Boston’s original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
With the acquisition of the commercial real estate and workplace solutions advisory firm, Savills aims to enhance its real estate solutions for life science and technology companies.
PGA Realty Company sold the four-property portfolio, including a 28-acre fully-entitled development site, to the Davis Cos. in an off-market transaction.
The company has hired a multifamily investment sales team, led by executive managing director, Chris Sower, in effort to expand the firm's multifamily coverage throughout the Northeast.
An affiliate of the Green Cities Co. purchased the 295-unit property as a stable investment opportunity given its proven track record and potential value-add opportunities, says a source involved in the deal.