Investors continue to pump billions of dollars into Boston’s commercial real estate landscape, juicing what is already the nation’s most liquid market. Boston pushed past Manhattan as the nation's most liquid real estate investment market over the year’s first six months, according to a June Real Capital Analytics report. While Manhattan in the past year slipped in RCA's investment metrics including number of unique, active buyers and institutional volume share, Boston saw relatively little change from pre-pandemic fundamentals, powered by active multifamily, life sciences and industrial markets. The summer kicked off with Alexandria Real Estate Equities’ $815M agreement in June to buy One Rogers Street and One Charles Park in East Cambridge, which had just sold for $468M at the beginning of the year (the deal is expected to close in December). Alexandria’s 74% increase in price was a sign of a market starving for life sciences space. The biggest players in commercial real estate closed on record-setting deals in Boston, encouraged by record-high life sciences funding, skyrocketing demand for regional e-commerce distribution centers and the need to house the workforce that will power the economy. Bisnow compiled a list of the 10 largest sales across property types that closed over the summer. 
Buyer: MetLife Investment Management and Norges Bank Investment ManagementSeller: Oxford Properties, J.P. Morgan Asset Management Price: $825MSubmarket: East CambridgeAsset Class: OfficeMetLife and Norges Bank secured on Aug. 26 the 409K SF East Cambridge office tower for a record $2K per SF in the largest single-asset office transaction in the U.S.…  Read the full story here. | 
