Boston
JV Nabs Suburban Boston Office/Flex Campus
The six-building Brookwood Business Center is located in Tewksbury and Billerica, Mass., and previously traded in 2010, when Brookwood Financial Partners acquired it through foreclosure for $15 million.
Aloft and Element Hotels Receive $140M Financing
HFF arranged the financing of the 330- and 180-key hotels on behalf of the borrower, through Starwood Property Trust. The hotels opened for business in 2016.
DivcoWest Breaks Ground on 45-Acre Mixed-Use Project
The company is re-launching the long-proposed Boston development site now known as Cambridge Crossing. In addition to office space, the development will have retail shops, an 11-acre public park and as many as 2,400 residential units.
Amazon Robotics MA HQ Trades for $45M
Lincoln Property Co. has teamed up with Ibdar Bank and Ritz Banc Group in order to acquire the only facility in the world that designs, assembles and tests Amazon’s entire robotics equipment arsenal.
Colliers Welcomes Back Jessica Sawyer as EVP
Sawyer, formerly a vice president in the development and consulting services group, rejoins the company after an absence of five years. She will be based in Boston.
Cambria Hotels Breaks Ground in South Boston
Choice Hotels International is expanding its U.S. footprint with the addition of Cambria Hotel South Boston to its portfolio. The hotel is expected to open in 2019.
Grander Capital Buys into MA Office Campus
A joint venture between Grander Capital Partners and North Colony Asset Management purchased Heritage Point, a 160,912-square-foot building located within the Heritage Landing office campus in Quincy, Mass.
HFF Arranges Refi of Boston Hotel Portfolio
The commercial real estate services firm landed a 10-year CMBS loan for Distinctive Hospitality Group’s refinancing of three properties in the city’s suburbs.
Campanelli, Clarion Break Ground on MA Industrial Project
The upcoming 427,500-square-foot development, comprising two buildings, will soon rise in the Boston submarket of Bellingham. Construction is expected to be complete by August 2018.
Charles River, AEW Land $205M Mixed-Use Financing
Located a few miles from Boston, The District Burlington is a 1 million-square-foot urban park with suburban environment features. Tenants are attracted by its enhanced connectivity, walking trails and private shuttles.