Archive | January, 2013

Newbury Street Assets Sell – $226.5M

It was assembled piecemeal over five years, but a portfolio of 28 Back Bay properties centered around Newbury Street has traded whole cloth to an Atlanta-based investor, a $226.5 million transaction likely to garner national—and perhaps international—notice. The beneficiaries are Taurus Investment Holdings and UrbanMeritage, plus Federal Realty Investment Trust, which had partnered on five […]

Back Bay Buildings Fetch $12M

Two retail buildings in Boston’s Back Bay neighborhood have been purchased by a developer and investor for $12 million. Abbey Road Back Bay LLC, an entity formed and managed by Abbey Road Advisors of Westport, Conn., completed the sale of the buildings at 131 Newbury St. and 569 Boylston St. to Raj Dhanda, a developer […]

Hayward Place Suffolk breaks ground on $220m, 15-story Millenium Place III

Suffolk Construction recently celebrated the groundbreaking of Millennium Place III, a 15-story 390,000 s/f residential tower in the city’s Downtown Crossing neighborhood. The $220 million project includes $135 million of hard construction costs and is compromised of 256 units with one, two, and three-bedroom apartments, 9,700 square feet of retail space on the ground floor, […]