Quincy and South Shore Massachusetts Commercial Real Estate Blog

Ares Management, CV Properties Secure $140 Million Financing for Aloft & Element Hotels
Ares Management and CV Properties secured $140 million in financing for the Aloft Hotel and Element Hotels located directly across the street from the Boston Convention and Exhibition Center (BCEC) in Boston's Seaport District. The dual-branded hotel opened along D...

Amazon’s Robotics HQ Bldg. Sells in North Boston for $45.1 Million
Dallas-based Lincoln Property Co., in a joint venture with Bahrain-based Ibdar Bank and Arlington, VA-based private equity and asset management firm Ritz Banc Group, acquired Amazon's robotics headquarters complex in North Reading, MA for $45.1 million, or...

CoStar’s People of Note (Oct. 27) – Cresa Expanding in NYC, NKF Names Market Leader…
The following companies announced personnel moves this week: Cresa, Newmark Knight Frank, Avison Young, CBRE, Cushman & Wakefield, Hines, Mast Construction and Avison Young.img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px;...

Hundreds of Localities Fortify Their Amazon HQ2 Bids with Hefty Financial Incentives
Under The Irvine Co.'s Spectrum Terrace proposal, Amazon would not be required to invest capital for land acquisition, buildings or entitlements. Amazon confirmed this week that 238 North American cities and regions submitted bids to be the home of its planned...

Spring Bank Pharmaceuticals Moving Headquarters to Elmwood Park
Spring Bank Pharmaceuticals (NYSE: SBPH) signed a 125-month lease for 29,483 square feet at 35 Parkwood Dr. in Hopkinton, MA where the clinical-stage biopharmaceutical company will establish its headquarters and primary laboratory space. Spring Bank will relocate from...

Akelius Buys 56-Unit Apt. Complex in Boston’s Back Bay
Akelius, a Swedish real estate investor, closed on its 12th investment in Boston with the purchase of the 56-unit apartment complex at 12 Commonwealth Ave. in Boston's Back Bay for $33.5 million, or approximately $598,000 per unit. The building is primarily comprised...

Piaggio Fast Forward Leases Additional 14,000 SF at RS 56 in Boston
Piaggio Fast Forward (PFF), founded in 2015 by the Piaggio Group, Europe’s leading manufacturer of light vehicles, has increased its footprint with an additional 14,000 square feet at 52 Roland St. in Charlestown, MA. Paradigm Properties purchased the three-building,...

CoStar’s People of Note (Oct. 20) – Starwood, Castle Lanterra Make Additions to C-Suite, Grocery REIT Hires Regional VP…
img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;}The following companies announced personnel moves this week:...

Valencia Realty Capital Appoints New Director of Transactions
Valencia Realty Capital, a Boston-based firm that provides capital to independent commercial real estate investors and developers, has hired Alex Riccio to serve as its new director of transactions. In his new role, Riccio will be responsible for asset underwriting...

Campanelli/Trigate Completes $28.4 Million Sale of Heritage Point in Quincy
Heritage Point, a six-story, 160,912-square-foot office building located at 108 Myrtle St. in Quincy, MA, has been acquired by Grander Capital Partners and North Colony Asset Management for $28.35 million, or approximately $165 per square foot. The Class A building is...
Header Photo Credit: James L. Woodward