Newmark Hires Purpura from Beacon Capital
An executive for some of the top commercial real estate firms in Boston is joining Newmark’s Boston office as executive vice chairman.
Mega-Brokerage Trend Continues With HFF Acquisition
In the latest major consolidation within the commercial brokerage industry, JLL has agreed to acquire HFF for $2 billion in a transaction that will strengthen its capital markets teams in Boston and nationwide.
Timing Is Everything In CRE
After a brief career on Beacon Hill as a legislative aide, Bill Crean transitioned to the private sector representing Construction Industries of Massachusetts during the heyday of the Central Artery Tunnel project. A commercial real estate broker for the past two decades, Crean joined Avision Young in August.
CBRE/NE Adds 48 to Boston Team
CBRE/New England has bolstered its Boston-based team with the addition of 48 new brokers and staff from rival Transwestern.
Two More Transwestern Partners Join Cushman & Wakefield
Transwestern Partners Thomas Ashe and Robert Byrne have joined rival Cushman & Wakefield’s Boston office as executive director and managing director respectively, bolstering its downtown and suburban office leasing teams.
Downtown Office Rents Continue To Rise
Asking rents for class A office space rose significantly in downtown Boston during the second quarter despite a sluggish period for leasing activity.
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.
America’s Test Kitchen Finds New HQ
America’s Test Kitchen has leased 52,856 square feet in the Innovation & Design Building in the Seaport District.
Lahey Health Renews In Burlington
Lahey Health Systems has signed a long-term lease renewal at 25 Mall Road in Burlington.
Taurus Sells 3 Buildings In Bear Hill Park
Boston-based Taurus Investment Holdings has sold a three-building portfolio in Waltham’s Bear Hill Business Park for $14 million.
Personnel File
Coldwell Banker, Transwestern and the Massachusetts Life Sciences Center are featured in this week’s roundup of organizations announcing changes to personnel.
