Report: U.S. Multifamily Rents Continue Positive Momentum

U.S. multifamily rents have continued their upward trajectory with a 3.4% year-over-year increase in July 2019, according to a new report from Yardi Matrix. Annual rent growth has topped 3% on a year-over-year basis for each of the past 13 months. Some of the fastest-gaining metros, according to the report, include Las Vegas (8%), Phoenix

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Madison Marquette Merging with Boston’s Roseview

Washington, D.C.-based Madison Marquette is merging with Boston-based The Roseview Group, a boutique institutional real estate investment and advisory company. Roseview’s CEO, Vince Costantini, will serve as CEO of the combined firm. The move continues Madison Marquette’s strategic platform growth path – bringing capital markets and corporate advisory capabilities to the company and augmenting its

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Matt George Joins Cresa Boston from Equity Office

The Boston office of Cresa expanded its team with the addition of Matt George as Principal. He will leverage 25 years of commercial real estate experience on behalf of occupiers in the Boston real estate market and beyond, while working closely with Managing Principals Dan Sullivan, Adam Subber and other members of the firm’s urban

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Guggenheim Divests Boston-Area Asset to TH Real Estate

TH Real Estate acquired 190 Mechanic Street, a 210,700-square-foot warehouse-distribution facility located in Bellingham, MA from Guggenheim Real Estate for $25.1 million. The buyer, an affiliate of Nuveen, the investment management arm of TIAA, purchased the 100%-leased, institutional-quality asset to expand its industrial and logistics holdings outside leading urban centers such as Boston. The property

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SKW, Bain Capital Partner on Distressed-Debt Fund

New York-based SKW Funding and Bain Capital Credit formed a joint venture to acquire $500 million in sub-and non-performing notes. The JV has made its first acquisition, a $27-million portfolio of non-performing notes secured by 652 garden-style apartment units in San Antonio. The JV will seek opportunities nationally, with a focus on the greater New

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Cherrytree Group Funds Renovation of Landmark Massachusetts Building

Preservation of a registered historic landmark in Lowell, MA has begun, following completion of pre-development funding for the Lowell Legacy Hotel. The funding was arranged by Newton, MA-based Cherrytree Group, which allows construction to begin this winter. The five-story building, built between 1896 and 1905, was recently declared eligible to receive Federal tax credits for

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Up for Sale: Jacqueline Kennedy Onassis’ Private Estate

The late Jacqueline Kennedy Onassis’ private estate, Red Gate Farm, is on the market, with an asking price of $65 million. The 340-acre property is in Aquinna, MA, on Martha’s Vineyard, and includes a 6,456-square-foot main residence, a two-story guest house, two garages, a caretaker’s house, boat house, storage building and hunting cabin. Also included

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PUMA Establishes New North American HQ in Boston 

PUMA North America Inc. plans to consolidate two offices in the Boston area into a new 150,000-square-foot North American headquarters in Somerville, MA in 2021. The 300,000-square-foot transit-oriented development is being built by Federal Realty Investment Trust, and is located at 455 Grand Union Blvd. “We’re excited to bring together our talented North American employees in Somerville, a

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