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The hiring of Insignia/ESG to lease the remainder of a soon-to-be completed office building in Boston has rattled some feathers in the city's brokerage community. Insignia only recently entered the Boston market through an acquisition.
Several factors are starting to drive developers to what previously had been considered Boston's hinterlands along Interstate Highway 495. Among them: a lack of land along Route 128 and the inability to further develop within Boston.
February 7, 2000 BOSTON – MFS Investment Management has extended its lease and taken more space at 500 Boylston Street in Boston through 2013. The firm leased 328,540 square feet – worth an annual $13.4 million, or about $40/sf. Under ...
A Boston-area industrial property that was sold by Raytheon is poised to become a telecommunications hotel. The property is owned by Highgate Holdings of Dallas and Saracen Development of Newton, Mass.
January 19, 2000 Associated PressBOSTON – Rents for office space in Boston exceed $50/sf – the first time they have ever been at that level. But the market has not yet responded by constructing more offices. Despite upbeat economic conditions, ...
The 1.2 million sf manufacturing plant in Waltham was sold to a partnership as a sale-leaseback. The cost-cutting move comes amid controversy that the engineering giant would also sell its Lexington headquarters.
What were once considered useless factories in the Boston area are finding new life as telecommunications facilities. And the sudden interest in such properties has brokers scrambling to find formerly unwanted properties.
Now's the time to sell Boston commercial real estate, according to a survey of brokers and developers. Many of those surveyed believe the top of the market has been hit.
December 22, 1999 NEW YORK – Millennium Partners completed its $122 million purchase of the Ritz-Carlton in Boston from Host Marriott Corp.The 275-room hotel will continue to be managed and operated by Ritz-Carlton Hotel Co., which will also manage a ...
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