A Maryland real estate investor has acquired the Russo’s property in Watertown for $36.5 million following announcement that the specialty grocer and produce market is preparing to shut down after more than a century.
Boston is ranked No. 2 for investor demand by the Urban Land Institute and PwC, and the industrial sector is drawing increasing interest, as limited supply has rents soaring to record levels.
Responding to strong demand for office space in Boston’s Fort Point, a developer has begun construction of a glass-wrapped two-story addition atop 22 Boston Wharf Road.
