Boston
Morgan Stanley Fund Grabs 50% of Boston Trophy Building
In a deal that was first reported by Bisnow, a Morgan Stanley real estate fund has acquired the Blackstone Group’s 50 percent share of One Post Office Square, a 40-story office building in Boston’s financial district, for a reported $550 million.
Skanska USA Develops Office Tower for PricewaterhouseCoopers in Boston’s Seaport Square
Skanska USA Commercial Development Inc. is investing $265 million in a 440,000-square-foot office building in the Seaport District of Boston that will be occupied primarily by PricewaterhouseCoopers.
Harvard Details 10-Year Master Plan for Development in Allston
Harvard University’s six-year effort to map out an expansion of its campus in Allston is finally starting to move forward. Though it’s a far cry from the 50-year, 10 million-square-foot proposal that was originally filed back in 2007 before the economy hit the downward spiral, Harvard’s scaled down plan is still impressive.
JV to Build 300,000 Sq. Ft. Mixed-Use Complex in Forest Hills
Forest Hills Arborway, LLC, a joint venture between Beacon Hill-based The Brennan Group and real estate development and investment firm John M. Corcoran Company plans to create a 300,000-square-foot residential and commercial complex in Jamaica Plain’s Forest Hills area. The development team filed this week a Project Notification Form with the Boston Redevelopment Authority (BRA).
JLL Adds Beers, Ficke to the Fold
Jones Lang LaSalle has bolstered its global corporate solutions team by adding seasoned real estate executives Jessica Beers, MCR, and Bruce Ficke, who will advise real estate outsourcing teams serving the world’s top corporations on emerging real estate strategies with JLL’s Corporate Solutions group.
BRA OK’s New Multifamily Projects from Corcoran Jennison, Trinity Financial
The Boston Redevelopment Authority (BRA) approved this week several real estate projects that, combined, will bring around 1,200 housing units across Boston.
Behringer, Wood Partners Kick Off $191M Suburban Boston M-F Project
Behringer Harvard and Wood Partners have commenced construction of 22 Water St., a luxury apartment community in Cambridge, Mass., just outside of downtown Boston.
$45M Renovation Transforms Historic Seaport Warehouse into Residence Inn by Marriott Hotel
After months of renovations and upgrades under designs by architecture firm Group One Partners, a six-story underutilized historic building located in downtown Boston’s Seaport District re-opened last week as the most recent Residence Inn by Marriott facility.
Cole Boosts CCIT Portfolio With 3 Recent Acquisitions
Cole Real Estate Investments has boosted the portfolio of Cole Corporate Income Trust to 35 properties in 17 states with the recent acquisitions of three Class A office buildings in Texas and Massachusetts for $160 million.
Ground Breaks on $450M Brigham Research, Clinical Facility in Boston
Boston’s status as the leading life sciences hub in the country will only be bolstered now that ground has broken on Brigham and Women’s Hospital’s $450 million Brigham Building for the Future.