Commercial Real Estate News

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  • NYC Council Stops Midtown Tower Construction
    Posted on December 3, 2017 at 6:23 pm

    Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,. […]

  • Malls Never Wanted Gyms. Now They Court Them
    Posted on November 27, 2017 at 7:03 pm

    Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they’re giving health clubs some of their best real estate. […]

  • New Jersey Office Rents Near Records
    Posted on November 26, 2017 at 11:21 pm

    Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities. […]

  • Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP
    Posted on November 13, 2017 at 11:27 am

    Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own, according to people familiar with the matter. […]

  • 'Little India' Thrives in Central New Jersey
    Posted on September 26, 2017 at 2:58 am

    Oak Tree Road, known as “Little India,” has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland. […]

Boston Commercial Real Estate News From CoStar Group CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.

  • Jumbo Capital, Sound Mark Partners Land Stony Brook Office Park in +$80 Million Deal
    Posted by Esmeralda McKie <news@costar.com> on January 19, 2018 at 8:29 am

    The 270,196-square-foot Stony Brook Office Park in Waltham, MA has sold for $80.058 million. Jumbo Capital Management of Quincy, MA and Sound Mark Partners out of Greenwich, CT paid roughly $296 per square foot for the suburban campus comprised of four interconnected buildings located at 130 Turner St., and a 3,925-square-foot retail building at 5 Turner St. Constructed in 1984 and renovated in 2003, the park is fully leased to Brainshark, Wolters... […]

  • Gazit-Globe Subsidiary to Open New Office in Boston
    Posted by Allison Quinn-Redding <news@costar.com> on January 17, 2018 at 5:38 am

    The U.S. subsidiary of Israeli shopping center and mixed-use owner, operator and developer Gazit-Globe (NYSE; TSX; TASE: GZT) has confirmed plans to open a new office in Boston. Alison Lies, a former vice president of acquisitions at Equity One, will relocate to Boston to launch the new office of Gazit Horizons as its senior vice president of acquisitions. The company targets income-producing real estate in major markets throughout the U.S., and... […]

  • Addgene Latest to Sign On at LINX in Watertown
    Posted by Allison Quinn-Redding <news@costar.com> on January 12, 2018 at 10:40 am

    Addgene, a global, nonprofit repository created to help scientists share plasmids, is joining the tenant roster at LINX in Watertown, MA. The organization agreed to a lease for 39,333 square feet at the 185,595-square-foot, two-story creative lab and office building. Completed by Boylston Properties in June, the building sits on an 8.6-acre site near the Arsenal Yards at 490 Arsenal Way in Watertown's East End. Addgene is the second life science... […]

  • HFF Appoints New Boston Senior Director
    Posted by James Lutz <news@costar.com> on January 12, 2018 at 7:44 am

    HFF has hired former CBRE executive Kerry Hawkins as a senior director in the firm's Boston office. In her new role, she will specialize in office investment advisory transactions. Hawkins joins HFF after more than a decade with CBRE, where she most recently served as a first vice president representing property owners and tenants in office leasing and sales. An 18-year industry veteran, Hawkins is an active member of the Commercial Brokers... […]

  • Middlesex Marketplace Trades Hands in Burlington
    Posted by Khalil Muhammad <news@costar.com> on January 9, 2018 at 7:19 am

    Crow Holdings Capital Partners-Real Estate (CHC-RE), a Dallas-based asset manager of private equity real estate funds, acquired the Middlesex Marketplace in Burlington, MA for $29 million, or approximately $758 per square foot. The 38,243-square-foot shopping center was constructed in 2013, and is currently home to Del Frisco's Grille, Calvo Inc., Sleep Number, Visionworks, Qdoba, Bassett Home Furnishings and Ideal Image Laser Hair Removal, among... […]