CAMBRIDGE—After a fast-paced battle targeting 922 Massachusetts Ave., New York-based Columbia Partners has taken the prized 31-unit apartment building in teeming Central Square offered this spring through Boston Realty Advisors. The Emerson fetched $11.5 million and was financed with $7.5 million from Cambridge Trust Co. “We are excited with our acquisition of The Emerson and […]
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Viewing posts from: August 2019
29Aug
Boston Realty Advisors Sells Trophy Cambridge Apartment Asset to NY Firm for $11.5M
Capital Markets
These are boom times for WeWork. The co-working giant has been scooping up Boston office space at a torrid clip, some 1.5 million square feet in 16 buildings, from downtown towers to Fort Point warehouses. That’s nearly a Hancock Tower of desks that it rents from landlords and then sublets on flexible terms to everyone […]
Read MoreVacancies are low and the construction pipeline is deep this summer in Boston. Business demand focused on urban Boston continues to fuel a prolonged positive cycle. There was 1.5M SF of net tenant commitments in Q2, launching a combined 3.6M SF of office and lab construction for tenants like Amazon, MassMutual, Sanofi and State Street. […]
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