Boston

The fulfillment provider is relocating operations from 235 Barnum Road in Devens where it occupies 184,077 square feet. The lease deal was announced by brokerage firm Newmark Knight Frank.

Pending single-family homes sales have been higher for 12 consecutive months, while pending sales in the condominium sector have been down or flat four out of the last 12 months, according to MAR.

The real estate investment and development company estimated net proceeds from the pending offering to be approximately $988.1 million.

The deal marks the Washington, DC-based REIT's second investment in Boston following its recent announcement of joining with National Real Estate Advisors and HYM Investment Group to own and develop One Congress, a 1-million-square-foot trophy office tower in Downtown Boston.

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.

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

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.

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.