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Office Tower in Boston’s Seaport Sells for $450 Million, Large Office Record for 2018
CommonWealth Partners has paid $450 million for the new office tower on Pier 4 in Boston’s surging Seaport District, a record for this year that shows the accelerating demand for the city's historic waterfront that's drawing major corporations from Amazon to General...
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...
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...
Investors Feeling Mobile with $134.3 Million Multifamily Buy on Alabama’s Gulf Coast
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...
Burns & Levinson Moving Downtown Boston Offices to 125 High St.
After 28 years on Summer St., New England law firm Burns & Levinson will relocate its downtown Boston offices a half-mile away to the High Street Tower at 125 High St. in the city's financial district. The firm agreed to a 15-year lease for 102,969 square feet in...
TJX Companies Plans to Add 2,000 More Stores
TJX Companies, which operates the T.J. Maxx brand, is adding brick-and-mortar stores.TJX Companies, the off-priced retailer that operates brands including T.J. Maxx and Marshalls, plans to open more than 2,000 stores "long-term," according Chief Executive Ernie...
Second Priciest Multifamily Sale in Boston This Year Closes in South End
Equity Residential completed the second priciest multifamily deal in the Boston market this year with its purchase of a luxury high-rise complex in the city's hip South End. Troy Boston, a 378-unit complex located at 55 Traveler St., traded for approximately $215...
New England Cities Turn to Minor League Baseball to Rejuvenate Downtowns
Dunkin Donuts Park in Hartford, Connecticut. It can be tough being a New England city not named Boston. Job losses in industries like manufacturing and insurance, once bastions of growth, coupled with population losses have hurt the economies of cities such as...
Norway’s Oil Fund Acquires Interest in Back Bay Office Property Where WeWork Recently Leased Two Floors
Norges Bank deal values 501 Boylston St. at $583 million. Norges Bank Real Estate Management has acquired a 49.9 percent interest in a mixed-use office and retail property at 501 Boylston St. in Boston. Norges Bank manages Norway's $1 trillion Government Pension Fund...
Office Tower in Boston’s Seaport Sells for $450 Million, Large Office Record for 2018
CommonWealth Partners has paid $450 million for the new office tower on Pier 4 in Boston’s surging Seaport District, a record for this year that shows the accelerating demand for the city's historic waterfront that's drawing major corporations from Amazon to General...
Header Photo Credit: James L. Woodward