Updates in the world of Commercial Real Estate
Federal Realty’s Assembly Row at Assembly Square One Step Closer to Reality – SOMERVILLE, Mass., Feb. 9, 2011 /PRNewswire/ — Federal Realty Investment Trust (NYSE: FRT) today announced that the Massachusetts Bay Transportation Authority (MBTA) board voted to approve a memorandum of agreement (MOA) between Federal Realty and the MBTA — another significant milestone […]
BOSTON — The Boston office of Lincoln Property Company, a full-service real estate firm providing leasing, investment sales, property management, appraisal/valuation, development and project management services to a wide range of clients, announced that it has negotiated two sublease transactions totaling over 25,000 square feet on behalf of Heartland Robotics. Due to robust growth Heartland […]
Sunny Delight Beverages Co. has sold its Littleton manufacturing facility for $15 million to an affiliate of private equity concern Angelo, Gordon & Co. of New York. The sale closed Jan. 11 and was brokered by Robert Cronin of Colliers International of Boston. Veryfine, a maker and marketer of fruit and flavored drinks, will leaseback […]
New Boston Fund Inc. and the Asian Community Development Corp. are seeking to scale-down the plans for their Parcel 24 residential development in Chinatown. The project, first submitted for BRA approval in October 2008, will be presented to the Boston Redevelopment Authority’s board Thursday night. Originally designed to include up to 289 condominiums and 70 […]
Woburn, MA D&D Electrical Contractors, Inc. along with DNET Cabling Technologies has moved into their new corporate headquarters. Douglas Lynch, president of D&D / DNET said we need to “practice what we preach and demonstrate to our clients that we are committed to do our part with green initiatives”. The new facility includes a grid […]
The Abbey Group said today that it has sold Landmark Center, an office and retail complex near Fenway Park, for $530.5 million. The buyer is a joint venture between JP Morgan Investment Management Inc. and Samuels & Associates, said the Abbey Group, a Boston real estate company. Tenants at Lanmark Center include Blue Cross Blue […]
It just doesn’t mix. Or does it? For as long as I can remember, artists and the art world have been shunned by commercial property owners and commercial brokers alike. It would be easy to say it’s been a bad mix, but the truth is: It’s barely been a mix at all. But things can […]
Somerville — With its large bay to accommodate trash trucks, the transfer station at the edge of Brickbottom seems larger than life, built for giants. Now Somerville is getting ready to outgrow the trash transfer station, sacrificing the nearly $1 million of revenue for better living conditions. Sometime this year, Mayor Joe Curtatone is planning […]
The Abbey Group’s challenges in filling 840 Memorial Drive in Cambridge appear to be as stubborn as ever, despite the firm’s recent lease extension with drug developer Bluebird Bio. The BlueBird Bio deal’s terms were not disclosed. However an Abbey Group spokesman with Reagan Communications Group in Boston said new the agreement means Bluebird Bio […]
The Boston office of Holliday Fenoglio Fowler LP, or HFF said that it has arranged a $29.5 million first mortgage financing for two office properties at 12 Farnsworth Street and 22 Boston Wharf Road as well as the Farnsworth Garage in Boston’s Seaport District. HFF said it worked exclusively on behalf of Berkeley Investments Inc., […]
