 (1).png)
News:
Owners Developers & Managers
Posted: April 29, 2016
Pergola and Doherty of CBRE/New England represent Broder in $33 million sale of 15 Broad Street
Dave Pergola, CBRE New England
Brian Doherty, CBRE New England
15 Broad Street - Boston, MABoston, MA CBRE/New England’s Capital Markets team completed the sale of 15 Broad St., a distinctive 10-story, 73,500 s/f “jewel box” building located in downtown, for $33 million. CBRE/NE’s Dave Pergola and Brian Doherty represented the seller, Broder, and procured the buyer, Brookfield Property Partners in conjunction with AustralianSuper, Pty.
15 Broad St. is situated within one of the hottest investment markets in the United States. The city’s thriving economy—driven by the healthcare, technology and education sectors—is adding jobs and households at a historic pace.
“The Boston office investment market continues to perform strongly when compared to other top U.S. cities,” said CBRE/NE’s Doherty.
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
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
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
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
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
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
August Promotion
