NOT FOR REPRINT
Page Printed from: globest.com/markets/boston/?page=8
Sign In To follow
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.
Its strategy includes a second full-building lease in Boston's Seaport Project.
The firm has acquired a 162,000-square-foot office building and an adjacent land parcel at the Assembly Square campus near Boston.
Better late than never. Office leasing activity has surged at the end of the year, accounting for 50% of the year's office leases.
The portfolio was part of Cabot's Industrial Core Fund and totaled 8 million square feet of high-quality midsize logistics facilities.
The departing president and CEO of the Massachusetts Biotechnology Council, Robert Coughlin, will assume his new role in early 2021.
The top office markets in the US are seeing negative absorption, flat or decreasing rents and rising vacancy rates.
The partnership will acquire multifamily assets across the country and execute a value-add strategy.
A Smartway2 survey shows that nearly half of employees are still hesitant to return back to work.
JLL Capital Markets arranges the $48-million sale and the $24-million acquisition financing.
Hotel REITs are beginning to announce third quarter earnings reports, and the market is showing signs of recovery.