Thor Equities Buys Norwood Medical Center for $23.5 Million
New York-based private equity firm Thor Equities purchased a three-story medical office building in Boston suburb Norwood for $23.5 Million, or approximately $255 per square foot. Thor Equities purchased the property, dubbed Norwood Medical Center, from Newton,...Texas-Based Hotel REIT Buys Watertown Residence Inn for $71 Million
Hotel real estate investment trust Summit Hotel Properties purchased a Residence Inn by Marriot in Boston suburb Watertown for $71 million, or about $473,000 per unit. The Austin, Texas-based firm acquired the hotel from its developer, locally based Boylston...Hotel REIT Buys Watertown Residence Inn for $71 Million
Hotel real estate investment trust Summit Hotel Properties purchased a Residence Inn by Marriot in Boston suburb Watertown for $71 million, or about $473,000 per unit. The Austin, Texas-based firm acquired the hotel from its developer, locally based Boylston...Greystar Picks Up 230-Unit Apartment Complex in Suburban Boston for $89.3 Million
In part of its strategy of acquiring transit-oriented properties in rapidly expanding neighborhoods in metropolitan Boston, multifamily investor Greystar purchased a 230-unit apartment complex in the northern Boston suburb Revere for $89.25 million, or about $446 per...Avison Young Launches Life Science Practice Group
The market for life science and modern lab space is tightening in San Diego, Boston, San Francisco and other major biotech markets. Image courtesy of Avison Young. Fast-growing Toronto property brokerage Avison Young, flush with a cash infusion from one of...What if a Hurricane Like Florence Hit Boston?
A Florence-level hurricane could put most of downtown Boston underwater, according to data from the U.S. Army Corps of Engineers and CoStar GIS. In the wake of Hurricane Florence, many cities along the East Coast have begun examining their own worst-case storm...Washington, D.C., Firms Team Up to Buy Planned 43-Story Office Tower in Downtown Boston
Carr Properties and National Real Estate Advisors have agreed to buy One Congress, which is a part of HYM’s 2.9 million-square-foot mixed-use project, Bulfinch Crossing. Rendering courtesy of The HYM Investment Group, LLC. Carr Properties has agreed to purchase...Cannabis ‘Green Rush’ Fuels Growing Demand for Large-Scale Agri-Campuses
AmeriCann Inc. is building a planned 987,000-square-foot cannabis campus 30 miles northeast of Providence, Rhode Island. Entrepreneurs are building modern cannabis campuses in response to what some real estate brokers call a green rush that’s driving up...Developer Plans to Start Building This Week on Tallest Tower in Downtown Boston
Work on Millennium Partners’ Winthrop Square development is set to get underway in downtown Boston. Construction is set to begin this week on the tallest tower in downtown Boston, a building that will cast a much-debated and negotiated shadow over the iconic...
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