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Garrison Investment Group, Grand Park Capital Management and Focus Healthcare Partners have sold the Town Village Portfolio, comprised of four independent living facilities totaling 818 age-restricted units, to a joint-venture between Chicago Pacific F…

Baystone Development, a Weston, MA-based real estate developer and investor and the team behind the development of Cronin’s Landing and Longview Place, has secured $50 million in construction financing for the development of a new 234-unit apartment complex in Revere, MA dubbed Beach House.

The community will break ground directly across from Revere Beach roughly 5.5 miles north of Boston. It will provide prospective residents panoramic views of…

AvalonBay Communities (NYSE: AVB) has sold the 251-unit Avalon Shrewsbury multifamily complex in Shrewsbury, MA to Boston-based private equity real estate firm Audubon Capital Partners for an undisclosed amount.

The 251-unit apartment complex consi…

Medical Properties Trust Inc. (NYSE: MPW) agreed to acquire the real estate interests of nine acute care hospitals operated by Steward Health Care System LLC for $1.25 billion.

The price includes a $1.2 billion investment in hospital real estate and…

Allergan, a global pharmaceutical company, has signed a 13-year, full-building lease totaling 431,495 square feet of class A office space at 5 Giralda Farms in Madison, NJ.

Allergan will be closing their Parsippany, Bridgewater and Jersey City loca…

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: Dallas / Ft. Worth, New York City, Chicago, East Bay, San Francisco,…

Cresset Development selected Newmark Grubb Knight Frank (NGKF) to oversee the leasing and management of 65 Grove St., a recently acquired 120,000-square-foot office, medical, research & development and life-science building located in Watertown, MA.

Phil Giunta, George Nugent and Jeremy Roy will collaborate oversee leasing at the newly renovated property on behalf of the owner. Previously occupied by GE Ionics, 65 Grove will offer new tenants…

Wind River Environmental has signed a lease to open a new office within the Lake Williams Corproate Center in Marlborough, MA.

The largest full service liquid waste management service provider in the Northeast, Wind River Environmental will occupy 1…

Universal Realty acquired the Arboretum Apts. at 1 Arboretum Way in Canton, MA from Equity Residential for $28.6 million, or approximately $181 per unit. Financing was obtained from Prudential Multi-Family Mortgage for $22.8 million.

The three-stor…

Transwestern bolstered its capital markets team in Boston with the hiring of Jeanette Ambrosio Gaede as vice president.

In her new role, Gaede will primarily focus on investment sales, equity placement, structured financing and strategic advisory. S…