Regions Northeast
Suburban Boston Industrial Property Snapped Up for $39M
Aug 29, 2008

Cabot Properties has just become the new owner of I-290 Industrial Park, having shelled out $39 million for the 577,000-square-foot property in Northborough, Mass. The transaction, orchestrated by Jones Lang LaSalle's capital markets team on behalf of seller RREEF, also included a parcel of land with the capacity for 45,000 square feet of additional development. Located about 40 miles from Boston just off I-290 and within a few miles of I-495 and I-90, the industrial complex consists of six single-story structures offering manufacturing, distribution, R&D and warehouse accommodations. The property was developed over a five-year period beginning in 1975 and is presently 90 percent leased.

 
Recent Northeast Headlines
Developers Move Ahead with Plans for 60-Story NYC Tower
Nov. 21, 2008
Banking that the healthcare industry will stay healthy despite the tough economic times, developers are moving ahead with plans to build the World Product Centre, a 60-story tower on Manhattan’s West Side that would showcase medical diagnostic and device companies and serve as an international educational center.
Proposed $1B Philadelphia Skyscraper Gets Zoning Approvals, Awaits City OK
Nov. 21, 2008
The American Commerce Center, a $1 billion, mixed-use skyscraper proposed for 1800 Arch St., in Philadelphia’s Center City, moved another step closer to reality this week when the city’s planning commission unanimously approved zoning changes for the 1.5-acre site.
pier 57 NYC's Pier 57 Attracts Trio of Renovation Proposals
Nov. 21, 2008
At the edge of Manhattan’s Meat Packing District in Chelsea, Pier 57 abuts an area that has seen a burst of activity over the last decade. Located at the end of West 15th St. and encompassing some 375,000 square feet of waterfront space plus rooftop area, the pier is now the focus for three bids for renovation.
CBRE Promotes 4 to SVP
Nov. 18, 2008
CB Richard Ellis has promoted Sacha Zarba, Doug Lehman, Andrew Sussman and Bill Mooney to senior vice president.  They were previously first vice presidents.
Redevelopment Authority Approves 4 Boston Projects
Nov. 18, 2008
Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors.