GE Finds Temporary Headquarters in Boston's Seaport District
Following last month's highly publicized announcement that GE would shift its global headquarters from Fairfield, CT to an as-of-yet disclosed location in Boston, the company for the time being has...
View ArticleSanofi Genzyme Signs 53,879-SF Expansion
Sanofi Genzyme, a life science company selected for expansion by its French pharmacuetical owner in a corporate restructuring last year, signed a 53,879-square-foot lease expansion with Ferris...
View ArticleOffice Lease Up (Feb. 1) Omnicom Renews 167,000-SF Lease at SL Green's News Bldg
Omnicom Group extended its lease totaling 167,003 square feet in The News Building at 220 E. 42nd St. in New York City for another 15 years. The network of marketing communication agencies will remain...
View ArticlePlanet Fitness Opening Location in Somerset Plaza
Planet Fitness has leased 22,535 square feet within the Somerset Plaza in Somerset, MA. The 162,477-square-foot shopping center was built in 1975 at 863-887 GAR Hwy. in the Attleboro/New Bedford...
View ArticleAkelius US Picks Up 68-Unit Apt. Complex in Cambridge for $28.5 Million
Akelius US acquired the 68-unit multifamily building at 334 Harvard St. in Cambridge, MA for $28.5 million, or about $419,000 per unit. The seven-story complex was built in 1905 and is located in the...
View ArticleMaker of MBTA’s Charlie Card Soon to Have New Headquarters
Scheidt & Bachmann USA, the maker of MBTA’s Charlie Card, will move its headquarters to 1001 Pawtucket Blvd. in Lowell, MA. The company will consolidate two 54,000-square-foot spaces in Burlington...
View ArticleNavaya Real Estate Ventures Pays $19.7M for Middleboro Warehouse
Navaya Real Estate Ventures, a real estate investor based in Boston, acquired a two-story warehouse distribution complex in Middletown, MA from AEW Capital Management for $19.7 million, or about $76...
View ArticleColumbia Property Trust Adds Popper as SVP, Eastern Region
Adam Popper has joined Columbia Property Trust, Inc. (NYSE: CXP) as senior vice president, Eastern Region. He will be based in the firm's New York office. Effective February 29, 2016, Popper will...
View ArticleCoStar's People of Note (Feb. 5)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City,...
View ArticleOffice Lease Up (Feb. 8) ZF TRW Commits to 171,332 SF in Farmington Hills
ZF TRW signed a long-term lease for 171,332 square feet in the recently revamped Arboretum Office Park in Farmington Hills, MI. The company was formed last year when German car parts manufacturer ZF...
View ArticleRelated Beal Begins Construction On New Mixed-Use Development in Boston's...
Related Beal, a division of Related Cos., has begun construction on Parcel 1B, a new transit-oriented mixed-use development in Boston's Bulfinch Triangle that will feature a 239-unit apartment complex...
View ArticleBiette Joins Boston Realty Advisors
Anthony Biette joined Boston Realty Advisors as the new managing director of the firm's capital markets team. Biette was previously at Newmark Grubb Knight Frank for several years, where he focused on...
View ArticleTrueNorth Capital Partners Acquires Pair of Boston-Area Apt. Bldgs. for $41...
TrueNorth Capital Partners closed on a deal with Equity Residential to acquire a pair of apartment buildings in suburban Boston for $41 million. The 127-unit portfolio consists of the 76-unit Webster...
View ArticleVNA Care Network Renews Lease in Southborough Technology Park
VNA Care Network, a home health care group, renewed its 20,717-square-foot lease for another three years at 333 Turnpike Rd. in Southborough, MA. The two-story office building totals 38,672 square feet...
View ArticlePhillips Edison Grocery Center REIT II Adds Carriagetown Marketplace to Holdings
Carriagetown Marketplace, a 96,472-square-foot Stop & Shop-anchored shopping center located at 100 Macy St. in Amesbury, MA, has been acquired by Phillips Edison Grocery Center REIT II, Inc. for...
View ArticleCoStar's People of Note (Feb. 12)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington D.C.,...
View ArticleOffice Lease Up (Feb15) Ad Agency Droga5 Doubles Footprint on Wall St. to...
Ad agency Droga5 leased an additional 111,000 square feet at 120 Wall St. in New York, NY. The firm will now occupy 208,000 square feet over 11 floors, including the 97,000 square feet it has occupied...
View ArticleMIT Purchases Office Building in Cambridge
Massachusetts Institute of Technology (MIT) acquired a seven-story office/technical property in Cambridge, MA from Boston Properties for $105,400,000, or about $456 per square foot. The building...
View ArticleBoutique Hotel Tria Changes Hands in Cambridge
Philadelphia-based Hersha Hospitality Trust (NYSE: HT) bought The Hotel Tria at 220 Alewife Brook Pky. in Cambridge, MA from KW Development for an undisclosed amount. Hotel Tria is a boutique 121-room...
View ArticleGSA’s 2017 Budget Proposes $1.5 Billion in CRE Investments
The U.S. General Services Administration (GSA) announced significant new real estate investments as part of the agency's proposed fiscal year 2017 budget request. While the proposed budget is subject...
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