Boston

Features

Developer to Begin Construction on Boutique Hotel High-Rise in 2019

John Jordan | October 16, 2018

Hudson Group secured approvals from the Boston Planning & Development Agency Board of Directors last week for 150 Kneeland St., a 21-story, 230-room hotel.

News

Scape Announces U.S. Headquarters to be Based in Boston

John Jordan | October 12, 2018

Scape USA is targeting 20,000 beds nationwide and is prepared to invest $1 billion in Boston over the next five years.

News

New Logistics Real Estate Platform Targets $5B in Managed Properties

John Jordan | October 12, 2018

The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.

NYC-Based Ideanomics Closes Buy to Bring $283M Fintech Village to West Hartford

John Jordan | October 11, 2018

Earlier this year, Ideanomics consolidated its New York City offices into approximately 10,300 square feet of leased space on the 19th floor of 55 Broadway in the Financial District of Manhattan. The company also has offices in London, Hong Kong, Beijing, and Shanghai, China.

News

Cronin Development Secures $294M for The St. Regis Residences, Boston

John Jordan | October 11, 2018

JP Morgan and Mack Real Estate are providing $294 million for the luxury condominium tower. Construction on the 22-story building that is being built by John Moriarty & Associates has begun.

News

Iron Mountain Expands Presence in China

John Jordan | October 08, 2018

The acquisition of GRM China will expand Iron Mountain's presence in Beijing, Shanghai, Guangdong, Qingdao, Dalian, Chengdu and Wuhan (including more than 2.5 million cubic feet of storage).

Manhattan v. Boston: The Real Estate Game

Betsy Kim | October 05, 2018

Avison Young gets into baseball's division playoffs, comparing the real estate stats of New York City and Boston.

News

Plymouth Industrial REIT Expands Ohio Portfolio with Two Buys

John Jordan | October 02, 2018

Plymouth Industrial has also signed a definitive agreement to acquire a 1.1-million-square-foot, multi-tenant Class B industrial property in Cincinnati for $24.8 million.

News

Summit Hotel Properties Acquires Boston-Area Hotel, Sells FL Property

John Jordan | October 01, 2018

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

Vets First Choice to Build New HQ in Portland

John Jordan | September 27, 2018

The project at 12 Mountfort St. will be the first major office building to be constructed in Downtown Portland in the last quarter century and will be a major economic catalyst for the region as Vets First Choice expects to ramp up hiring here.

News

Harmonic Drive to Relocate to New HQ in Beverly

John Jordan | September 26, 2018

Harmonic Drive has outgrown the two buildings it currently occupies in Peabody and the move to Dunham Ridge will allow it to consolidate its functions into one building and expand its footprint to accommodate growth.

News

Digital Realty to Acquire Ascenty in Nearly $2B Deal

John Jordan | September 24, 2018

Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.

News

Gilbane Development to Begin $400M in New Student Housing Projects

John Jordan | September 19, 2018

All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.

News

Newton Mixed-Use Project Secures Construction Financing

John Jordan | September 18, 2018

The $30.167 million construction and permanent loan was provided by Eastern Bank and was arranged by Holliday Fenoglio Fowler, L.P.

News

Montecito Medical Expands New England Presence with Providence Buy

John Jordan | September 18, 2018

The four-story, 68,500 square-foot property is the largest facility for University Medicine, which operates nine other clinics throughout Rhode Island.

Thought Leadership

Web-Based Retail: The Asset Manager’s Perspective

John Salustri | September 14, 2018

“When a shopper gets into the car, they need to think of our shopping center first.” That’s a strategy worked best at Federal Realty by a close union of asset and property managers, says Federal’s Bryan Furze.

News

Related Invests in Expanding 5G Wireless Broadband Firm

John Jordan | September 07, 2018

Starry Internet is currently available at Related residential properties in Boston and Los Angeles and will expand to its New York City properties this fall.

News

CBRE Group Acquires Longstanding New England JV

John Jordan | September 04, 2018

CBRE/New England, combined with the Purpura-led team, manages more than 100 million square feet of commercial property and corporate facilities and has more than 1,200 employees.

News

Holland Partner Group Sells Colorado Multifamily for $62M

John Jordan | August 31, 2018

Lone Tree has emerged as Denver’s most sought-after enclave in recent years, JLL notes, and as the metro’s fastest growing suburb it includes a discerning “renter-by-choice” demographic.

News

The Shopping Center Group Acquires Connecticut Investment Management Firm

Steve Lubetkin | August 31, 2018

The combination of the firms will offer a keen understanding of the national commercial real estate landscape with a precise, street-level focus that establishes a competitive advantage for investors during all phases of an asset’s lifecycle.

News

Hilco Real Estate Acquires CenterPoint Office Complex for $86M

John Jordan | August 29, 2018

The property formerly served as an R&D and manufacturing hub for Raytheon, but has been transformed into a modern multi-tenant campus via substantial capital investment throughout the past 10 years.

News

Rubenstein Partners Buy Research Plaza Office Park

John Jordan | August 29, 2018

Rubenstein’s business plan calls for the creation of walking connections to a new retail center currently being built adjacent to the Research Plaza property, which will help tenants access the new retail amenities at the complex.

News

Claremont Adds Residence Inn in Fort Point to Boston Hotel Portfolio

John Jordan | August 28, 2018

Originally built as The Stillings Building in 1901 by the Boston Wharf Co., the brick, post and beam property was redeveloped into the Residence Inn Boston Downtown Seaport.

News

Tishman Speyer Lands Record Price for Pier 4 Office Building

John Jordan | August 24, 2018

New York City-based Tishman Speyer reports the $1,208-per-square-foot sale price for the Seaport District office tower at 200 Pier 4 Blvd. calculates out to the highest ever achieved for a Boston office property.

News

Lendlease, Australian Fund Form $2B Initiative For US Multifamily

Erika Morphy | August 23, 2018

The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.

News

Norges Bank Acquires Stake at 501 Boylston for $291M

John Jordan | August 22, 2018

TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), will retain the remaining 50.1% interest in 501 Boylston St., which totals 610,000 square feet of office and retail space.

News

Cambridge Savings Bank Signs Lease Deal in Waltham

John Jordan | August 21, 2018

Cambridge Savings Bank will house its new operations center at the 2-million-square-foot Hobbs Brook Park, but will retain its corporate headquarters operations in Cambridge.

News

MetLife, State Street Strike $2B Commercial Mortgage Deal

John Jordan | August 17, 2018

As part of the deal, State Street affiliates and MetLife affiliates will co-lend each loan.

News

Law Firms Are King at Tishman Speyer’s 125 High St.

John Jordan | August 16, 2018

The largest deal was the relocation of law firm Burns & Levisnon to approximately 100,000 square feet of space at 125 High St.

Medical Office Looks Good for Buyers and Sellers

Brian J. Rogal | August 16, 2018

Public REITs have, temporarily at least, pulled back from the medical office sector, but sellers have not suffered.

News

Inland Private Capital Sells Medical Office Buildings in Illinois, Massachusetts

John Jordan | August 15, 2018

The company states the sale resulted in a total return to the investors of 142.10% (calculated based on the aggregate amount of original capital invested in the property).

Carter Validus Mission Critical REIT Sells Last Data Center

Adele Carter | August 06, 2018

"This latest transaction brings our company’s strategy to pursue liquidity for our entire data center portfolio to a successful conclusion.”

Montecito Buys Satellite MOB For Boston Children’s Hospital

Adele Carter | August 02, 2018

"We love the characteristics of Boston Children’s hub-and-spoke model, where the satellite offices are leased on a long-term basis to an investment-grade system.”

News

Verizon Signs Major Lease Deal at Hub at Causeway Project

John Jordan | August 01, 2018

Under the agreement with an affiliate of Verizon, the telecommunications firm will lease approximately 70% of the planned 627,000-square-foot Class A office tower at 100 Causeway St. for a 20-year term.

Family Office, RMR Launch $500M Office Fund

Erika Morphy | August 01, 2018

It will acquire middle market, multi-tenant office buildings located in urban infill and suburban locations in non-gateway US markets.

Brookfield to Acquire Forest City in $11.4B Transaction

Betsy Kim | July 31, 2018

Brookfield will acquire all shares of common stock of Forest City for $25.35 per share.

Research

Atlanta Makes Top Ten In CBRE’s Tech Talent Report

Steve Lubetkin | July 27, 2018

Atlanta grew its tech talent pool at the third fastest pace of all 50 markets, increasing by 34.7% in the last five years.

Montecito Medical Acquires Beth Israel Deaconess MOB

Adele Carter | July 24, 2018

“Medical real estate doesn’t get much better than this prime property, given its location adjacent to the hospital campus and with a long-term lease to the dominant health system in the market."

News

Boston Properties Joins the Moinian Group in Developing 3 Hudson Blvd.

Betsy Kim | July 23, 2018

The REIT is becoming the managing partner, purchasing a minority interest in the 2 million square-foot property in the Hudson Yards district.

News

Construction Begins on Gables Station Development

John Jordan | July 23, 2018

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

News Thought Leadership

Plantation Office Deal Shows Strength of Broward County Market

John Jordan | July 19, 2018

The 79,719-square-foot four story office building at 7901 SW 6th Court in Plantation was sold by TA Associates Realty to Miami-based the Green Companies.

Boston Capital Closes MF Fund With Eyes On The Next One

Erika Morphy | July 18, 2018

It plans to realize more than $350 million in acquisitions of multifamily properties in the US.

Alexandria Acquires 219 E. 42nd St. for $203M

Betsy Kim | July 13, 2018

The life sciences and tech REIT purchased the East Midtown property agreeing to a sale leaseback with Pfizer.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | July 13, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Three Colliers Offices Meld MF In New Initiative

Erika Morphy | July 12, 2018

The Atlanta, Boston and Chicago offices have joined forces to share information and deal flow on behalf of their clients.

Middle Market Digest – The Northeast

Steve Lubetkin | June 29, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Hellman Logistics Signs Sale/Leaseback for its North American HQ in Doral

John Jordan | June 29, 2018

The 240,66-square-foot cross-dock facility has been owned and occupied by Hellman Worldwide Logistics since its opening in 1996 and serves as the Osnabrueck, Germany-based company’s North American headquarters.

News

Rising Rates: What Multifamily Investors Should Know

Kurt Stuart | June 28, 2018

In an EXCLUSIVE GlobeSt.com article, Kurt Stuart, Head of the Northeast, Commercial Term Lending at JPMorgan Chase says what to know and do with rising interest rates.

Related, Rockpoint Launch $2B Partnership

John Jordan | June 27, 2018

Hammon tells Globest.com that it is currently vying for several possible acquisitions. In addition, the new Related division is exploring possible purchases in Florida and Atlanta.

Gazit Horizons Invests $63M in NYC and Boston

Betsy Kim | June 07, 2018

The Tel-Aviv headquartered real estate firm acquired ownership interests in a Brooklyn shopping mall and in Boston's Downtown Crossing district.