Quincy and South Shore Massachusetts Commercial Real Estate Blog
Siemens Invests $300 Million in Expansion of Main Manufacturing/R&D Hub in Walpole
Siemens Corp., the U.S. subsidiary of German conglomerate company and the largest industrial manufacturing company in Europe, Siemens AG, has begun construction on a $300 million expansion of a pivotal manufacturing and R&D hub utilized by Siemens Healthineers,...
Jones Street Investment Partners Buys 288-Unit Apt. Building in Cumberland, RI
Hingham, MA-based Jones Street Investment Partners has acquired the 288-unit Cumberland Crossing in Cumberland, RI from UBS Group and Lincoln Property Co. The 357,646-square-foot apartment community consists of 84 one- and 204 two-bedroom units, averaging 932 square...
Office Lease Up (July 10) Dealertrack Signs 233,000-SF Full Bldg Office Lease in New Hyde Park
Dealertrack, an automotive solution software provider to the retail market, has signed a 17-year, full-building office lease for 233,000 square feet at 3400 New Hyde Park Rd. in New Hyde Park, NY. The new four-story building delivered this month on 8.4 acres in the...
Senate Construction Hires New Assistant Superintendent
Griffin Couture joined Senate Construction as an assistant superintendent. Couture previously worked for the Department of Conservation and Recreation, and Cooch & Sons Plastering Inc. He is currently pursuing a degree in building and construction technology at...
Sonus Networks Extends Full Occupancy HQ Lease in Westford Technology Park
Sonus Networks has extended its full occupancy lease within the Westford Technology Park in Westford, MA where the company maintains its corporate headquarters. The communications equipment provider has fully occupied the two-story building, 97,500-square-foot...
CoStar’s People of Note (July 7) – Duke Promotes Schnur, Marcus & Millichap Hires Anton, Allred Joins Avison Young…
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: Indianapolis, New York City, Las Vegas, Los Angeles, Inland Empire, Westchester /...
Apparel Retailer True Religion Restructuring through Ch. 11
Jeans retailer True Religion Apparel Inc., filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court and expects to obtain confirmation of its pre-arranged reorganization plan in three to four months. The Los Angeles-based retailer has secured investor...
CoStar’s People of Note (June 30) – CBRE Taps Van Devender, MBRE Promotes Aluisi…
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: Los Angeles, Detroit / Grand Rapids, Chicago, New York City, Washington DC, Dallas /...
J.V. Pays $51 Million for Glen Meadow Apts. in Franklin
Braintree, MA-based Schochet Cos. has partnered with Jonathan Rose Cos. out of New York City to acquire Glen Meadow Apts., a 288-unit, garden-style community located at 43 Glen Meadow Rd. in Franklin, MA. The venture paid $51.1 million, or about $177,000 per unit, for...
Government Properties REIT Buying First Potomac for $1.4 Billion
One REIT is acquiring another as Government Properties Income Trust (Nasdaq:GOV) today announced an agreement to acquire First Potomac Realty Trust (NYSE:FPO) for $1.4 billion. The cash consideration to be paid to FPO shareholders would be $11.15 per common share,...
Header Photo Credit: James L. Woodward