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January 5, 2021

5 $100M-Plus Deals Quietly Closed Around Boston As 2020 Wrapped Up

Commercial real estate did not go silently into the night before the new year, with several nine-figure deals closing quietly in Boston’s suburbs.

Major transactions in every asset class posted in the days before the calendar flipped, a small flurry of deals before the year’s end representative of the unique pressure on buyers to get deals done before the end of Q4.

Here are the five largest deals around Boston that closed in the waning weeks of 2020, according to a Bisnow analysis of public land records.

 

152 Grove St., 43 Foundry Ave. and 41 Seyon St., Waltham

5 $100M-Plus Deals Quietly Closed Around Boston As 2020 Wrapped Up

Buyer: TPGSeller: Hilco Real EstatePrice: $344MHilco flipped a 615K SF campus 10 miles from Boston for a hefty price to holding companies tied to San Francisco-based private equity firm TPG.The Illinois-based seller bought the two-building office campus at 43 Foundry Ave.…

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Alexandria's Boston Market Leader Abruptly Steps Down

Alexandria's Boston Market Leader Abruptly Steps Down

The leader of Alexandria Real Estate Equities' operations in Greater Boston abruptly resigned last month, leaving his longtime post at the nation’s largest owner of life sciences real estate.Former Alexandria co-President and Regional Market Director of Greater Boston Thomas Andrews resigned Dec. 30 for personal reasons, according…

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The Sudbury Charts Luxury Future In Boston's Downtown Market
The Sudbury Charts Luxury Future In Boston's Downtown Market  

Boston’s newest luxury living tower is making its long-awaited debut in a tenuous, coronavirus pandemic-afflicted multifamily market.

The HYM Investment Group and development partner National Real Estate Advisors have opened The Sudbury, a 480-foot, 46-story tower at the center of downtown. Touting high-end amenities and sweeping views of the Back Bay, Beacon Hill and the Charles River, HYM founding partner Thomas O'Brien hopes the signature residential piece of Bulfinch Crossing is a transformative project, alongside its companion office tower, in reshaping Boston’s skyline.

"In light of the recent positive vaccine news, we expect to see more and more residents return to the city for its advantages — the vibrancy, activities, amenities, physical infrastructure, social infrastructure, and the ability to network and commute easily," O'Brien said in a statement. The glass and steel tower…

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Many Brokers Made More Money In 2020 Than The Year Before, New Study Shows
 

Global pandemic or not, just over a third of brokers across the country said they made more money in 2020 than in 2019. The news comes from a nationwide poll conducted in December by commercial real estate broker software company Apto and shared first with Bisnow.

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