Quincy and South Shore Massachusetts Commercial Real Estate Blog
Government Properties Income Trust Seeks To Acquire First Potomac Realty for $1.4 Billion
Government Properties Income Trust (Nasdaq:GOV) today reached an agreement to acquire all 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, ($683 million in total). That...
Longfellow, Morgan Stanley Team Up to Buy 136,000-SF Office Bldg. in CambridgePark
Boston-based development, investment and management firm Longfellow Real Estate Partners teamed up with the private real estate investing team at Morgan Stanley to acquire 100 CambridgePark Dr. in Cambridge, MA for an undisclosed amount. The 135,572-square-foot,...
Vacant Retail/Office Complex in Downtown Boston Changes Hands for $63 Million
A long-vacant retail and office complex in downtown Boston has sold to a private national investor in a $63.25 million completed late last week. Commonwealth Holding secured an $837 per square foot price for the 75,540-square-foot, five-story building that has stood...
Grand Coast Capital Group Signs HQ Lease in Quincy
Grand Coast Capital Group has signed a deal to relocate its corporate offices from Hingham, MA to the Hancock Center at 1515 Hancock St. in Quincy, MA. The national private lending and real estate investment firm also secured an ownership interest in the...
Goodwin Law Firm Develops New Partnership
With over two decades of experience in the industry, Marc Lazar, the former co-head of the real estate investment and transactions group at Ropes & Gray, has moved on to serve as a partner within the real estate industry group at leading Global 50 law firm,...
Invesco Real Estate Signs New Leases for 179 Lincoln
Six tenants are either renewing or occupying space for the first time at 179 Lincoln on the Greenway in downtown Boston. Invesco Real Estate, a global real estate investment manager, helped secure Power Advocate for 22,710 square feet, Smartsheet at 19,183 square...
Office Lease Up (June 26) Conduent to Open 125,000-SF Call Center at Medley Centre in Rochester
Conduent Corp. (NYSE: CNDT) has signed a lease to occupy 125,000 square feet within the 1.3 million-square-foot Medley Centre at 285 Medley Centre Pky. in Rochester, NY. The New Jersey-based business process services company and former business services division of...
Coastal Markets Among Most Challenging for Adding New Apartment Supply; Easier in Midwest, South Markets
Following the release of its findings last week that the U.S. may need millions more apartment units by 2030 if current household formation trends continue unabated, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) identified...
Coastal Markets Among Most Challenging for Adding New Apartment Supply; Midwest, South Easier
Following the release of its findings last week that the U.S. may need millions more apartment units by 2030 if current household formation trends continue unabated, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) identified...
Coastal Markets Among the Hardest To Add New Apartment Supply; Midwest, South Easier
Following on the release of its findings last week that the U.S. will need at least 4.6 million new apartments by 2030 to meet the expected increase in demand, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) identified the...
Header Photo Credit: James L. Woodward