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NEWTON, MA-HRPT Properties Trust, a locally based real estate investment trust, prices its $200-million bond offering with 6.5% notes. The firm is earmarking net proceeds from the offering to pare down debt on its facility.
NEWTON, MA- Senior Housing Properties Trust and Marriott Senior Living Services Inc., a subsidiary of Marriott International Inc. file lawsuits and counter lawsuits over Marriott's management contract agreement. The agreement involves 31 senior living communities.
MARLBOROUGH, MA-Hall Gillespie signs two high-tech tenants for Addition Hill Corporate Center, the 500,000-sf, 106-acre campus the company bought from Lucent Technologies five months ago. Cemprus and Integrated Quality Services are taking 26,364 sf and 7,944 sf of space, respectively.
NEEDHAM, MA-The Supreme Judicial Court invalidated the Department of Telecommunications and Energy's forced telecom access regulations, finding that they constitute an unlawful taking of private property. The decision is being hailed as a victory for property owners.
BOSTON-Despite a number of reservations, it looks like the new home for the Suffolk Superior Court could be a 135,000-sf building at 51 Sleeper St. The court's lease on the John W. McCormack Federal Building in Post Office Square is nearly up.
MARLBOROUGH, MA-In a deal that won't have much impact on the area's high vacancy rates, Sepracor Inc. purchases the 192,600-sf headquarters it is currently leasing at 84 Waterford Dr. The property has development capacity for an additional 223,000 sf.
FRANKLIN, MA-Two projects totaling 390 units are being proposed in an area that was recently rezoned for industrial use. The projects are being filed under the state's affordable-housing law, which means they can bypass local zoning laws if they meet certain requirements.
BOSTON-John Hancock Financial Services puts its three-building complex in the Back Bay, which includes its 62-story tower, on the market. The company says it plans to lease back much of the space it currently occupies in a long-term deal.
MARLBOROUGH, MA-A local industry expert tells GlobeSt.com that Berwind Property Group is buying the 530,000-sf former 3Com campus for between $50 and $65 million. The software company managed to lease up much of the site making the property more appealing to investors.
BOSTON-In a move that will allow it to consolidate its office and warehouse space, EGL Inc. leases 60,638 sf at 88 Black Falcon Ave., located at the International Cargo Port on the city's waterfront.
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom Placer.ai
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Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Building Engines
Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource