A firm led by a Belgian investor has acquired the sites of two planned South Beach apartment projects in a deed in lieu of foreclosure and a short sale. The largest deal involved a 12-unit apartment project in mid-construction in which Banco Popular North America let the developer sell the property for 52 percent less […]
We keep hearing that landlords are bending over backwards — beyond offering low lease rates — to retain and recruit tenants. Details over recently awarded allowances for tenant improvements indicate that some property owners are more flexible than others. A case in point is this week’s disclosure that Boston Properties Inc. gave the Federal Home […]
Cambridge’s first cleantech-focused incubator is about to be replaced – by a biotech building. Solar technology developer Promethean Power Systems had been providing shop space for energy startups in a building near Lechmere Square. Now, after less than a year, it is out looking for new digs, after the owner of the building sold it […]
Cambridge — The Forsyth Institute, the world’s leading independent oral health research organization, held its grand opening celebration on Nov. 18 at its new home. Forsyth, which has been improving oral and overall health for 100 years through its biomedical research and community programs, operates in a state-of-the-art facility at 245 First St. in Cambridge. […]
Purchase this photo Wicked Local staff photo by David Gordon Voltage Coffee owner Lucy Valena stops for a photo in her new shop on Thursday morning, November 18, 2010. In science- and research-driven Kendall Square, Lucy Valena wanted to create an “art portal in a science space.” With the idea of bringing quality […]
Cambridge-based biomedical company focused on antibacterial coatings Semprus BioSciences Inc. has closed on an $18 million Series B financing roubnd, led by SR One, the corporate venture capital arm of GlaxoSmithKline, and Foundation Medical Partners. According to Semprus officials, 5AM Ventures and Pangaea Ventures, both of whom invested in the company’s Series A financing, participated […]
Two local properties — 38 Chauncy St. in Boston and the Fresh Pond Shopping Center in Cambridge — are having markedly different effects on a $780 million portfolio of mortgage securities packaged and sold by GE Commercial Mortgage Corp. in 2002. The local office and retail properties were highlighted in a recent Moody’s Investors Service […]
Restaurants — even the nonchain variety — have become prized tennants for many shopping center operators. As the retail real estate industry transforms in the wake of the recession, mall and shopping center owners are building relationships with the kinds of tenants they might have ignored 5 or 10 years ago. BUILT-IN FANS: Michal Holleb […]
A&P, the troubled grocer, filed for Chapter 11 bankruptcy protection Sunday, weighed down by a crushing debt load and competition from low-price rivals. The Montvale, N.J.-based grocery-store chain—formally called the Great Atlantic & Pacific Tea Co.—listed total debts of more than $3.2 billion and assets of about $2.5 billion in a petition filed in bankruptcy […]
Best Buy Co. Inc. is offering the iPhone 3GS for free on Friday, breaking new ground in discounting of Apple Inc. products. It’s not the latest version of the popular smartphone and it doesn’t have enough storage at eight gigabits for those who want to load up a lot of pictures and songs. The deal […]
