 (1).png)
News:
Owners Developers & Managers
Posted: February 14, 2020
Hines sells Riverside Center in Newton, Mass. for $235 million
Newton, MA JLL Capital Markets has closed the $235 million sale of Riverside Center, a 509,702 s/f office building.
JLL exclusively represented the seller, Hines, and procured the buyer.
Riverside Center is one of the areas premier transit-oriented assets, boasting high-quality physical infrastructure, flexible floorplates and onsite amenities such as structured parking, a renovated café and fitness center. Located at 275 Grove St., Riverside Center is adjacent to the MBTA’s Riverside Green Line station, which provides connectivity to Boston. Additionally, the property is loacted off of the Rte. 128/Mass Pike interchange providing access to Downtown Boston and the area’s surrounding affluent communities.
JLL’s Capital Markets team representing the seller was led by Coleman Benedict, Matthew Sherry, Kerry Hawkins and Ben Sayles.
MORE FROM Owners Developers & Managers
Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
Quick Hits
 (1).png)
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
August Promotion
