135 Wells Ave. Newton

Developer Puts Controversial Housing Site On Market

Developer Cabot, Cabot & Forbes has placed on the market a 6.3-acre Newton property where its attempts to build a 334 apartments under the Chapter 40B affordable housing law are being reviewed by the Massachusetts Supreme Judicial Court.

Suffolk Downs

HYM Sees Suffolk Downs As Job Engine

Boston-based HYM Investment Group is set to acquire the 161-acre Suffolk Downs racetrack property in East Boston and Revere for $155 million today, laying the groundwork for a mixed-use development that could reshape a large stretch of the Blue Line corridor.

HFF Leads Fundraising For Retail Center Makeover

Devonwood Investors has retained HFF’s Boston office to raise financing to convert the Burlington Town Center enclosed retail property in Burlington, Vermont into a $250 million mixed-use development. The project will include more than 1 million square feet of housing, retail and class A office space. New York-based Devonwood recently received Burlington City Council...
Hotel Exterior

Linchris Hotel Corp. Sells Revere Hotel

Warwick, Rhode Island-based Magna Hospitality Group has acquired the Hampton Inn Boston-Logan Airport in Revere from Linchris Hotel Corp. of Hanover for $36.9 million. Located at 230 Lee Burbank Highway/Route 1A, the 7-story, 277-room hotel was built in 2001 and features function space, an indoor pool, business center, complimentary shuttle service, airline crew lounge...

TIAA-CREF Adds To Boston Portfolio With $225M Acquisition

TIAA-CREF has closed on the $225 million acquisition of six office buildings in Boston’s Fort Point neighborhood. Clarion Partners acquired the parcels containing 407,458 square feet of office and retail space in 2012 for $129.3 million. They include the 94,314-square-foot 33-41 Farnsworth St., where General Electric has leased four floors for a temporary headquarters...

Griffith Properties Refinances Alewife Office Building

HFF has arranged $30.4 million in mortgage refinancing for 10 Fawcett St. in Cambridge. The 134,561-square-foot multitenant office building is located in Cambridge’s Alewife neighborhood. Eastern Bank provided a three-year, floating rate loan for owners Griffith Properties and Artemis Real Estate Partners. HFF’s Greg LaBine and Porter Terry represented the borrower. Most recently renovated...
Wells Center

Joint Venture Acquires Newton Office Buildings For $62.3M

A joint venture of Hingham-based Jumbo Capital Management and Angelo Gordon Co. of New York has acquired two office buildings totaling 332,194 square feet on Wells Avenue in Newton for $62.3 million. The properties at 7-57 and 75-85-95 Wells Ave. are 95 percent leased to tenants including EMC, Ericsson and Ascensus. HFF’s Coleman Benedict...
Sheraton Portsmouth Harborside Hotel

HFF Arranges $35.5M To Refinance Sheraton Portsmouth Harborside Hotel

Members from the Boston office of Holliday Fenoglio Fowler LP (HFF) recently arranged $35.5 million in refinancing for the Sheraton Portsmouth Harborside Hotel in Portsmouth, New Hampshire. The 180-room, six-story hotel located at 250 Market St. features 13,500 square feet of meeting space, a two-level underground parking garage, a fitness center, indoor pool, sauna,...
1025 and 1075 Main Street Waltham

The Davis Cos. Acquires Space In Waltham

An affiliate of The Davis Cos. has purchased 303,460 square feet of office space in Waltham. The company acquired two Class A office properties at 1025 and 1075 Main St. The properties, which were originally built in 1980, include a cafeteria, fitness center and parking in a four-level parking garage below 1075 Main. Area...
201 Burlington Rd Bedford, MA for onetime use by Transwestern/RBJ and Nordblom Co

CRE Investment Outlook: Suburbs Offer Best Value

Foreign investors acquired $4.3 billion worth of commercial properties in Greater Boston in the last year, pushing prices to record levels on Boston and Cambridge trophy buildings. Boston is the second-biggest U.S. market for overseas investors, trailing only Manhattan’s $11.3 billion figure, according to industry research. “The common theme is: they’re looking for safety...
1025-1075 Main St. Waltham

Davis Cos.’ $76M Bet On Office Rent Growth In The Suburbs

Davis Cos. has acquired a pair of office buildings in Waltham and Watertown in another vote of confidence for continuing rent growth in the suburbs. The Boston-based developer acquired the 303,460-square-foot 1025-1075 Main St. in Waltham, a multitenant office building, for $52.5 million and 101 Walnut St. in Watertown, the VHB engineering firm’s local...