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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...
Pair of Australian Investment Firms Make $2 Billion Bet on U.S. Apartments
Lendlease is currently building 720 South Wells St., the first of five residential high-rises slated for the seven-acre Southbank parcel of the Riverline mixed-use development in Chicago. A pair of Australia-based investment firms are each kicking in $500 million of...
Pair of Australian Investment Firms Making $2 Billion Bet on U.S. Apartments
Lendlease is currently building 720 South Wells St., the first of five residential high-rises slated for the seven-acre Southbank parcel of the Riverline mixed-use development in Chicago. A pair of Australia-based investment firms are each kicking in $500 million of...
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 Street, traded for approximately $215...
TJX Companies Plans to Add 2,000 More Stores
TJX Companies, which operates the T.J. Maxx brand and others, 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...
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...
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...
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...
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 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...
Header Photo Credit: James L. Woodward