Capital has added a 63,000-square-foot office building in Boston’s Bulfinch Triangle to its portfolio with a $24 million acquisition.
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