December 23, 2024 - 07:15
BOSTON – Newmark has successfully completed the sale of two prominent office properties, 10 Liberty Square and 12 Post Office Square, located in the heart of Boston. These Class B office buildings are known for their strategic positioning and accessibility, making them attractive assets in the competitive real estate market.
Robert Griffin, Co-Head of U.S. Capital Markets at Newmark, played a pivotal role in orchestrating this transaction, highlighting the growing demand for office spaces in urban settings. The sale reflects a broader trend in the real estate sector, where investors are increasingly drawn to well-located properties that offer potential for long-term growth.
Both buildings have been integral parts of Boston's skyline and business landscape, catering to a diverse range of tenants. As the market continues to evolve, this transaction signifies confidence in the city’s economic resilience and the ongoing recovery of the commercial real estate sector. The future looks promising as Boston remains a hub for innovation and business development.
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Vancouver Real Estate Update: Office Show Suites and City Policy ShiftsA closer look at the trend driving my latest reporting for The Globe and Mail. This month I focused on the rise of office show suites, where developers finish out spaces before signing tenants,...
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S.F. ‘BUILD Act’ is a big tax cut for the wealthy. Let’s just be honest about it.Is the proposal to slash taxes on large real-estate transactions a bad idea? Not necessarily. Are its backers being honest about what it does? Not necessarily. The so-called BUILD Act, which would...
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Should Income Investors Look At Marwest Apartment Real Estate Investment Trust (CVE:MAR.UN) Before Its Ex-Dividend?Income investors watching the Canadian real estate market may want to mark their calendars for Marwest Apartment Real Estate Investment Trust (CVE:MAR.UN). The trust is set to go ex-dividend soon,...
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PGIM: $260 Million Deployed As Real Estate Fund Completes 10th Property AcquisitionPGIM has deployed $260 million as its real estate fund closed on its 10th property acquisition. The latest purchase is The Arbor, a 127-unit residential community in the Riverdale section of the...