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Charlotte-Based Investor Buys Building inDavis Square in Somerville for $39 Million
Charlotte, North Carolina-based investment firm Asana Partners purchased a building within Davis Square, a 46,276-square-foot mixed-use development in Boston suburb Somerville for $39 million, or about $843 per square foot. Asana Partners acquired the property from...
Charlotte-Based Investor Buys Davis Square in Somerville for $39 Million
Charlotte, North Carolina-based investment firm Asana Partners purchased Davis Square, a 46,276-square-foot mixed-use development in Boston suburb Somerville for $39 million, or about $843 per square foot. Asana Partners acquired the property from West Roxbury,...
With Sales Booming, Small-Town Apartment Brokers Benefit
Brett Kingman is too busy to talk about how busy he is. That's because he's an apartment real estate broker in a smaller city, where investors are flocking these days in search for more upside than major markets like New York. Kingman’s a senior vice president at...
KS Partners Buys Boston Road Corporate Center in Marlborough
Investment firm KS Partners LLC purchased the six-story Boston Post Road Corporate Center in Boston suburb Marlborough for $16.4 million, or about $85 per square foot. The Woburn, Massachusetts based company acquired the office building, located at 293 Boston Post...
Takeda Exit Creates High-Profile Vacancy in Chicago’s ‘Pharma World’
Takeda Pharmaceuticals announced plans to relocate its U.S. headquarters from Deerfield, Illinois, to the Boston area.Takeda Pharmaceuticals, which has been trimming its Chicago-area headquarters for a few years, will make the final cut in the coming months as it...
Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end of 2018....
While Rent Growth Slips, Boston Properties Keeps Its Rent Gains Strong
Boston Properties seems be doing something right in its namesake market. The landlord’s Boston office portfolio continues to grow its in-service rents at an average of nearly 3 percent year-over-year. While this is down from the nearly 5.5 perecent growth in 2015, it...
Carlyle Group Raises $5.5 Billion for Eighth U.S. Real Estate Fund, Exceeding Target
The Carlyle Group purchased the 144-unit Brookside Apartments in Boulder, Colorado, earlier this year for $51 million. Global alternative asset manager Carlyle Group's eighth U.S. real estate fund, focused on opportunistic targeted investments across the United...
Owners of Boston Site Pitched for Amazon’s HQ2 Have ‘Plan B’ in Place
Thomas N. O'Brien is a founding partner and managing director for HYM Investment Group in Boston. His firm's Suffolk Downs site is considered a leading contender for landing Amazon's second headquarters; Photo credit: HYM Investment Group. Tom O’Brien isn’t waiting...
Owners of Boston Site Pitched for Amazon’s HQ2 Already Move To ‘Plan B’
Thomas N. O'Brien is a founding partner and managing director for HYM Investment Group in Boston. His firm's Suffolk Downs site is considered a leading contender for landing Amazon's second headquarters; Photo credit: HYM Investment Group. Tom O’Brien isn’t waiting...
Header Photo Credit: James L. Woodward