BOSTON—The deal increases Union Investment's real estate portfolio in Boston. The owner of the Godfrey Hotel Boston purchased the Converse headquarters building in Boston from Related Beal earlier this month for $150 million.
NEW YORK CITY—The developer has opted to put 38 residences at the tower up for sale, rather than sticking with the plan to market them as rental units.
NEW YORK CITY—The overall Manhattan office availability rate fell from 10.7% at the end of the first quarter of 2015 to 9.9% year-over-year, according to a new report.
LEXINGTON, MA—Related Beal, the Boston-based division of Related Cos., has hired JLL as the leasing agent for the 175,000 square-foot life science, office and technology complex