Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
Multiple published reports state the sale price for the property was $614 million, making the deal the largest sale price recorded for an office asset year-to-date in Boston's Central Business District.
The Philadelphia-based real estate investment advisory firm, also notes that it has begun capital improvements involving both interior and exterior upgrades at the nearly 467,000-square-foot property.
CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt's senior leadership team is taking a salary cut of 50% through the end of May.
The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.
The sale comes as a result of the company's recent relocation to a nearby shopping center at 300 White Horse Road in Voorhees, NJ, also facilitated by Vantage RES.
An affiliate of Public Storage has purchased a portfolio of three Class-A self-storage properties with a total of 3,596 units in the greater New York City and Boston areas. Jones Lang LaSalle arranged the transaction.
Real estate investment firms The Kaufman Organization and AXA Investment Managers have planted the flag in Midtown South, deploying $200 million in acquisitions, which include two office properties.
Kaiser Permanente has canceled its $900 million 29-story headquarters project encompassing 1.6 million square feet, where it was planning to relocate approximately 7,000 employees from seven East Bay offices.