When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago. […]
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. […]
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.
New York-based MHP Real Estate Services has teamed with Banyan Street Capital of Miami to form one of the nation’s largest private commercial real estate companies with a combined portfolio valued at more than $3 billion.
The two firms own and manage office buildings totaling more than 15 million square feet across the Eastern U.S., and will coordinate efforts while continuing to operate under their respective brands. MHP said the partnership will... […]
The steady rise of home mortgage rates is a good-news/bad-news situation, according to CoStar research.
While any bump in interest rates makes it harder for would-be homeowners to buy, that’s good for the multifamily sector.
A report from CoStar posits that for every rise in home mortgage interest rates, thousands of renters will have to delay buying - thereby increasing the pool of renters and bolstering multifamily fundamentals. CoStar’s data... […]
Bertucci's, the Boston area-based Italian food casual restaurant chain, today filed for Chapter 11 bankruptcy, requesting the sale of substantially all of its assets, including all 59 of its restaurants remaining in operation, to Right Lane Dough Acquisitions LLC, a bidding entity affiliated with Chicago-based private investment firm Right Lane Capital LLC.
Sixteen of the chain's restaurants have served up their last brick oven pizzas as part of... […]
Pictured: 40 Guest St. in Boston Landing.Biotech tenants increasingly priced out of Cambridge, the historical life science capital, are migrating to nearby Allston/Brighton, and New Balance and Harvard are hoping to transform this once sleepy part of the metro into the next biotech hub.
And while all signs point to that happening, it’s not going to be overnight. Or even close.
Kendall Square’s rise as a biotech hub has been well documented... […]
Slalom has signed a 30,075-square-foot lease at 399 Boylston St. where the company will consolidate its two Boston offices.
A business and technology consulting firm out of Seattle, Slalom will combine its locations at 181 Newbury St. and 312 Stuart St. in to part of the third and 10th floors of the 13-story, 251,328-square-foot Boylston St. building in central Boston’s Back Bay. The property has been recently renovated, and features a new glass... […]