One of the largest life sciences landlords in Cambridge has sold an office building near Kendall Square for well below its purchase price.
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BioMed Realty sold the 65K SF office building at 210 Broadway for $15M to Bulfinch Cos., according to an Oct. 29 deed record.
The lab owner had acquired the property in 2012 for $23.5M, Banker & Tradesman reported.
The discounted sale follows other similar deals in the submarket, including Tourbineau Real Estate Partners' September acquisition of 955 Massachusetts Ave. for $25M, a fraction of the $101M it sold for in 2020.
The Cambridge office market has been ravaged by the pandemic as tech companies sublet space. As of the third quarter, vacancy stood at 26.7%, according to CBRE.
However, the market is benefiting from increased AI tenant activity, with big companies including Anthropic and Blitzy signing leases in Kendall Square.
SALES
Newton demolition contractor Trillennium Services submitted the $6.5M winning bid for a stalled Newton housing development at 283 Melrose St., B&T reported. The property's lender, Dedham Institution for Savings, submitted the opening bid of $6.4M but was outbid by Trillennium. The stalled project was supposed to house two townhouse-style residential buildings, but the city issued a stop-work order at the site in 2023.
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EOS Investors acquired the 163-room Hyatt Centric Faneuil Hall for $58.4M from Magna Hospitality, according to deed records. The buyer secured a $40M mortgage from Beacon Bank & Trust. The property is at 50-54 and 56-68 Devonshire St.
LEASES
International Workplace Group is expanding its Massachusetts presence with six new locations, bringing its total to 50 throughout the state. The new flexible office spaces will operate under IWG's Regus and HQ brands. They will be in Boston, Worcester, Somerville, North Andover, Holbrook and Charlestown. Five of the locations are already open, with the Charlestown space scheduled to open in the first quarter.
PERSONNEL
Cushman & Wakefield hired Christina Fish as managing director and New England lead of its project and development services business. Fish will oversee the PDS business, focusing on its regional growth and expanding its services. Before this role, Fish held several senior leadership positions at Cushman between 2018 and 2024, and she served as global account director at PepsiCo.
CONSTRUCTION AND DEVELOPMENT
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Core Investments and A Yankee Line Inc. filed a preliminary notification form with the Massachusetts Environmental Policy Act Office for a 171K SF, 200-room hotel and a 65K SF events building at the site of the former Lombardo's event hall in Randolph. The 13-acre site on Scanlon Drive was also home to the former Latana events facility that has been demolished.
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The owner of the 140-acre Stone-E-Lea golf course is preparing to close the course and put the property up for sale. The property is being marketed for redevelopment and sits near I-95 between the Boston and Providence metropolitan areas. 128 CRE's David Linehan, Adam Meixner, Jeremy Freid and Tyler Capecci are representing the ownership in the property's marketing and sale.
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Synergy celebrated the opening of its 198-unit Altitude Worcester office-to-residential conversion. Synergy acquired the property, the former headquarters of Fallon Health, in 2023. The developer completed the project within 16 months after the healthcare company vacated in March 2025. Next to the property, Synergy and the Planning Office for Urban Affairs converted the four-story Two Chestnut Place into 22 affordable condominiums.
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Suffolk Construction opened its $50M 100MAG innovation hub at its Roxbury headquarters. The innovation center expands the construction firm's commitment to artificial intelligence and research and development. The firm got approval for the expansion in April.
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The MBTA has issued a request for qualifications for the redevelopment of the Lynn commuter parking garage. The five-story garage opened its doors in 1992 but has been partially closed since 2022 due to safety concerns. The city is prioritizing mixed-use development and transit uses for the redevelopment project.
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