Boston — L3 Capital and LaSalle Investment Management have purchased a vacant commercial building located at 399 Washington St. in Boston’s Downtown Crossing for $63.2 million.
Boston — Cottonwood Management, a private real estate management and development firm based in Los Angeles, has started construction of Echelon Seaport, a three-tower, $900 million mixed-use development in Boston’s Seaport district.
Cambridge, Mass. — A $30 million renovation is underway at CambridgeSide Galleria, a 1.2 million-square-foot, mixed-use development located roughly two miles outside downtown Boston in East Cambridge.
East Boston and Revere, Mass. — The HYM Investment Group LLC, a mixed-use developer based in Boston, has purchased Suffolk Downs, a 161-acre horse racetrack located in East Boston and Revere.
Boston — WS Development has hired architecture firm OMA to design a mixed-use project located at 88 Seaport Blvd. in Boston.
Boston — After more than three years of ownership, Shorenstein Properties has sold Center Plaza, a 741,200-square-foot mixed-use asset in downtown Boston.
Holyoke, Mass. — HFF has arranged the $33.3 million sale of Holyoke Crossing, a 140,361-square-foot retail power center located in the Springfield suburb of Holyoke.
Cambridge, Mass. — HFF has arranged $34.5 million in first mortgage financing for Alewife Brook Parkway Shopping Center, a 47,004-square-foot retail center located roughly three miles outside Boston in Cambridge.
Watertown, Mass. — Boylston Properties and The Wilder Companies have announced plans for the redevelopment of The Arsenal Project, an enclosed regional mall located roughly eight miles outside Boston in Watertown.
Hanover, Mass. — PECO Real Estate Partners has acquired The Hanover Mall, a 732,101-square-foot enclosed regional mall located roughly 25 miles outside Boston in Hanover, from CW Capital.