Blog

New Bond Deal Set to Back Blackstone’s Refinance of BioMed Realty Trust Portfolio
Blackstone Group (NYSE: BX) is tapping the CMBS conduit market again to complete a second leg of its refinancing of its BioMed Realty Trust portfolio. Citi Real Estate Funding, Deutsche Bank and Barclays Bank are prepping a new bond offering (CGDBB 2017-BIOC) that...

Jumbo Capital Mgmt., Boston Andes Capital Buy Rivertech Park
Jumbo Capital Management teamed up with equity partner Boston Andes Capital to acquire the Rivertech Park in Billerica, MA from KBS Real Estate Investment Trust. Terms of the deal were not disclosed. Newport Beach, CA-based KBS paid $45.2 million, or about $158 per...

R.J. Kelly Co. Buys 500,000-SF Flex/Industrial Portfolio in Cherry Hill Park
R.J Kelly Company, a Burlington, MA-based vertically integrated commercial real estate firm, added more than 500,000 square feet to its industrial holdings with the purchase late last month of a seven-building flex/industrial portfolio in suburban Boston for $52.8...

Office Lease Up (July 31) New York Presbyterian Hospital Signs 500,000-SF Office Deal at Park Avenue Atrium
New York City's largest hospital New York-Presbyterian Hospital has signed an office deal to occupy almost 500,000 square feet in the Park Avenue Atrium office building at 237 Park Ave. (466 Lexington Ave.) in New York, NY. In order to provide the hospital with...

CoStar’s People of Note (July 28)
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: Atlanta, Baltimore, Boston, Charlotte, Houston, Nashville, San Francisco, South...

Nelson Mullins Adds Commercial Real Estate Attorney
Susan Davis has joined Nelson Mullins Riley & Scarborough LLP's office in Boston as the corporate group's commercial real estate attorney. In her role she will represent owners and investors in complex real estate transactions such as acquisitions, financing,...

Momenta Pharmaceuticals Adds 52,000 SF in Cambridge
Momenta Pharmaceutical, a leader in the analysis, characterization, and design of complex pharmaceutical products, signed a 10-year lease for 52,252 square feet of office and laboratory space at 301 Binney St. in Cambridge, MA. Momenta, which also occupies space in...

Acceleron Pharma Extends Lease at Cambridge Facility
Acceleron Pharma (NYSE: XLRN) has extended its full occupancy lease at 128 Sidney St. in Cambridge, MA for an additional five years. The clinical stage biopharmaceutical company has fully occupied the 37,700-square-foot, single-story office and manufacturing complex...

Bell Partners Invests +$100 Million in Boston Multifamily Market
Bell Partners, a Greensboro, NC-based real estate investment and management company with nearly 6,000 apartments under management, struck a deal with Boston Residential Group and The Carlyle Group to acquire the Olmsted Place Apts. in suburban Boston for $103.25...

CoStar’s People of Note (July 21) – Cushman Chooses Gorelick, Brixmor Brings on Brown, Avison Adds Kreider…
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, Raleigh / Durham, Atlanta, Charlotte and St. Louis. NEW YORK CITY...
Header Photo Credit: James L. Woodward