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Etkin Johnson acquired the 19 properties, which range in size from 26,078 square feet to 293,510 square feet, between 1990 and 1998. The portfolio was 93% leased at the time of the sale.
“2018 was a year of market evolution,” CBRE's LaRusso said in the retail report. “Rents are broadly down and activity in the market continues, with tenants currently in the dominant negotiating position."
DDC's capital commitments have more than doubled in the last 10 years as its responsibilities have grown, to more than $2 billion in Fiscal Year 2018, according to city officials.
With the purchase now finalized, SST II has added 29 self-storage facilities to its portfolio and obtained the right to acquire one other self-storage facility currently under contract.
“This is an incredible asset in a superb location,” says Jeff Turkanis, VP at Oxford Properties Group. “As our first residential acquisition in Boston, this deal speaks to our commitment to significantly grow our residential portfolio globally, which currently stands at over 10,000 units.”
The new patient care building will total approximately 1.035 million square feet of space. The building, which will be approximately 200 feet high, will also include six stories of underground parking (1,100 spaces) and two Centers of Excellence—a cancer center and heart center.
In his statement, County Executive Latimer described the planned meeting with Con Edison as more of a fact-finding session to learn the reasons behind the imposition of the natural gas connection moratorium.
State Street Corp. reports it has signed a 15-year lease for approximately 510,000-square-feet at the planned 43-story office tower, part of the Bullfinch Crossing redevelopment project in Downtown Boston.
The joint venture has secured a $102-million construction loan split evenly among Wells Fargo, National Association, which is serving as administrative agent, and Capital One. T