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JLL Taps Christakes to Oversee Property Management for New England
Jennifer Christakes has been promoted to managing director of JLL’s property management practice for New England.
Christakes has been with JLL for the past 18 years most recently as regional operations manager for the Midwest. In that capacity, she …

Berkshire Sells Largest Apt. Complex in Norwood After Decade of Ownership
Berkshire Property Advisors has sold the largest apartment complex in Norwood, MA to Braintree, MA-based property management company John M. Corcoran & Co. and institutional investor for a reported purchase price of $199 million, or approximately $218,000 per unit.
Completed in 1968, the 914-unit Berkshires at Windsor Gardens consists of 372 one-bedroom units, 310 two-bedroom units, 116 two-bedroom townhomes and 116 three-bedroom townhomes in…

Gerding Edlen Raises $416 Million for Third CRE Fund
Portland, OR-based real estate investment manager Gerding Edlen Investment Management held final close of its third real estate fund, Gerding Edlen Green Cities III.
Gerding Edlen said Fund III will target value-add investment opportunities in mixed…

Investcorp Continues U.S. Expansion with $160 Million Investment in Chicago, Boston
Investcorp, a Bahrain-based global provider and manager of alternative investment products, significantly expanded its U.S. industrial real estate portfolio with the acquisition of six multi-tenant properties totaling approximately 1.8 million square f…

Office Lease Up (May 1) Capital One Leases 330,000 SF in Wilmington Consolidation
Financial services corporation Capital One has signed a new 10-year lease expansion for 90,000 square feet in the office building at 800 Delaware Ave. in Wilmington, DE and renewed its current 240,000-square-foot space at the adjacent 802 Delaware Ave….

TimePayment Expands Burlington Headquarters
TimePayment, an equipment lease financing services provider and subsidiary of MicroFinancial Inc., finalized a deal to renew and expand its headquarters lease at 1600 District Ave. in Burlington, MA to 45,000 square feet. This is a 70% increase in square footage from the company’s current occupancy.
The three-story, 60,844 square-foot, Class A office building was constructed in 1978 off I-95 between the Lahey Hospital & Medical Center and the…

CoStar’s People of Note (Apr. 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: New York City, Boston, Chicago, Dallas / Ft. Worth, Toronto, Charlo…

Colliers Elevates Brierly to Head of Real Estate Management Services
Colliers International New England has promoted Robert Brierly to director of real estate management services (REMS). He has also been named executive vice president of Colliers Boston.
The property, asset and project management veteran joined Coll…

Harbor Trading USA Closes on PCG HQ Bldg. For First Investment in Downtown Boston
Harbor Trading USA, a California corporation that serves as the U.S. investment vehicle of the Berlin-based Süsskind & Rokeach family, entered downtown Boston with the acquisition of 148 State St. from Taurus New England Investments Corp. for $41 million, or approximately $765 per square foot.
The 53,598-square-foot, 11-story office building serves as the global headquarters for Public Consulting Group (PCG), an organization that provides management…

LBC Gets Go Ahead for New Mixed-Use Development in Downtown Quincy
LBC Boston Partners Properties earned unanimous approval from the Quincy City Council to develop a new mixed-use project in downtown Quincy, MA called Nova Residences of Quincy.
LBC plans to raze the existing property at 1500 Hancock St. by the end …
Header Photo Credit: James L. Woodward