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Investors Feeling Mobile with $134.3 Million Multifamily Buy in Alabama Port City
A quintet of apartment properties in Alabama's preeminent port city has fetched $134.3 million. Spruce Capital Partners, of New York, and Post Road Group, of Stamford, Connecticut, acquired the five property, 1,972-unit portfolio in Mobile late last month. Cushman...
Investors Feeling Mobile with $134.3 Million Multifamily Buy in Alabama’s Port City
A quintet of Alabama apartment properties has fetched $134.3 million. Spruce Capital Partners, of New York, and Post Road Group, of Stamford, Connecticut, acquired the five property, 1,972-unit portfolio late last month. Cushman & Wakefield’s team headed by Jimmy...
Cambridge Savings Bank Consolidating Back-Office Locations to 76,000-SF Office in Waltham
Cambridge Savings Bank is consolidating its back-office locations in Cambridge and Arlington to a new 76,000-square-foot operations center at 81 Wyman St. in Waltham. One of the largest community banks in Massachusetts, Cambridge Savings Bank will maintain its...
Cambridge Savings Bank Consolidating Back-Office Locations to Thermo Electron’s Former HQ in Waltham
Cambridge Savings Bank is consolidating its back-office locations in Cambridge and Arlington to a new 76,000-square-foot operations center at 81 Wyman St. in Waltham. One of the largest community banks in Massachusetts, Cambridge Savings Bank will maintain its...
Cambridge Savings Bank Consolidating Back-Office Locations to 76,000-SF Building in Waltham
Cambridge Savings Bank is consolidating its back-office locations in Cambridge and Arlington to a new 76,000-square-foot operations center at 81 Wyman St. in Waltham. One of the largest community banks in Massachusetts, Cambridge Savings Bank will maintain its...
Trac 75 Fetches $42.5 Million in Allston
An 80-unit luxury apartment complex developed last year minutes from the new Boston Landing MBTA Commuter Rail Station in Allston, Massachusetts, has sold for $42.5 million, or approximately $531,000 per unit. A private family, under the name G&Z Real Estate...
Rent Growth Surging in Boston’s Pricey Neighborhoods
The 585-unit 345 Harrison apartment building at 345 Harrison Ave. in Boston. The narrative for the most expensive apartment neighborhoods in Boston has been flipped. Pricey areas of Boston are now experiencing some of their best rent growth in the past three or more...
Rent Growth Surging in Boston’s Pricey Submarkets
The 585-unit 345 Harrison apartment building at 345 Harrison Ave. in Boston. The narrative for the most expensive apartment submarkets in Boston has been flipped. Pricey areas of Boston are now experiencing some of their best rent growth in the past three or more...
Cushman & Wakefield Adds Pair of Broker Associates in Boston
Cushman & Wakefield has brought in two new brokers as part of a round of new hires in the firm's Boston office. Devin Tringale joins the firm as a downtown brokerage associate, while Phillip Verre has been named a brokerage associate for the firm's suburban team....
RMR Group Targets $1 Billion in Assets for New Office Fund
4840 Westfields Blvd. in Chantilly, VA, is one of six suburban office buildings purchased by affiliates of Portnoy Family Office and being contributed to RMR's new office fund. RMR Group Inc. is launching a new office investment fund to which the Newton, Mass.-based...
Header Photo Credit: James L. Woodward