Updates in the world of Commercial Real Estate
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., […]
Big Dig mandates are bringing transit to the inner-ring suburbs. Public transit in the Boston area owes a giant debt to the Big Dig, the multibillion-dollar project that essentially buried the Central Artery expressway and in the process created a new roadway network. It’s the new highways, tunnels, and a high-style bridge that catch the […]
Associated Press LOWELL — The University of Massachusetts-Lowell has announced it has bought the former St. Joseph’s Hospital complex for $6.3 million, with plans to invest tens of millions more in renovations. Chancellor Marty Meehan tells The Sun that the purchase will link the university’s North, South, and East campuses and help revitalize the Acre […]
Meet Boston’s newest skyscraper – a 31-story glass-walled tower at the corner of Congress Street and Atlantic Avenue in Boston’s Fort Point Channel district. The tower is part of a complex that fills a large gap in the city’s effort to transform the area into a modern waterfront with new residences, restaurants, boating tours, and […]
CANTON — When OneBeacon Insurance Group acquired the former EquiServe headquarters campus in 2005, OneBeacon executives had always envisioned the Canton building as a multi-tenant campus. Finally, the insurance company is ready to share. OneBeacon hosted its first open house for commercial real estate brokers Wednesday as it looks to find tenants to fill as […]
THE REPLACEMENT of Hi-Lo Foods with a new Whole Foods Market will be an epochal event, not just for the changing neighborhood of Jamaica Plain but also for the Latino community that Hi-Lo has served for 47 years. The current store is hardly the most modern of supermarkets, but what it lacks in sophistication it’s […]
End of an era for Latino grocery For Jamaica Plain’s eclectic mix of hipsters, affluent professionals, and working-class Latinos, there has been no starker symbol of transformation in their neighborhood than the one announced yesterday: The tumble-down Latino grocery Hi-Lo Foods will close its doors and reopen as a sparkling new Whole Foods Market. Recent […]
People’s United Financial Inc. bought its third Massachusetts bank in less than a year yesterday, the $493 million purchase of the parent of Danversbank, which has 28 branches from Needham to Manchester-by-the-Sea. The deal would make the Bridgeport, Conn. company the seventh largest bank in Massachusetts and the Boston metro area. In April it took […]
Chicago-based Equity Residential wants to replace the Garden Garage across from the TD Garden with 500 new apartments by fall 2015. Under the $300 million plan filed with the Boston Redevelopment Authority, the 710-space parking facility at 35 Lomasney Way off Martha Road in the West End would be replaced with two buildings. One would […]
Jim Cohen figured it would be a slam-dunk: Bring discount retailer Ocean State Job Lot to a vacant building he owns on a rundown block on Somerville’s Winter Hill. Tweet Be the first to Tweet this!Submit to DiggdiggYahoo! Buzz ShareThis The store would restore some life to the neighborhood, provide several dozen jobs, and offer […]
