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Polsinelli, a senior managing director and principal, and Rogovin, senior director and principal, at Eastern Consolidated, will lead the new Compass commercial division.
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.
The cash and stock merger deal, which was announced on May 2, is expected to close on Sept. 7. The deal values MTGE at $19.65 per share of MTGE common stock based on the closing price of Annaly's common stock on April 30, 2018.
While the laws and regulations surrounding this specialty are new to the CRE industry, many leases and sales already in the books, such as the first cannabis hedge fund to be located at 330 Fell St.
The rent discount for Class A space in Crystal City vs. Class B space in Washington, DC will continue the trend of cost-conscious tenants exploring this market, according to JLL.
The tech industry has added 682,000 employees in the past five years -- and most significantly for the CRE industry, it has been a top driver of office leasing activity during that time.
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.