BOSTON-The project, at 90 Westland Ave., involved the reconstruction of an existing multi-use commercial and residential building. Three stories were added on to the existing three-story building and 20 residential units and three commercial spaces were developed.
MEDFORD, MA-The plan to develop a huge research and development park on 30 acres of industrial land in Malden, Medford and Everett gets a new name, River's Edge, and a recommendation from the state that 200 units of housing should be added to its plans.
BOSTON-The Boston Redevelopment Authority approved the sale of Constitution Quarters to Carlyle CQ Boston, LP. The building was one of the first built when the Navy Yard was decommissioned and Carlyle plans to convert the property into condominiums.
BOSTON-Parent, McLaughlin & Nangle, one of the largest accounting and business consulting firms in the region, relocates to 160 Federal St. The company is leasing 13,195 sf in the 24-story, 354,000-sf building.
LEXINGTON, MA-Revivio relocates its corporate headquarters to 12-18 Hartwell Ave. from 10 Maguire Rd. The company is leasing 33,413 sf in a sublease deal with IBM to accommodate its growth and increased demand for its product.
BOSTON-The developers of the convention center hotel nail down the final $120 million in funding. The 790-room Westin hotel is being built near the Boston Convention and Exhibition Center and was considered crucial to its success.
MARLBOROUGH, MA-Matsushita Kotobuki Electronics of America, a company that is part of Panasonic's MKE subsidiary, is leasing 15,000 sf of flex/laboratory and warehouse space at 140 Locke Dr.
WATERTOWN, MA-A laboratory and research and development facility, leases up 29,000 sf of space to two tenants. Protein Forest takes 16,000 sf while Envivo Pharmaceuticals leases 13,000 sf of space in the building.
BOSTON-An agreement is finally reached between the state, the city and two developers on the development of the last 55 acres of the former Boston State Hospital site in the neighborhood of Mattapan. The arrangement will yield 500 housing units.
BOSTON-CRIC Capital, a locally based joint venture between Corporate Realty Investment Co. and Prudential Real Estate Investors, enters into an $18 million sale-leaseback transaction with GasMart USA, for five properties.