Quincy and South Shore Massachusetts Commercial Real Estate Blog

CoStar’s People of Note (Nov. 3) – Dream REIT Taps CEO for US Expansion, JLL Boosts NJ Exec. Team
The following companies announced personnel moves this week: Dream Industrial REIT, JLL, Clune Construction, Cushman & Wakefield, McCraney Property Co., Seagate Properties, Madison Realty Capital and Phillips Edison & Co.img.pon{display: block; padding: 5px;...

CoStar Market Insights: Foreign Investors Driving Office Sales Volume in Boston
As with many office markets these days, the Boston office capital market is extremely hot. In fact, prices across the metro are now 39% above where they stood at the last peak in 2007 - the greatest increase of any property type. And when pricing gets this hot, it...

Carruth Capital Buys Westborough Office Park for +$40.7 Million
Local commercial real estate firm Carruth Capitol purchased the Westborough Office Park in Westborough, MA from Equus Capital Partners for $40.74 million, or approximately $106 per square foot. Westborough Office Park is a 384,511-square-foot, four-building office...

Macrolide Pharmaceuticals Moving Office to LINX Bldg. in Watertown
Macrolide Pharmaceuticals, a company that develops antibiotic compounds against some of today's most dangerous bacterial threats, will relocate to an expanded space in Watertown, MA after agreeing to a lease for 18,542 square feet within the brand new LINX building at...

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...
Header Photo Credit: James L. Woodward