Medford Lab Development Site Auctioned for $5.5M
A Medford life science development site once appraised at $52 million in 2022 was sold at a foreclosure auction to a car-wash holding company.
A Medford life science development site once appraised at $52 million in 2022 was sold at a foreclosure auction to a car-wash holding company.
A lender submitted the only bid of $25.7 million for a vacant Back Bay retail property at a foreclosure auction Tuesday.
A failed Medford lab development provides a stark example of how Massachusetts’ rapidly retreating life sciences market left some developers and lenders high and dry.
Boston’s 1.1 million-square-foot One Lincoln office tower was sold to its lender for $400 million at a foreclosure auction today.
Lenders postponed an auction of Boston’s One Lincoln office tower at the last minute, delaying a potential change of ownership for the 1.1 million-square-foot skyscraper.
A real estate auction has been scheduled for a pair of properties in Boston’s North End once eyed for a potential redevelopment.