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May 3, 2022

BXP Looks To Flip Boston, D.C. Sales Into $730M ‘Showpiece’ Buy In Seattle

Noannet President Jordan Warshaw Discusses High Rent Demand With The New Raffles Boston Project

One year after entering the Seattle market, Boston Properties is preparing to make a huge splash with a $730M acquisition, and it is looking to sell assets in two of its oldest markets to fund the deal.

BXP Looks To Flip Boston, D.C. Sales Into $730M ‘Showpiece’ Buy In Seattle

The Boston-based REIT reached an agreement last month to purchase Seattle's 37-story Madison Centre office tower for $730M, it revealed on its Q1 earnings release Monday evening. The company's executives said they expect the deal to close May 17. The deal will initially be funded with a $730M bridge loan, but Boston…

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Rockpoint Teams With Abu Dhabi Investor To Buy $2B In Industrial Properties

Rockpoint Teams With Abu Dhabi Investor To Buy $2B In Industrial Properties

Rockpoint Group is joining forces with the Abu Dhabi Investment Authority to acquire about $2B in industrial assets in the United States. The investment vehicle will focus on "build-to-core industrial investments" nationwide, according to the investors.The platform has already closed on its first deal, the acquisition of 865…

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Boston Properties Signs Pharma Giant To 570K SF Build-To-Suit In Kendall Square

Boston Properties Signs Pharma Giant To 570K SF Build-To-Suit In Kendall Square  

Biopharmaceutical giant AstraZeneca is planning a major new lab project in the epicenter of the life sciences industry: Kendall Square. 

The Cambridge, UK-based company is partnering with Boston Properties to build a new facility with over 570K SF of research and development and commercial space in Cambridge, Massachusetts, AstraZeneca announced Friday. The project will be located at 290 Binney St., according to an AstraZeneca spokesperson. It will…

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Record Renewals Even At Record Rents: Apartment Residents Are Staying Put

Multifamily REITs’ rents continue to rise and their tenants largely continue to pay them as turnover rates dropped in Q1.

That's a feat considering apartment rents are hot off a year of record growth. 

“We’re in this situation now where there doesn’t seem to be an end yet of these significant rental rate increases across the board,” Bloomberg Senior REIT Analyst Jeffrey Langbaum told Bisnow. 

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