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Issue of June 26, 2006 |     |
Despite Sales, BPG Pledges Commitment to Bay StateBy Joe Clements Just because BPG Ltd. is divesting four commercial real estate assets in suburban Boston, including the former 3Com corporate campus in Marlborough that is being sold for a price approaching $135 million, the Pennsylvania-based investor is not abandoning Massachusetts, insists Vice President Albert J. Corr. Breakfast Program Speaker’s Message on Market Is Mixed By Joe Clements In the keynote talk during last week’s midyear commercial real estate review at Boston’s Back Bay Westin, AEW Capital Management principal Douglas Poutasse occasionally wavered in his message, delivering seemingly contradictory information about future prospects for the industry. Given his subject material – the economy – such hedging would seem understandable, however. Trammell Crow Flying High With Over $100 Million in Deals By Joe Clements As any waterlogged New Englander can attest this year, sometimes when it rains it pours, and that would certainly seem to be the case for Trammell Crow Co.’s commercial real estate sales team, which is marking the halfway point of 2006 with a flood of notable property closings, transactions accounting for more than $100 million of product. |
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